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May 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Rizwan Bhatti

External debt, liabilities hit historic high of $105 billion
Markets

External debt, liabilities hit historic high of $105 billion

The country's external debt and liabilities continued upward momentum, reaching all-time high of $105 billion at the end of March 2019, mainly due to massive borrowing from multilateral and bilateral sources for balance of payment support. Economists said
Published 16 May, 2019 12:00am
July-April remittances stand at $17.9 billion
Print

July-April remittances stand at $17.9 billion

Inflows of workers' remittances maintained uptrend, posting 8.45 percent growth during the first 10 months of this fiscal year (FY19). Overseas Pakistani workers remitted $17.875 billion during July to April of FY19 compared with $16.482 billion received
Published 11 May, 2019 12:00am
July-April remittances stand at $17.9 billion
Print

July-April remittances stand at $17.9 billion

Inflows of workers' remittances maintained uptrend, posting 8.45 percent growth during the first 10 months of this fiscal year (FY19). Overseas Pakistani workers remitted $17.875 billion during July to April of FY19 compared with $16.482 billion received
Published 11 May, 2019 12:00am
July-April remittances stand at $17.9 billion
Print

July-April remittances stand at $17.9 billion

Inflows of workers'' remittances maintained uptrend, posting 8.45 percent growth during the first 10 months of this fiscal year (FY19). Overseas Pakistani workers remitted $17.875 billion during July to April of FY19 compared with $16.482 billion received
Published 11 May, 2019 12:00am
SBP's reserves down over $1.5 billion in April
Print

SBP's reserves down over $1.5 billion in April

The State Bank of Pakistan's foreign exchange reserves fell over $1.5 billion during April due to massive and continued external debt servicing. During the week ending March 29, 2019, the SBP received inflows of RMB 15 billion equivalent to $ 2 billion as
Published 10 May, 2019 12:00am
SBP's reserves down over $1.5 billion in April
Print

SBP's reserves down over $1.5 billion in April

The State Bank of Pakistan's foreign exchange reserves fell over $1.5 billion during April due to massive and continued external debt servicing. During the week ending March 29, 2019, the SBP received inflows of RMB 15 billion equivalent to $ 2 billion as
Published 10 May, 2019 12:00am
SBP''s reserves down over $1.5 billion in April
Print

SBP''s reserves down over $1.5 billion in April

The State Bank of Pakistan''s foreign exchange reserves fell over $1.5 billion during April due to massive and continued external debt servicing. During the week ending March 29, 2019, the SBP received inflows of RMB 15 billion equivalent to $ 2 billion a
Published 10 May, 2019 12:00am
Dr Reza Baqir appointed governor SBP
Print

Dr Reza Baqir appointed governor SBP

The federal government has appointed Dr Reza Baqir as new governor of the State Ba-nk of Pakistan (SBP). He has replaced Tariq Bajwa who resigned from the top slot of SBP on Friday.
Published 05 May, 2019 12:00am
Dr Reza Baqir appointed governor SBP
Print

Dr Reza Baqir appointed governor SBP

The federal government has appointed Dr Reza Baqir as new governor of the State Ba-nk of Pakistan (SBP). He has replaced Tariq Bajwa who resigned from the top slot of SBP on Friday.
Published 05 May, 2019 12:00am
Dr Reza Baqir appointed governor SBP
Print

Dr Reza Baqir appointed governor SBP

The federal government has appointed Dr Reza Baqir as new governor of the State Ba-nk of Pakistan (SBP). He has replaced Tariq Bajwa who resigned from the top slot of SBP on Friday.
Published 05 May, 2019 12:00am
SBP launches Innovation Challenge Facility
Print

SBP launches Innovation Challenge Facility

The State Bank of Pakistan (SBP) has announced to launch an Innovation Challenge Facility (ICF) to find and support innovative fin tech solutions to promote Digital Financial Services (DFS) in the country. The key objective of facility is to provide an op
Published 01 May, 2019 12:00am
EFP presents proposals for federal budget
Print

EFP presents proposals for federal budget

The Employers' Federation of Pakistan (EFP) has urged for broadening the tax base, lower cost of doing business and simplify tax procedures for long term economic development.
Published 26 Apr, 2019 12:00am
NRPs facing difficulties in operating bank accounts
Print

NRPs facing difficulties in operating bank accounts

Non-Resident Pakistanis (NRPs) are facing issues for operating bank accounts in Pakistan due to limited banking services. Sources in banking sector told Business Recorder on Wednesday that banks are receiving a lot of complaints from NRPs that pres
Published 25 Apr, 2019 12:00am
C/A deficit narrows down by 29 percent in nine months
Print

C/A deficit narrows down by 29 percent in nine months

The country's current account deficit narrowed down by 29 percent during the first nine months of this fiscal year (FY19) followed by lower goods and services deficit. Economists said that the country's external account continues to improve on back of low
Published 19 Apr, 2019 12:00am
C/A deficit narrows down by 29 percent in nine months
Print

C/A deficit narrows down by 29 percent in nine months

The country's current account deficit narrowed down by 29 percent during the first nine months of this fiscal year (FY19) followed by lower goods and services deficit. Economists said that the country's external account continues to improve on back of low
Published 19 Apr, 2019 12:00am
SBP to ensure OTC tax payment through surprise inspection
Print

SBP to ensure OTC tax payment through surprise inspection

The State Bank of Pakistan (SBP) has decided to conduct surprise inspection of bank branches to ensure payment of taxes and duties particularly mobile levy through Over-the-Counter (OTC). As per the SBP directives banks are required to enable their OTC ch
Published 16 Apr, 2019 12:00am