We need to conserve energy That there is a need for conserving energy is a fact, which cannot be overemphasised in view of a variety of highly... Published 22 Jun, 2022 05:58am
Pakistan ‘Storm in a teacup’ as minister urges people to cut back on ‘chai’ ISLAMABAD: A minister has caused a storm in a teacup by urging citizens to cut back on drinking “chai” as a way... Published 16 Jun, 2022 08:31am
Business & Finance Rouble off 2-week highs MOSCOW: The Russian rouble slid off a two-week high on Thursday after President Vladimir Putin signed a decree that... Published 10 Jun, 2022 06:16am
Markets Alarm bells: SBP-held foreign currency reserves fall to $9.72bn Fall $366mn on a weekly basis due to external debt repayment Total reserves held by country stand at $15.77 billion as of May 27 Published 02 Jun, 2022 08:47pm
Business & Finance Rouble firms past 57 to dollar for first time in four years MOSCOW: The Russian rouble strengthened to levels not seen since March 2018 against the dollar on Tuesday, boosted ... Published 25 May, 2022 04:40am
Business & Finance Turkish lira trims some losses after falling 2pc ISTANBUL: The Turkish lira weakened 2% on Tuesday before trimming losses, extending its decline into a ninth... Published 18 May, 2022 05:54am
Business & Finance Rouble near 5-year highs versus euro, stocks up MOSCOW: The Russian rouble firmed past 64 per dollar on Monday, briefly jumping to 62.71 to the greenback, and... Published 17 May, 2022 05:39am
Markets SBP-held foreign exchange reserves fall another $190mn, now stand at $10.31bn Total reserves held by Pakistan stand at $16.38bn Published 12 May, 2022 10:36pm
Markets SBP-held foreign exchange reserves fall another $59mn, now stand at $10.5bn Total liquid foreign reserves held by the country stood at $16.55 billion as of 30-April-2022 Published 06 May, 2022 08:54pm
Business & Finance Rouble climbs to March 2020 levels vs euro, stocks up MOSCOW: The Russian rouble extended gains in early Moscow trade on Thursday, supported by month-end tax payments ... Published 29 Apr, 2022 05:43am
BR Research MLCF: Running out of luck Mapleleaf Cement’s nine-monthly financial performance leaves much to be desired but given current economic... Published 28 Apr, 2022 06:08am
World Cash-strapped Sri Lanka to sell ‘golden’ visas COLOMBO: Cash-strapped Sri Lanka announced Tuesday it would sell long-term visas to attract desperately needed... Published 27 Apr, 2022 05:19am
Business & Finance Quarter ended on March 31, 2022: Allied Bank posts Rs4.828bn PAT KARACHI: Allied Bank Limited (The Bank) is guided by its vision “to become a dynamic and efficient bank providing... Published 23 Apr, 2022 04:45am
Business & Finance Turkish cbank raises mandatory exporters’ FX revenue conversion rate to 40pc ISTANBUL: Turkey’s central bank said on Friday it raised the share of foreign currency revenues that exporters are... Published 17 Apr, 2022 05:51am
Business & Finance Norway central bank to buy currency for wealth fund for first time since 2013 OSLO: Norway’s central bank said on Thursday it would buy foreign currency for its sovereign wealth fund in April,... Published 01 Apr, 2022 05:41am
Pakistan ‘CAD chronicles’: SBP clarification KARACHI: The following is the full text of a clarification by State Bank of Pakistan (SBP): “In an article... Published 01 Mar, 2022 05:34am
Markets Russia hikes key rate to 20% in emergency move, tells companies to sell FX The Russian central bank raised its key interest rate to 20% from 9.5% on Monday in an emergency move, and... Published 28 Feb, 2022 12:43pm
Print Wapda may delay issuance of second Eurobond till year-end LAHORE: The Water and Power Development Authority (Wapda) is likely to delay issuance of the second $500 million... Updated 20 Feb, 2022 09:06am
Pakistan Depreciation of PKR: Punjab govt’s liabilities surge 4.6pc to Rs1.079trn LAHORE: For the three-month period ended on December 31, 2021, the Punjab government’s liabilities surged by 4.6... Published 11 Feb, 2022 04:31am
World Sri Lanka default rumours ‘totally unsubstantiated,’ says central bank COLOMBO: Sri Lanka’s central bank said on Wednesday the country was committed to honouring all forthcoming debt... Published 10 Feb, 2022 04:40am
Print Supplementary LoI submitted to IMF: PL on gasoline, diesel raised as prior action for 6th review ISLAMABAD: The government has raised the Petroleum Development Levy on gasoline and diesel by Rs 12/liter, as prior... Updated 06 Feb, 2022 09:13am
World Sri Lanka calls for diaspora investment on independence day COLOMBO: Sri Lanka marked its independence day on Friday with an appeal to its diaspora to send money home to... Published 05 Feb, 2022 05:47am
Editorials The spectre of rising inflation EDITORIAL: There is no respite on the inflation front. The headline number at 13 percent in January 2022 is the... Published 04 Feb, 2022 04:43am
Pakistan Over 0.6m euros recovered from Dubai-bound siblings KARACHI: Pakistan customs Saturday claimed to have recovered over 0.6 million euros from siblings, travelling to... Published 30 Jan, 2022 04:04am
Print 16pc FED on service charges: Forex dealers asked to approach CCs ISLAMABAD: The Federal Board of Revenue (FBR) has asked the foreign exchange dealers to approach the relevant Chief... Updated 24 Jan, 2022 09:49am
Markets Turkey passes law exempting converted lira deposits from corporate tax ISTANBUL: Turkey's parliament approved a law late on Thursday under which lira deposits converted from foreign... Published 21 Jan, 2022 03:30pm
BR Research Tightening the noose around forex The SBP finally came up with tightening measures in foreign exchange transactions. Better late than never. Pakistan... Published 21 Dec, 2021 07:49am
Print Purchase of forex by individuals: SBP fixes $100,000 per person per year maximum limit KARACHI: The State Bank Pakistan (SBP) has fixed a maximum limit of $100,000 (or equivalent in other foreign... Updated 20 Dec, 2021 10:14am
Business & Finance Erdogan orders probe into Turkish lira’s slump ISTANBUL: Turkish President Tayyip Erdogan has ordered an investigation into possible currency manipulation after ... Published 28 Nov, 2021 05:38am
Markets State Bank of Pakistan conversion rates KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,... Published 13 Oct, 2021 04:47am