Critical level: SBP-held foreign exchange reserves down $754mn, now stand at $8.58bn Fall attributed to external debt, other payments, says central bank Updated 28 Jul, 2022 10:45pm
Business & Finance Forex reserves dip by $369m KARACHI: The country’s total liquid foreign reserves dropped by $369 million during the last week due to external... Published 22 Jul, 2022 07:07am
Print Non-availability of forex: CPHGC lands in hot water as SBP stops payments Suspension of payments causes it to default on payments to its coal suppliers Updated 22 Jul, 2022 09:38am
Markets Alarm bells: SBP-held foreign exchange reserves down $389mn, now stand at $9.33bn Fall attributed to external debt repayments, says central bank Published 21 Jul, 2022 08:43pm
Editorials Joblessness: Is the crisis for real? EDITORIAL: The economic activities are slowing down. Both monetary and fiscal policies are working by design under... Published 21 Jul, 2022 05:40am
Business & Finance Turkey’s lira tumbles to weakest since December 2021 ISTANBUL: The Turkish lira weakened to 17.579 against the dollar on Tuesday, as the strong US unit and concerns over... Published 20 Jul, 2022 05:48am
Print Fitch, too, revises outlook to negative Affirms Pakistan's long-term foreign-currency (LTFC) issuer default rating (IDR) at “B-” Updated 20 Jul, 2022 09:18am
Print Completion of EFF programme: ‘Pakistan’s ability remains highly uncertain’: Moody’s Entity says elevated inflation and higher cost of living are adding to social and political risks Updated 19 Jul, 2022 10:37am
Pakistan Pakistan to get $4bn from friendly countries to shore up reserves: Miftah Ismail Finance minister says $1.2bn will come in deferred oil payment, while a foreign country will invest $1.5 to $2bn in stocks on a G2G basis Published 16 Jul, 2022 08:12pm
Business & Finance Trade deficit biggest economic challenge for govt: FPCCI LAHORE: Irfan Iqbal Sheikh, President FPCCI, has said that curtailing trade deficit in the fiscal year 2022 – 23... Published 16 Jul, 2022 04:20am
Opinion The challenge of economic revival Pakistan’s macroeconomic imbalances have assumed dangerous proportions and the hope for economic recovery is yet ... Published 15 Jul, 2022 06:20am
Business & Finance Foreign exchange reserves down by $132m SBP-held reserves fell $99 million Updated 15 Jul, 2022 10:42am
Business & Finance Forex reserves fall by $453m KARACHI: The country’s total liquid foreign exchange reserves declined by $453 million to $ 15.742 billion at the... Published 08 Jul, 2022 07:21am
Print Coal, LNG import initiated for power generation: Miftah ISLAMABAD: Finance Minister Miftah Ismail Thursday expressed his optimism that there will be a substantial reduction... Updated 08 Jul, 2022 09:39am
Markets SBP-held foreign exchange reserves plunge again, now stand at $9.8bn Decrease comes on account of external debt repayments, says central bank Published 07 Jul, 2022 07:01pm
Opinion Should the SBP hike interest rates again? The State Bank of Pakistan (SBP) is due to announce its next monetary policy statement (MPS) on July 7th, 2022.... Published 06 Jul, 2022 05:35am
Print MPS tomorrow: Key policy rate likely to be hiked by 100bps KARACHI: The Monetary Policy Committee (MPC) of the State Bank Pakistan (SBP) will unveil monetary policy on July 7,... Updated 06 Jul, 2022 10:16am
Business & Finance FPCCI condemns hours-long load-shedding in Karachi KARACHI: Irfan Iqbal Sheikh, President FPCCI, has strongly condemned the unscheduled, unrestricted and destructive... Published 06 Jul, 2022 05:35am
Pakistan Agreements worth $11.362bn signed in 3 quarters of FY22 ISLAMABAD: The country has signed new agreements worth $11.362 billion as commitments during the first three ... Updated 05 Jul, 2022 09:54am
Business & Finance APAT wants immediate clearance of containers at Karachi port LAHORE: The All Pakistan Anjuman-e-Tajran (APAT) has demanded of Prime Minister Shehbaz Sharif to issue directions ... Published 05 Jul, 2022 05:19am
Markets PKR makes gains KARACHI: The rupee ended the previous week with a 1.3% gain against the US dollar in the inter-bank market as... Published 04 Jul, 2022 06:17am
Print Dastgir blames PTI govt for electricity shortages ISLAMABAD: Minister for Power, Khurram Dastgir said on Friday that the country is facing electricity problems due to... Updated 02 Jul, 2022 09:37am
Print Govt looking for best options to cut loadshedding, says PM ISLAMABAD: Prime Minister Shehbaz Sharif has accused the previous government of being responsible for the... Updated 02 Jul, 2022 09:38am
Opinion ‘Democracy didn’t work either’ This is apropos a Business Recorder op-ed ‘Democracy didn’t work either’ carried by the newspaper a week ago.... Published 01 Jul, 2022 06:13am
Editorials Energy: From Russia with love EDITORIAL: A Business Recorder exclusive notes that the Shehbaz Sharif-led government has begun to consider ... Updated 28 Jun, 2022 08:06am
Opinion Our situation is not much different from Sri Lanka’s? It was not very long ago that Federal Finance Minister Miftah Ismail said the government would try its level best ... Published 27 Jun, 2022 06:06am
Markets PKR loses its value in four of five sessions KARACHI: The rupee closed last week with a 0.61% gain against the US dollar, but not before it had plummeted to its... Published 27 Jun, 2022 06:06am
Pakistan Loan of $2.3bn from China credited into SBP account, says Miftah Ismail SBP also confirms it has received the Chinese consortium loan Assistance expected to lend support to dwindling foreign exchange reserves Updated 24 Jun, 2022 08:41pm
Business & Finance Forex reserves down $733m on debt servicing KARACHI: The country’s total liquid foreign exchange reserves further declined by $733 million in a week due to... Published 24 Jun, 2022 06:15am
Markets Critical level: SBP-held foreign exchange reserves plummet to $8.24bn Massive decrease of $748mn occurs on a weekly basis SBP says reserves expected to increase in coming days on realisation of proceeds of CDB loan Published 23 Jun, 2022 07:34pm