Trade with Afghanistan: PAJCCI lauds waiver of EIF, E-Form till June 30 KARACHI: Keeping recent concerns of business communities across border as communicated to Pakistan-Afghanistan Joint... Published 03 May, 2022 03:47am
Print Inward home remittances: ECs can maintain separate forex accounts for each MTO: SBP KARACHI: The State Bank of Pakistan (SBP) has allowed the Exchange Companies (ECs) to maintain separate foreign... Updated 01 May, 2022 09:05am
Markets Rupee registers marginal fall against US dollar Falls 0.03% in inter-bank market on Saturday Updated 30 Apr, 2022 05:00pm
Markets Foreign exchange reserves held by SBP fall $328mn, now stand at $10.56bn Central bank says reserves have decreased due to external debt repayments Published 28 Apr, 2022 08:02pm
Business & Finance UBL earns Rs15.8bn PBT in Q1’22 as strong momentum continues with 30pc growth KARACHI: UBL declared profit before tax (PBT) of Rs 15.8 billion for the quarter ended March 31, 2022, which... Published 22 Apr, 2022 05:36am
Markets SBP's reserves fall another $470mn, now stand at $10.85bn State Bank says reserves fell due to external debt repayments Updated 14 Apr, 2022 06:50pm
Opinion Economic impasse — yet again The political impasse triggered by the Deputy Speaker’s 3 April ruling dismissing the no-confidence motion against... Published 11 Apr, 2022 05:23am
Business & Finance SBP-held foreign exchange reserves fall another $728mn Debt repayment and government payment pertaining to settlement of an arbitration award related to a mining project reasons behind fall, says central bank Updated 07 Apr, 2022 07:38pm
Print Investors to lodge appeal in multi-billion forex action LONDON: The team behind a proposed multi-billion pound claim against major banks over alleged foreign exchange... Published 02 Apr, 2022 04:14am
Markets Repayment of syndicated loan facility from China: SBP reserves fall massive $2.915 billion SBP says rollover of this syndicated facility is being processed and expected shortly Published 31 Mar, 2022 07:50pm
Markets SBP's foreign exchange reserves fall to lowest level in almost a year Decrease $869mn on a weekly basis due to external debt and other payments, says central bank Updated 24 Mar, 2022 09:28pm
Business & Finance Dollar edges lower as traders eye Fed, Russia-Ukraine talks NEW YORK: The dollar edged lower against a basket of currencies on Monday, but held near a 21-month high hit last... Updated 15 Mar, 2022 06:34am
BR Research Remittances resilient? The significance of remittances never declines for Pakistan, and substantial hopes are pinned to these foreign... Published 14 Mar, 2022 05:47am
Business & Finance Textile exporters welcome industrial package FAISALABAD: Textile exporters have welcomed the industrial package focused on industrialization, foreign exchange... Published 04 Mar, 2022 04:37am
BR Research CAD chronicles The current account deficit at $2.6 billion in Jan-22 is the highest ever recorded number. The toll is at $11.6... Published 28 Feb, 2022 08:09am
Pakistan Thar coal can be used in line with environmental, climate objectives, media told KARACHI: Ahmed Muneeb, General Manager Admin and External Affairs, Sindh Engro Coal Mining Company (SECMC) has said... Published 24 Feb, 2022 06:34am
Opinion Transfer of foreign exchange — avoid ‘hawala’ Pakistan has always been short of foreign exchange and it will remain so in the unforeseeable future. However, on... Published 23 Feb, 2022 04:54am
Markets Sri Lanka seeks $35m to pay for urgent diesel imports COLOMBO/NEW DELHI: Sri Lanka is trying to arrange a payment of $35 million for a shipment of 40,000 tonnes of diesel... Published 22 Feb, 2022 04:43am
BR Research Have remittances peaked? Where the upward momentum in home remittances continues with 7MFY22 aggregate at all-time high of $18 billion up by... Published 15 Feb, 2022 08:25am
Pakistan Remittances decline 14.9% month-on-month, amount to $2.14bn in Jan SBP data shows total workers' remittances during 7MFY22 amount to $18bn, 9.1% higher Published 11 Feb, 2022 08:06pm
Print Foreign embassies: ADs can remit visa, document attestation fees: SBP KARACHI: The State Bank of Pakistan (SBP) has allowed Authorized Dealers to remit visa and document attestation fees... Updated 10 Feb, 2022 09:13am
Print Re1 for each USD surrender: SBP’s incentive scheme for ECs goes into effect KARACHI: The State Bank of Pakistan (SBP) has introduced new incentive scheme for the Exchange Companies, under ... Updated 05 Feb, 2022 09:35am
Print Exchange companies, dealers must integrate with online system: FBR ISLAMABAD: The Federal Board of Revenue (FBR) has made it mandatory for foreign exchange dealers/exchange companies... Updated 04 Feb, 2022 11:08am
Markets Post IMF approval: Rupee gains 0.51%, closes at highest level since December 1 Currency closes at 175.52 against US dollar on Thursday, registers fifth successive gain Updated 03 Feb, 2022 05:19pm
Print Export proceeds’ realization: SBP grants relaxation KARACHI: The State Bank of Pakistan (SBP) on Tuesday granted some relaxations, for bringing export payments in 120... Updated 02 Feb, 2022 09:32am
Business & Finance Small industrial units: PCJCCI makes valuable suggestion LAHORE: Wang Zihai President, Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has suggested that... Published 01 Feb, 2022 04:07am
Business & Finance Forex reserves fall sharply in three weeks KARACHI: The country’s foreign exchange reserves fell sharply over $1.5 billion in the first three weeks of ... Published 28 Jan, 2022 04:44am
Markets SBP-held forex reserves fall a massive $562mn, now stand at $17.04bn Reserves decrease due to external debt and other payments, says central bank Published 20 Jan, 2022 06:51pm
World Sri Lanka plans laws, fast-track measures to attract foreign exchange COLOMBO: Sri Lanka will introduce new laws to attract investments over the next three years while policies to ... Updated 18 Jan, 2022 03:11pm
Business & Finance FPCCI demands govt facilitate restoration of Pak-Afghan trade practices KARACHI: Mian Nasser Hyatt Maggo, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has... Published 14 Jan, 2022 07:45am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?