Thar coal mine expansion SECMC (Sindh Engro Coal Mining Company) has filed a tariff petition for expanding its capacity. This is a third... Published 17 May, 2023 06:22am
Print Second consecutive month: Pakistan posts $18m current account surplus in April KARACHI: For the second consecutive month, Pakistan has posted a current account surplus in April 2023 mainly due to... Updated 17 May, 2023 09:52am
Business & Finance FPCCI chief urges SBP to remove lien marking immediately KARACHI: Irfan Iqbal Sheikh, President FPCCI, has urged the State Bank of Pakistan to immediately discontinue the 3... Published 09 May, 2023 05:37am
Business & Finance Rules violation: SBP cancel EC’s licence KARACHI: The State Bank or Pakistan (SBP) has announced cancellation of the licence issued to M/s Mega Currency... Published 04 May, 2023 04:26am
Business & Finance Foreign investors: Jul-Mar profit repatriation plunges 82pc to $233.1m YoY KARACHI: The repatriation of profit and dividend by foreign investors continued to post negative growth and plunged... Updated 28 Apr, 2023 08:48am
Print SECMC’s forex-related issues: Sindh seeks Dar’s support ISLAMABAD: The Government of Sindh (GoS) has sought Finance Minister’s help for opening of LCs and remittances for... Updated 26 Apr, 2023 08:50am
Markets On back of another loan, SBP-held forex reserves rise $394mn, now stand at $4.43bn Increase comes due to receipt of $300mn commercial loan from ICBC Published 20 Apr, 2023 05:35pm
Business & Finance TAAP team meets FPCCI chief: ‘Massive mismanagement in forex blocks remittance of airlines’ proceeds since 10 months’ KARACHI: Irfan Iqbal Sheikh, President FPCCI, has apprised the federal government, State Bank, Civil Aviation... Published 20 Apr, 2023 06:30am
Print Import of spare-parts: Hubco concerned at forex ‘unavailability’ The power company faces severe challenges in importing spare parts due to which it is restrained from undertaking timely maintenance to ensure capacity Updated 18 Apr, 2023 09:05am
Print Core banking systems: SBP asks banks to submit FERs data KARACHI: The State Bank of Pakistan (SBP) has asked banks to submit data of Foreign Exchange Returns (FERs) prepared... Updated 13 Apr, 2023 08:49am
Print MoC shares its financial woes with Senate panel Says budget and foreign exchange availability from SBP have choked its efforts for improvement Updated 08 Apr, 2023 01:49pm
Print $3bn loan at zero interest rate: NA panel asks SBP to submit list of 600 borrowers ISLAMABAD: The National Assembly Standing Committee on Finance, Thursday, directed the State Bank of Pakistan (SBP)... Updated 07 Apr, 2023 08:49am
Business & Finance Average inflation projected at 27.5pc: Growth likely to decelerate to 0.6pc: ADB ISLAMABAD: Pakistan’s GDP growth is expected to decelerate significantly to 0.6 per cent in the fiscal year 2023... Published 05 Apr, 2023 06:16am
Markets SBP raises key policy rate by 100 basis points, takes it to 21% MPC statement says there are early indications of inflation expectations plateauing, albeit at an elevated level Updated 04 Apr, 2023 07:32pm
Print If not effected, up to 9pc of amount to be marked as lien: SBP asks exporters to bring in delayed proceeds by 30th KARACHI: The State Bank of Pakistan (SBP) Friday asked exporters to bring delayed export proceeds to Pakistan by... Updated 01 Apr, 2023 08:50am
Print Forex buyers, sellers: Senate panel urged to remove CNIC-video condition ISLAMABAD: Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan Wednesday suggested to the Senate... Updated 30 Mar, 2023 08:27am
Business & Finance Declining foreign investment: Experts discuss impact of legal system flaws KARACHI: The government needs to take urgent measures to stem declining foreign investment into the country and a ... Published 30 Mar, 2023 06:35am
Markets Adjustment of foreign exchange losses: Serious flaws in Ogra policy pointed out LAHORE: The stakeholders of the oil sector have pointed out serious flaws in the policy of the Oil and Gas ... Published 27 Mar, 2023 06:15am
Print IPPs: Power Div asked to resolve payment issues on priority basis ISLAMABAD: Prime Minister’s Office (PMO) has asked Power Division to convene a meeting of Steering Committee on... Updated 22 Mar, 2023 08:59am
Markets Remittances clock in at $2bn in February, down 9.5% on a yearly basis Inflow, however, recovers marginally on month-on-month basis Updated 10 Mar, 2023 07:17pm
Business & Finance Containers stuck at ports: ECC seeks report on waiver of storage charges ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Ministry of Maritime Affairs (MOMA)... Updated 09 Mar, 2023 08:53am
Print Forex manipulation: SBP governor says probe against banks completed ISLAMABAD: Governor of the State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said that the inquiry report... Updated 09 Mar, 2023 08:55am
Print Rs12bn will be given for 7th Census: ECC approves Hajj Policy 2023 with $90m forex cover ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the Hajj Policy for 2023 with... Updated 07 Mar, 2023 08:50am
Business & Finance SBP expedites proceedings against exporters for realisation of e-forms LAHORE: The State Bank of Pakistan (SBP) has expedited proceedings against exporters for realization of E-forms by... Published 04 Mar, 2023 06:50am
Print Charges on stuck cargoes waived off: ECC approves uniform wheat support price ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a uniform procurement price of ... Updated 02 Mar, 2023 09:19am
Opinion The exchange rate: a steady hum of discontent No economic variable captures the popular imagination in Pakistan more than the exchange rate. After Pakistan moved... Published 28 Feb, 2023 06:15am
Print FBR asks Customs to deposit confiscated foreign currencies in NBP ISLAMABAD: The Federal Board of Revenue (FBR) has directed the customs authorities to deposit the confiscated ... Updated 27 Feb, 2023 08:41am
Print Equipment import: IPPs seek amendment to SBP’s circular ISLAMABAD: Independent Power Producers (IPPs) have sought amendment to State Bank of Pakistan (SBP) Circular of... Updated 25 Feb, 2023 09:00am
Markets Minor relief: SBP-held foreign exchange reserves rise $66mn, now stand at $3.26bn This is the second successive weekly increase in central bank's reserves Published 23 Feb, 2023 07:40pm
Print Forex reserves to get much-needed boost: China lends a hand amid IMF procrastination Board of China Development Bank approves facility of $700 million Updated 23 Feb, 2023 09:24am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees