Special foreign currency accounts: SBP allows IT exporters to retain 35pc of proceeds KARACHI: In order to encourage IT companies and freelancers to bring their foreign exchange earnings into the... Updated 14 Jan, 2023 04:29pm
Business & Finance Issues related to foreign exchange to be addressed soon: SBP governor KARACHI: Governor of State Bank of Pakistan (SBP) Jameel Ahmad has assured the business community of resolving the... Updated 13 Jan, 2023 10:55am
Markets SBP-held foreign exchange reserves plunge another $1.23 bn, now stand at $4.3bn Lowest level of central bank reserves since February 2014 when they stood at $3.92bn Published 12 Jan, 2023 08:32pm
Business & Finance Dar says foreign exchange held with commercial banks property of citizens Finance minister rejects rumours of govt mulling seizing control of FCY funds held with commercial banks Updated 12 Jan, 2023 12:22am
Markets Edible oil shortage looms in Pakistan as dollar reserves fall Edible oil stocks for three weeks are left in the country as traders remained unsuccessful to secure Letters of... Updated 10 Jan, 2023 06:25pm
Print Govt criticised for allowing import of luxury cars KARACHI: The value-added textile exporters on Monday slammed the coalition government of Pakistan Democratic... Updated 10 Jan, 2023 09:06am
Business & Finance PTA highlights problems being faced by tanners KARACHI: Chairman, Pakistan Tanners Association (PTA), M Mehr Ali has appealed to the Prime Minister of Pakistan,... Published 07 Jan, 2023 07:33am
Print ST collected from consumers: Businesspeople urged to deposit entire amount in exchequer ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Thursday, urged upon the business... Updated 06 Jan, 2023 09:03am
Markets Gap between inter-bank and ‘open’ market rates on FCY transactions widens to over Rs24 KARACHI: Customers using their cards (debit or credit) to conduct foreign currency transactions will have to be... Published 05 Jan, 2023 05:58am
Opinion Pakistan: a state and its citizens in state of denial – II History cannot be undone; however, the complacency that crept in can somehow be brought to the surface. Given the... Updated 05 Jan, 2023 06:32am
Business & Finance Nigerian, Kenyan, Zambian and Ugandan currencies seen weakening NAIROBI: The Nigerian, Kenyan, Zambian and Ugandan currencies are seen weakening in the week to Thursday, due to... Published 02 Jan, 2023 05:54am
Markets Rupee ends last session of 2022 on a losing note against US dollar Currency closes the year at 226.43 in inter-bank market Updated 30 Dec, 2022 08:50pm
Business & Finance Bostan explains how hundi/hawala business gets a huge boost KARACH: Exchange Companies Association of Pakistan (ECAP) President Malik Bostan Monday said that black marketing of... Published 27 Dec, 2022 07:10am
Business & Finance Turkish lira steps back from record low against dollar ISTANBUL: Turkey’s lira briefly touched a record low of 18.8440 against the dollar early on Monday during low... Published 27 Dec, 2022 06:07am
Markets Bostan says Pakistan hemorrhaging dollars owing to smuggling and trade with Afghanistan KARACHI: Malik Muhammad Bostan, president of the Forex Association of Pakistan, claimed on Monday that the country... Published 26 Dec, 2022 10:01pm
Markets Rupee registers fifth consecutive loss against US dollar Currency settles at 225.82 in inter-bank market on Monday Updated 26 Dec, 2022 09:55pm
Markets Rupee remains under stress against US dollar Currency settles at 225.64 in inter-bank market Updated 23 Dec, 2022 07:51pm
Print Around 6pc growth: What did FY22 experience bring to the fore? KARACHI: Pakistan’s economy achieved a real GDP growth of around 6 percent, for a second consecutive year in FY22,... Updated 22 Dec, 2022 09:42am
Pakistan ‘Politically-exposed’ persons facilitate smuggling: As yet no mechanism in place to effectively curb forex outflows LAHORE: Changes in law and tax provisions have failed to provide mechanism to control unauthorized foreign currency... Updated 17 Dec, 2022 01:07pm
BR Research LSM: The slide deepens Large Scale Manufacturing went down 7.75 percent year-on-year for October 2022. That is the sharpest October drop... Published 16 Dec, 2022 09:01am
Business & Finance PBF exhorts SBP to stop rupee devaluation KARACHI: The consistent depreciation of the rupee is deepening the economic crisis in the country, said the Pakistan... Published 16 Dec, 2022 05:58am
Opinion IMF policy needs a serious rethink The first major jolt to the International Monetary Fund’s (IMF’s) thinking regarding pursuing austerity policy... Published 16 Dec, 2022 05:58am
Markets SBP-held foreign exchange reserves fall another $15mn, now stand at $6.7bn Reserves at their lowest level since January 2019 Published 15 Dec, 2022 07:42pm
Print Consignments stuck at ports: MoC to hold talks with SBP ISLAMABAD: Commerce Ministry has decided to hold a detailed meeting with State Bank of Pakistan (SBP) to sort issues... Updated 15 Dec, 2022 09:57am
Print Economy: Dar, others take stock of situation ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired an inter-ministerial meeting... Updated 10 Dec, 2022 09:53am
Print ECs: SBP further tightening data reporting mechanism KARACHI: The State Bank of Pakistan (SBP) is further tightening the data reporting mechanism for Exchange Companies... Updated 10 Dec, 2022 09:58am
Pakistan Ishaq Dar directs measures to stop cross-border dollar smuggling Finance minister stresses need for coordination among all necessary platforms to curb smuggling of foreign exchange and other items Updated 09 Dec, 2022 08:52pm
Opinion Pakistan: renewable power only solution The International Energy Agency has come up with a highly positive news. According to it, the energy crisis is... Published 08 Dec, 2022 06:38am
Opinion Oily matters – I Pakistan’s oil imports are the biggest drain on foreign exchange. Current year’s oil import bill has been... Published 08 Dec, 2022 06:10am
Print Vegetables: 400 containers stuck at seaport: PFVA KARACHI: Over 400 containers of imported vegetables are stuck at seaport due to non-availability of foreign ... Updated 07 Dec, 2022 09:50am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?