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
Print KSA extends term for $3bn deposit in SBP KARACHI: Kingdom of Saudi Arabia (KSA) has extended term for a $3 billion deposit in the State Bank of Pakistan to... Published 03 Dec, 2022 06:30am
Business & Finance Saudi Arabia extends term of $3bn deposit: SBP SBP says extension is continuation of support provided by Saudi Arabia to Pakistan Updated 02 Dec, 2022 08:46pm
Markets Rupee remains stable at 223.95 against US dollar The currency faced minor fluctuations throughout the trading session Updated 29 Nov, 2022 09:16pm
Business & Finance BMP urges govt to ‘rescue’ economy, as currency crisis deepens LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce & Industry has asked the... Published 28 Nov, 2022 05:48am
Business & Finance Payments to Google: SBP rejects allegations KARACHI: Recent news circulating in some sections of the media that certain payments to Google are stuck at the... Updated 27 Nov, 2022 09:43am
Opinion Maritime sector Even after 75 years since its creation, Pakistan has never paid its utmost attention to its maritime sector. The ... Published 23 Nov, 2022 05:55am
Business & Finance Rouble holds between 60-61 vs dollar MOSCOW: The Russian rouble traded in a narrow range against the dollar on Friday, weighed down by oil prices... Published 21 Nov, 2022 05:59am
Editorials Dip in remittances EDITORIAL: Remittance inflows, a desired form of inflows like exports, declined to 9,900.5 million dollars... Published 18 Nov, 2022 05:53am