FX reserves rise by $66m to $3.258bn KARACHI: The total liquid foreign reserves held by State Bank of Pakistan (SBP) increased by $ 66 million to $ 3.258... Published 24 Feb, 2023 06:00am
Business & Finance Capital market in 2023: Low PE will continue due to external debt, political noise: Topline KARACHI: Pakistan market performance in 2023 will continue to remain dull, mainly due to Pakistan’s external debt... Updated 21 Dec, 2022 09:57am
Print FX reserves may rise in H2FY23: All debt repayments on track, says SBP governor KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Thursday said all debt repayments are on track and the... Updated 09 Dec, 2022 09:30am
Print Pakistan faces currency crisis danger: Nomura Nomura warns that Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary are also at a high risk of currency crises Updated 23 Nov, 2022 09:38am
Markets SBP-held foreign exchange reserves decline $176mn to $8.62bn Central bank says decrease due to external debt, other payments Published 15 Sep, 2022 07:21pm
Markets Remittance inflow stands at $2.72bn in August, increases 7.9% month-on-month Saudi Arabia remains most significant contributor to workers’ remittances with $692mn in August 2022 Updated 13 Sep, 2022 12:27pm
Business & Finance Volatility in exchange rates: BMP underscores need for strict monitoring of banks, money market LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has asked the... Published 06 Aug, 2022 04:02am
Business & Finance Asia posts biggest 6-month drop in FX reserves since 2015-16 SINGAPORE: Foreign exchange reserves in Asia have recorded their biggest six-month decline in years, a testament to... Published 02 Aug, 2022 05:36am
Business & Finance India cenbank “correct” to use FX reserves to tackle rupee volatility MUMBAI: The Reserve Bank of India (RBI) is justified in using the country’s foreign exchange reserves to smooth ... Published 26 Jul, 2022 04:31am
Pakistan Fitch downgrades Pakistan’s outlook to negative, sees 'considerable risks' to IMF programme Renewed political volatility could undermine authorities' fiscal and external adjustment, it says Updated 19 Jul, 2022 03:34pm
World The big default? Dozen countries including Pakistan in danger zone LONDON: Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves... Updated 16 Jul, 2022 04:44pm
Markets Roshan Digital Accounts: inflow clocks in at $250mn in June, up 32% month-on-month Cumulative inflow reaches $4.606 billion in 22 months since start of programme SBP says $800mn repatriated by RDA holders during this period Updated 05 Jul, 2022 08:00pm
Opinion How can Pakistan avoid Sri Lanka’s path? Pakistan continues to burn its foreign exchange at an alarming rate and is exhausting all of its hopes to turn ... Published 29 Jun, 2022 05:44am
Markets Rupee's winning streak against US dollar comes to an end amid negative economic developments Currency appreciated for five successive sessions in inter-bank market before losing value on Friday Updated 03 Jun, 2022 08:15pm
Business & Finance IMF programme resumption only way for economic stability: Pakistan Business Council Warns inaction will entail serious consequences bordering those in Sri Lanka Updated 17 May, 2022 09:05pm
Markets SBP-held foreign exchange reserves fall another $190mn, now stand at $10.31bn Total reserves held by Pakistan stand at $16.38bn Published 12 May, 2022 10:36pm
Business & Finance Kuwaiti companies planning $750mn projects in Pakistan: report Propose building a hydrogen plant and two smart cities Updated 02 May, 2022 03:19pm
Business & Finance China cuts banks’ FX reserve ratio to support yuan SHANGHAI/SINGAPORE: China’s central bank said on Monday it would cut the amount of foreign exchange banks must ... Published 26 Apr, 2022 05:20am
Pakistan SBP governor confident recent measures will help market sentiment Says falling foreign exchange reserves concerning, but central bank has moved to arrest deterioration Updated 09 Apr, 2022 07:43pm
Print Cement exports: Manufacturers, revenue collection, FX reserves affected badly by decline LAHORE: Steep decline in cement exports is hurting not only the cement manufacturers but also the government’s... Updated 07 Apr, 2022 11:03am
World Afghan central bank says US plan for frozen funds an ‘injustice’ KABUL: Afghanistan’s central bank on Saturday criticised Washington’s plan to use half the bank’s $7 billion ... Published 13 Feb, 2022 05:48am
Business & Finance Turkish cenbank’s net FX reserves surge to $16.33bn ISTANBUL: The Turkish central bank’s net international reserves leapt $5.8 billion last week to $16.33 billion as... Published 11 Feb, 2022 04:31am
Markets SBP's foreign exchange reserves up $2.6bn State Bank of Pakistan's reserves increase by $2,647.9 million to $ 18.66 billion Updated 10 Dec, 2021 05:06pm
Business & Finance Pakistan's net international reserves set to increase: SBP governor Dr Reza Baqir says IMF's newly-approved SDR allocation could not have come at a better time for Pakistan that is in recovery mode No alarm bells for Pakistan's economy, adds central bank chief Updated 13 Aug, 2021 07:21pm
Markets Pakistan's foreign exchange reserves fall to $24.644 billion Fall attributed to debt repayments and vaccine procurement Published 12 Aug, 2021 08:06pm
Markets Pakistan's foreign exchange reserves fall to $24.875 billion Reserves fall over $250 million on a weekly basis, according to data released by the SBP Published 29 Jul, 2021 08:35pm
Business & Finance Turkish central bank's net FX reserves rise to $20.91bn They plunged in 2019-2020 as state banks sold off $128 billion to stabilise the lira, which still fell 20% in 2020. Bank's outstanding swap transactions stood at $44.689 billion as of Wednesday. Published 01 Jul, 2021 04:50pm
Business & Finance Pakistan's foreign exchange reserves fall to $23.26 billion Reserves held with SBP fall $311 million Fall attributed to external debt repayments Published 24 Jun, 2021 06:11pm
JP Morgan puts weight behind Pakistan's economy, but cautions over challenges In its report, 'Pakistan: Reassessing the investment thesis', JP Morgan says impact of remittances to fade in coming months Updated 10 Jun, 2021 09:47pm
Business & Finance Pakistan's foreign exchange reserves reach $23.6 billion SBP receives proceeds from Green Eurobond, reserves held by central bank reach $16.4 billon Published 10 Jun, 2021 06:32pm