NAC approves FY22 5.97pc provisional growth rate ISLAMABAD: The National Accounts Committee (NAC) has approved 5.97 percent estimated provisional Gross Domestic... Updated 19 May, 2022 09:43am
Business & Finance FY22: Jul-Apr cement despatches fall 8.22pc to 44.3m tons LAHORE: Cement despatches (both domestic and exports) during the first 10 months of current financial year 2021-22... Published 10 May, 2022 06:20am
Print Addition of over Rs500bn to power circular debt: WB holds previous govt, Nepra responsible According to World Bank, power sector has long been a drag on the economy, providing unreliable service and contributing to large fiscal deficits Updated 06 May, 2022 12:57pm
Business & Finance First 9 months of FY22: Exports to Italy reach all-time high of $805m ISLAMABAD: Pakistan has posted a trade surplus of $372 million during the first nine months (July- March) of FY... Published 29 Apr, 2022 05:43am
Print March C/A deficit increases 98pc to $1.028bn MoM KARACHI: Pakistan’s current account deficit has increased to $1.028 billion in the month of March 2022 as compared... Published 24 Apr, 2022 05:36am
Business & Finance Jul-Mar FDI declines 2pc to $1.285bn YoY KARACHI: Foreign Direct Investment (FDI) witnessed negative growth and declined by two percent during the first nine... Published 20 Apr, 2022 05:12am
Print Remittances: $2.8bn record inflows received in March KARACHI: Inflows of workers’ remittances maintained unprecedented growth surging to $ 23 billion in the first nine... Published 15 Apr, 2022 05:29am
Business & Finance KPRA likely to collect Rs30bn in remaining period of FY22 PESHAWAR: Khyber Pakhtunkhwa Revenue Authority (KPRA) has collected revenue to the tune of Rs.21 billion during last... Published 28 Mar, 2022 07:13am
Print Feb C/A deficit dips 78pc MoM KARACHI: The country’s current account (C/A) deficit sharply declined by 78 percent during February 2022 compared... Updated 20 Mar, 2022 08:59am
Print Workers’ remittances cross $20bn mark KARACHI: Inflows of home remittances crossed $ 20 billion mark in the first eight months of this fiscal year ... Published 11 Mar, 2022 05:12am
Print Jul-Jan FDI posts 11pc growth YoY KARACHI: Foreign Direct Investment (FDI) posted 11 percent growth during the first seven months of this fiscal year... Updated 18 Feb, 2022 09:29am
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
Print SBP maintains rate at 9.75pc on fiscal tightening KARACHI: As per expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has maintained... Updated 25 Jan, 2022 09:27am
Print H1FY22 FDI jumps 20pc to $1.06bn YoY KARACHI: Foreign Direct Investment (FDI) into Pakistan rose by 20 percent during the first half of this fiscal year... Updated 19 Jan, 2022 09:28am
Print Govt debt hits historic high of Rs40.9trn KARACHI: The federal government’s total debt stocks rose to a historic level of Rs 40.9 trillion by the end of... Updated 06 Jan, 2022 09:34am
Print Foreign investors: Jul-Nov profit repatriation drops 16.5pc YoY KARACHI: Repatriation of profit and dividend by foreign investors fell by 16.5 percent during the first five months... Updated 30 Dec, 2021 10:02am
Opinion Increased agriculture lending That the State Bank of Pakistan has been playing a highly meaningful role under the leadership of Dr Reza Baqir is a... Published 22 Dec, 2021 06:13am
Print Rise in advance tax on cell phone users under consideration KARACHI: The federal government is considering increasing the advance tax on telecom users to earn more revenue.... Updated 21 Dec, 2021 09:52am
Print Jul-Nov remittances post 10pc growth YoY KARACHI: Inflows of home remittances posted a 10 percent growth during the first five months of this fiscal year,... Updated 14 Dec, 2021 10:06am
Opinion The MPS surprise State Bank of Pakistan (SBP) has made a surprise and aggressive move by increasing the policy rate by 150bps (basis... Published 21 Nov, 2021 04:19am
Print 4MFY22 YoY: Current account posts $5bn deficit on higher import bill On a month-on-months basis, deficit widened to $1.66 billion in October 2021 compared to $1.13 billion in September 2021 Updated 20 Nov, 2021 10:17am
Opinion PKR: managing common currency area The rupee slide in recent weeks suggests that the traditional arguments of elevated current account deficits, ... Updated 10 Nov, 2021 09:54am
Markets Federal govt’s debt stocks touch new high of Rs39.77trn KARACHI: The federal government’s total debt (domestic and external) stocks rose over Rs 1 trillion during the... Updated 06 Oct, 2021 07:35pm
Pakistan Healthcare sector allocated Rs21.7bn from FY22 PSDP ISLAMABAD: In the current fiscal year's Public Sector Development Programme (PSDP) 2021-2022, a sum of Rs21.7 ... Published 22 Sep, 2021 03:48am
Pakistan Upcoming policy: There will be incentives for refineries: experts KARACHI: The government is planning to table a new refinery policy after a gap of almost 23 years to provide... Updated 10 Sep, 2021 05:04pm
Print Current account posts $773m deficit in July Import payments for goods increased significantly by 51 percent to $5.396 billion in July 2021 Updated 21 Aug, 2021 11:02am
Print July FDI plunges 31pc YoY, clocks in at $90 million KARACHI: Pakistan fetched Foreign Direct Investment (FDI) amounting to $90 million in the first month of this fiscal... Updated 18 Aug, 2021 11:29am
Business & Finance Encouraged by 'positive developments', SBP keeps interest rate unchanged at 7% Growth projected to rise from 3.9 percent in FY21 to 4-5 percent this year, says central bank in monetary policy statement Economic recovery will be accompanied by external stability, adds SBP Updated 27 Jul, 2021 08:11pm
Opinion SBP’s economic outlook Going forward, in FY22, the economic momentum that became evident during FY21 is expected to strengthen further. The... Published 17 Jul, 2021 04:21am
Print SBP foresees surge in current account deficit, inflation Major downside risk to overall growth outlook for FY22 is the ongoing third and potentially additional waves of Covid-19 While remaining bounded, the current account deficit is expected to rise, mainly due to a further widening in the trade deficit Updated 17 Jul, 2021 10:35am