Govt body reviews energy situation: Diesel stocks provide about 24-day cover Updated 19 Mar, 2026 03:33pm Members apprised that refinery output is expected to improve as incoming cargoes are processed
Economic stability to strengthen over next 2 years: SBP Published 07 Feb, 2026 05:45am KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad on Friday expressed confidence that Pakistan’s ...
Local manufacturing of mobile phones declined by 4pc in 2023 Published 13 Feb, 2024 05:59am ISLAMABAD: Local manufacturing/assembling of mobile handsets declined by around four percent during the calendar ...
ADs allowed to make import advance payments without prior SBP approval Updated 01 Feb, 2024 09:42am KARACHI: The State Bank of Pakistan (SBP) has allowed Authorised Dealers (ADs) to make import advance payments,...
Rise in clearance of imports, exports Updated 22 Jul, 2023 06:40am EDITORIAL: The Federal Board of Revenue (FBR) during a meeting with a World Bank mission revealed that it increased...
Inward flows of dollars to create breathing space: ministry Updated 12 Jul, 2023 08:51am ISLAMABAD: The Ministry of Industries and Production (MoI&P) Tuesday said it is still clueless about lifting of...
Sufficient inflows of USD mandatory: Relaxation on retiring of LCs not ‘unrestrained’: official Updated 11 Jul, 2023 09:06am Information shared by Ministry of Industries and Production (MoI&P) informally with National Assembly Standing Committee on Industries and Production
Letters of credit: Banks asked to facilitate: Export-oriented sectors find favour with Dar Updated 22 May, 2023 05:34pm Finance minister reiterates government’s resolve to overcome challenges and set the economy towards growth
Atlas Honda announces another hike in motorcycle prices Published 29 Apr, 2023 09:16pm Increase as high as Rs15,000, applicable from May 1
Import of spare-parts: Hubco concerned at forex ‘unavailability’ Updated 18 Apr, 2023 09:05am The power company faces severe challenges in importing spare parts due to which it is restrained from undertaking timely maintenance to ensure capacity
Tech growth under threat in Pakistan due to inflation Published 15 Apr, 2023 09:57pm Inflation has hit every segment of Pakistan’s society and all income groups of the population are scrambling to cope...
LCs issue results in shortage of steel rebars Published 14 Feb, 2023 05:58am ISLAMABAD: The country is facing severe shortage of steel rebars due to the delay in the opening of the Letters of...
LC issue: PALSP threatens to shut down steel units Updated 23 Jan, 2023 09:18am ISLAMABAD: The documented steel sector will be forced to close down its units for an indefinite period in case the...
Karachi’s business community comes down hard on SBP governor Updated 18 Jan, 2023 07:57pm Demands resolution of LC crisis in meeting with central bank chief at KCCI
Soap manufacturers express concern over curbs on LCs Published 18 Jan, 2023 06:22am KARACHI: Pakistan Soap Manufacturers Association (PSMA) has expressed concern over the ongoing financial crisis, as...
LCs issue: CMOs likely to get force majeure for new projects Updated 17 Jan, 2023 08:55am ISLAMABAD: The government is likely to grant force majeure to cellular mobile operators (CMOs) for 10 new...
Edible oil: SBP, MoF urged to ask banks to open LCs Updated 06 Jan, 2023 09:12am ISLAMABAD: The edible oil industry has asked the State Bank of Pakistan (SBP) and Ministry of Finance to direct the...
No curbs on oil, LNG and POL products’ LCs: SBP Updated 02 Dec, 2022 09:47am KARACHI: The State Bank of Pakistan (SBP) has strongly rebutted placing any restriction on Letters of Credit (LCs)...
PRL barred from shutting down this month Updated 02 Dec, 2022 10:09am ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has barred Pakistan Refinery Limited (PRL) from shutting down...
Opening of L/Cs: PPIB urges SBP to facilitate IPPs Updated 31 Aug, 2022 09:51am ISLAMABAD: Private Power & Infrastructure Board (PPIB) has urged the State Bank of Pakistan (SBP) to facilitate...
High interest rate, delay in LCs opening hurting steel industry Updated 15 Aug, 2022 10:32am KARACHI: The country’s steel industry is facing a serious crisis due to higher interest rate and delay in opening...
Import of petroleum products: PSO receives Rs62bn for confirmation of LCs Updated 12 Aug, 2022 10:47am Issue pertaining to confirmation of LCs by local, international banks was resolved few weeks ago
Import of CKD kits: Auto sector seeks SBP intervention for opening LCs Updated 22 Jul, 2022 12:32pm ISLAMABAD: Auto manufacturers have sought intervention of the State Bank of Pakistan (SBP) for opening Letters of...