Back to losing ways: SBP-held forex reserves fall $354mn, now stand at $4.2bn Decrease comes due to external debt repayment Updated 30 Mar, 2023 08:18pm
Print IMF’s ingenious approach the only hurdle to bailout Minister of State for Finance Dr Aisha Ghaus-Pasha says the fund wants to independently verify commitments from friendly countries Updated 30 Mar, 2023 09:27am
Business & Finance Collection of govt duties, taxes: Banks to observe extended hours on 30th & 31st KARACHI: The State Bank of Pakistan (SBP) Wednesday announced all branches of banks and field offices of SBP Banking... Published 30 Mar, 2023 06:35am
Print July 1-March 11: Rs2.6trn borrowed for budgetary support KARACHI: The cash-strapped federal government borrowed over Rs2.6 trillion from the banking system for budgetary... Updated 29 Mar, 2023 09:07am
Print Remittances: APL says can invoke force majeure ISLAMABAD: M/s Atlas Power Limited (APL) has warned the government that it would announce force majeure under the... Updated 29 Mar, 2023 09:03am
BR Research SBP move leaves fintechs baffled SBP has recently made some changes in the fee and cost structure of payments associated with cards (debit and... Published 28 Mar, 2023 08:56am
Opinion The economic malaise Pakistan today faces the worst financial crisis in its 75-year history. This is attributable to both long-term ... Updated 28 Mar, 2023 06:52am
Print FBR implements ‘blue channel facility’ ISLAMABAD: The Federal Board of Revenue (FBR) has implemented the “Blue Channel facility” under the Risk... Updated 28 Mar, 2023 08:47am
Print Tax evasion: FBR admits it lacks capacity to analyse big data ISLAMABAD: The Federal Board of Revenue (FBR) has admitted that the tax machinery lacks the capacity to analyse big... Updated 28 Mar, 2023 08:46am
Print Jul-Feb repatriation of profit, dividend plunge 80pc YoY: Import curbs hurt investors in equal measure State Bank of Pakistan says foreign investors repatriated $225.1 million during July-Feb of FY23 Updated 28 Mar, 2023 08:53am
Markets Rupee falls against US dollar, settles at 283.58 Currency depreciates 0.13% in inter-bank market Updated 27 Mar, 2023 08:03pm
Opinion The IMF-govt trust deficit The Pakistani public is being subjected to extremely disturbing macroeconomic indicators with each subsequent update... Published 27 Mar, 2023 06:15am
Opinion Stop blaming the IMF! It has been forty days since the IMF’s (International Monetary Fund’s) technical talks concluded, but there have... Published 27 Mar, 2023 06:15am
Business & Finance SBP urged to adopt accommodative policy stance LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) on Sunday urged the... Published 27 Mar, 2023 06:15am
Opinion The challenge of rising interest rates While inflation has become a major topic for debate in today’s world politics, it is actually a tale as old as... Published 26 Mar, 2023 03:19am
Print PSA seeks annual limit of $800m for solar imports ISLAMABAD: The Pakistan Solar Association (PSA) has sought an annual limit of $ 800 million for import of solar... Updated 26 Mar, 2023 10:25am
Pakistan Hajj applications: Authorised banks to remain open on Saturday, Sunday KARACHI: The State Bank of Pakistan (SBP) has announced that branches of authorized banks to remain open on Saturday... Published 25 Mar, 2023 06:25am
Print Cash margin requirement on goods import removed KARACHI: The State Bank of Pakistan (SBP) Friday announced the removal of Cash Margin Requirement (CMR) on import of... Updated 25 Mar, 2023 08:49am
Print Non-residents: REIT RMCs allowed to issue units thru private placements KARACHI: The State Bank of Pakistan (SBP) has granted general permission to Real Estate Investment Trust (REIT)... Updated 25 Mar, 2023 08:46am
Business & Finance 50pc information & telecom sector exports undocumented: Ministry ISLAMABAD: The Ministry of Information Technology and Telecommunication, on Friday, revealed that of the total $5... Published 25 Mar, 2023 06:25am
Print Forex reserves cross $10bn mark KARACHI: The country‘s total liquid foreign exchange reserves crossed the $10 billion mark supported by foreign... Updated 25 Mar, 2023 08:50am
Markets SBP-held forex reserves increase $280mn, now stand at $4.6bn This is the sixth successive increase in reserves on a weekly basis Updated 24 Mar, 2023 05:08pm
Business & Finance Import restrictions: Indus Motor suspends production again This is Indus Motor’s second announcement of production closure this year Updated 24 Mar, 2023 04:36pm
Editorials Back to basics EDITORIAL: Of all the ideas being tossed around these days, from all quarters, to control deficits and rescue the... Published 24 Mar, 2023 05:55am
Print Likely hike in policy rate: T-bills RoR soars to 22pc KARACHI: Rate of return on short-term government papers rose to 22 percent on expected hike in the key policy rate ... Updated 24 Mar, 2023 08:53am
Print Clearance of SME Bank depositors’ liabilities: Rs5.557bn savings from closed ADB FMGP project loan to be used ISLAMABAD: The federal government has decided to use funds of Rs 5.557 billion savings from the closed ADB Financial... Updated 24 Mar, 2023 08:50am
Sports ‘Inter-Bank Regional Cricket Tournament’: Sindh Bank crowned champions KARACHI: The finals of the 19th Governor Cup 2023 Inter Bank Regional Cricket Tournament of Karachi Region was held... Published 23 Mar, 2023 05:47am
Pakistan Banking hours in Ramazan KARACHI: The State Bank of Pakistan (SBP) has announced office and business hours for the Month of Ramazan ul ... Updated 23 Mar, 2023 06:15am
Business & Finance Import restrictions: Bannu Woollen Mills shuts production for 6 weeks Cites current economic situation and its effect on the ability of the banks to open LCs for import of raw materials as reason Updated 22 Mar, 2023 09:32pm
Business & Finance Bank holiday KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Friday, March 24, 2023, which... Published 22 Mar, 2023 07:41am