Rupee now stronger in open market than in inter-bank market: ECAP data At the end of trading, Exchange Companies Association of Pakistan quotes rates at Rs297 and Rs300 for buying and selling, respectively Updated 11 Sep, 2023 05:46pm
Markets Inter-bank market: rupee continues to post gains against US dollar Currency settles at 301.16, an appreciation of 0.59% in inter-bank market Updated 11 Sep, 2023 06:28pm
Opinion Price hike, inflation challenges The price hike and prohibitive inflation are exacting their toll on people in an unprecedented manner. The food... Published 09 Sep, 2023 06:20am
Print Move to promote Islamic mode of financing: MoF proposes draft amendments to MTBs, Ijara Sukuk rules ISLAMABAD: The Finance Ministry has proposed draft amendments to Pakistan Market Treasury Bills and Ijara Sukuk... Updated 09 Sep, 2023 09:28am
Business & Finance SBP suspends authorisation of exchange firm KARACHI: The State Bank of Pakistan (SBP) has suspended the authorisation of an Exchange Company of ‘B’... Updated 09 Sep, 2023 01:22pm
Print Finance minister says govt to go for rollover of deposits Says it was important to remove import restrictions across the board since Pakistan was an import-intensive country Updated 09 Sep, 2023 02:30pm
Business & Finance Another brokerage house expects 200bps hike in key policy rate Topline Securities also sees PKR/USD in inter-bank market to be in range of Rs320-340 by June 2024 Published 08 Sep, 2023 05:37pm
Print ECs all praise for army chief KARACHI: There are reports that exchange companies (ECs) have surrendered $ 20 million to the interbank market... Updated 08 Sep, 2023 09:34am
Editorials Forex market has lost its moorings? EDITORIAL: There was too much chaos in multiple forex markets in the last few days and weeks. It all started with ... Published 08 Sep, 2023 06:01am
Markets SBP-held foreign exchange reserves drop by $70mn, now stand at $7.78bn Debt repayments and lack of fresh inflows put pressure on dollar stockpile Updated 07 Sep, 2023 07:53pm
Business & Finance Brokerage house sees interest-rate hike of 150bps as inflation bites Arif Habib Limited says SBP might consider increasing interest rates as a precautionary measure to address persistently high levels of inflation Updated 07 Sep, 2023 03:50pm
Markets Inter-bank market: rupee gains further, settles at 304.94 against US dollar Currency appreciates 0.67% in inter-bank market Updated 07 Sep, 2023 06:32pm
Opinion Bad news for Asian FX, esp PKR Pakistani monetary authorities can only count their sorrows as King Dollar’s unrelenting advance pushes Asian... Published 07 Sep, 2023 06:21am
Business & Finance Textile export boost key to economic revival: TMA KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan has expressed... Published 07 Sep, 2023 06:21am
Business & Finance Import of used cars crippling local auto industry: IMC chief LAHORE: Chief Executive Indus Motor Company (IMC), Ali Asghar Jamali has lamented that total used car imports have... Published 07 Sep, 2023 06:21am
Business & Finance SBP extends deadline for encashment of prize bonds KARACHI: The State Bank of Pakistan (SBP) has announced the extension in last date for... Published 07 Sep, 2023 06:21am
Print Exchange companies sector: MCR enhanced to Rs500m as SBP introduces major reforms KARACHI: The State Bank of Pakistan (SBP), introducing the structural reforms for the Exchange Companies, on... Updated 07 Sep, 2023 09:17am
Markets SBP wants banks engaged in forex business to establish wholly-owned Exchange Companies Amid rupee's freefall in open market, SBP moves to introduce structural reforms in sector Updated 06 Sep, 2023 11:41pm
Print ECAP resents deployment of LEAs’ personnel at exchange cos KARACHI: The Exchange Companies Association of Pakistan (ECAP) has opposed deployment of personnel of law... Updated 06 Sep, 2023 10:54am
Markets Inter-bank: rupee sees marginal decline against US dollar Currency settles at 305.64 in inter-bank market Updated 04 Sep, 2023 08:21pm
Opinion Economic policy needs a hard reset The present currency crisis in Pakistan is unprecedented. PKR has depreciated against USD from 180 to 305 since ... Published 04 Sep, 2023 06:21am
Print Effective today: No Raast services for 2 days due to system upgradation: SBP KARACHI: The State Bank of Pakistan (SBP) has announced that Raast services will remain unavailable for two days due... Updated 03 Sep, 2023 09:37am
Business & Finance LCCI urges govt to help arrest ‘dollar flight’ LAHORE: The Lahore Chamber of Commerce and Industry has urged the government to control the dollar flight besides... Published 03 Sep, 2023 02:59am
Business & Finance MPC meeting: SBP refutes reports KARACHI: The State Bank of Pakistan (SBP) has denied the reports of calling an emergency monetary policy meeting and... Published 02 Sep, 2023 06:53am
Business & Finance SBP says emergency MPC meeting reports baseless Central bank says premature to forecast future policy rate Updated 01 Sep, 2023 02:25pm
Markets SBP-held foreign exchange reserves decrease further by $81mn, now stand at $7.85bn Debt repayments and lack of fresh inflows put pressure on dollar stockpile Published 31 Aug, 2023 07:44pm
Markets Analysts expect rate hike of up to 300bps in SBP’s monetary policy announcement High inflation and currency depreciation seen as reasons behind expected increase in key policy rate Updated 31 Aug, 2023 07:28pm
Technology Umar Saif expresses wish to bring PayPal, stripe payment gateways to Pakistan If the authorities facilitate us, I can increase the IT industry's size from $2.6 billion to $3.5 billion in a couple of months, says caretaker IT minister Updated 31 Aug, 2023 05:37pm
Opinion Acting on autopilot From 13.25% policy rate in 2020 to all time high of 22% in 2023, the state of Pakistan’s economy still seems to... Published 31 Aug, 2023 06:00am
Print Shamshad informs Senate body: No ‘fiscal space available’ for subsidies ISLAMABAD: The members of the Senate Standing Committee on Finance demanded of the government to withdraw seven... Updated 31 Aug, 2023 09:25am