PM briefs IMF chief, hopes for release of stalled funds PARIS: Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina... Published 23 Jun, 2023 06:00am
Print Pakistan receives another $300m from China KARACHI: The country’s total liquid foreign exchange reserves fell by $515 million during the last week, mainly due... Updated 23 Jun, 2023 08:55am
Markets SBP-held foreign exchange reserves fall $482mn, stand at $3.54bn Receipts of $300mn from China to be reflected in next week’s data, says central bank Published 22 Jun, 2023 08:16pm
Opinion Managing energy imports to save forex reserves Pakistan relies on imports for 49 percent of its primary energy supplies, which strains its already limited foreign... Updated 22 Jun, 2023 06:12am
Business & Finance SBP unveils revised regulations for EMIs KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued revised regulations for Electronic Money Institutions... Published 22 Jun, 2023 05:45am
Print SBP to help FBR run ‘SWAPS’ thru RAAST ISLAMABAD: The State Bank of Pakistan (SBP) will facilitate the Federal Board of Revenue (FBR) in fully... Updated 22 Jun, 2023 08:55am
Markets Rupee improves, settles at 286.98 against US dollar Currency appreciates 0.08% in inter-bank market Updated 21 Jun, 2023 07:07pm
Opinion Unmasking regressive banking In today’s fast-paced world marked by technological advancements and social progress, the banking industry has... Published 21 Jun, 2023 06:00am
Print FDI plunges 21pc in 11 months KARACHI: Foreign Direct Investment (FDI) in the country plunged by 21 percent during the first eleven months of this... Updated 21 Jun, 2023 08:55am
Business & Finance ITeS export remittances decline 1pc in 11 months ISLAMABAD: Pakistan’s IT and IT-enabled Services (ITeS) export remittances declined by one percent during the ... Published 21 Jun, 2023 05:21am
Business & Finance FCY cross border payments/transfer cases: SBP introduces new functionalities in Data Acquisition Portal KARACHI: In order to automate the process of submission of documents regarding subject payments, the State Bank of... Published 21 Jun, 2023 05:21am
Markets Pakistan’s REER inches upward to 87.1 in May 2023 Pakistan’s Real Effective Exchange Rate (REER) saw an increase in May, as it clocked in at 87.1 as compared to 85.6... Published 20 Jun, 2023 01:17pm
Markets China has come to Pakistan’s rescue as IMF programme faces ‘inordinate delay’: PM Shehbaz Remarks made during MoU signing ceremony of a 1,200MW Chashma 5 (C5) nuclear power project Updated 20 Jun, 2023 08:17pm
Business & Finance Banks to collect duties/taxes on 24th KARACHI: In order to facilitate the taxpayers in payment of Government duties/taxes, the State Bank of Pakistan has... Published 20 Jun, 2023 03:16am
Print Jul-May period: C/A deficit narrows by 81pc on lower import bill KARACHI: The country’s current account deficit fell sharply, ie, 81 percent during the first 11 months of the... Updated 20 Jun, 2023 09:00am
Opinion The quagmire of local-law domestic debt restructuring As is widely understood, Pakistan is facing the dual dilemma of foreign debt servicing that has placed her foreign... Updated 19 Jun, 2023 10:12am
Opinion Residual thoughts on FY24 budget The budget 2023-24 envisages 23.7 billion dollars of external borrowing – an amount premised on a rupee dollar... Published 19 Jun, 2023 07:12am
Business & Finance FMBL signs MoU with ConnectHear LAHORE: FINCA Microfinance Bank Limited (FMBL) announced a strategic partnership with ConnectHear, an innovative... Published 19 Jun, 2023 06:54am
Print WHT deduction, monitoring: 34 banks declared SWAPS agents ISLAMABAD: The Federal Board of Revenue (FBR) has declared 34 banks as ‘SWAPS’ agents (withholding agents) for the... Updated 18 Jun, 2023 10:05am
Pakistan Securing refinancing: govt cleared dues of Chinese banks in advance, says Ishaq Dar Finance minister says $300 million expected from China in 3-5 days Published 17 Jun, 2023 07:04pm
Print Reserves, IMF term: $1bn Chinese loan received KARACHI: Pakistan on Friday night received $1 billion inflows from China as loan to build the depleting foreign... Updated 17 Jun, 2023 08:58am
Business & Finance Import restriction: Suzuki apprises Qamar about its ‘plight’ ISLAMABAD: Japanese car assembler M/s Suzuki on Friday shared its woes with respect to restriction on imports with... Updated 17 Jun, 2023 11:26am
Markets Pakistan receives $1bn from China: SBP Inflow is the same amount paid back to China earlier Updated 16 Jun, 2023 11:25pm
Markets Rupee improves, settles at 287.19 against US dollar Appreciates 0.06% in inter-bank Updated 16 Jun, 2023 07:11pm
Business & Finance Forex reserves up $107m to $4.019bn KARACHI: The State Bank of Pakistan’s foreign exchange reserves increased by $ 107 million during the last week.... Published 16 Jun, 2023 07:13am
Business & Finance Multilateral debt country’s biggest problem: Pasha ISLAMABAD: Former Finance Minister Dr Hafiz Pasha Thursday said Pakistan’s foreign exchange reserves are 16 ... Published 16 Jun, 2023 07:08am
Opinion Budget 2023-24: Impediments to a viable economy The provisional data issued by the National Accounts Committee portray a bleak picture of the economy where real GDP... Published 16 Jun, 2023 06:27am
Print Moody’s disputes govt’s growth assumption Says Government of Pakistan’s budget lacks major revenue-raising or spending-containment measures to alleviate intense government liquidity pressures Updated 16 Jun, 2023 08:54am
Business & Finance Digital wallet payments: Paymob and easypaisa enter partnership deal KARACHI: Paymob, the leading Omni channel financial services enabler in the Middle East, North Africa and Pakistan... Published 16 Jun, 2023 06:27am
Markets After six weeks: SBP-held foreign exchange reserves rise $107mn, now stand at $4.02bn Central bank gives no reason behind increase Published 15 Jun, 2023 06:18pm