Rupee ends losing streak in inter-bank, but falls to 308-310 in open market Currency registers a gain of Re0.02 in inter-bank market Updated 24 May, 2023 07:33pm
Business & Finance SAI’s budget proposals for industrial sector: Govt recommended to save industries from closure, prevent unemployment ISLAMABAD: The SITE Association of Industry (SAI) has recommended the government to save industries from closure,... Published 24 May, 2023 05:57am
Editorials Woeful state of economy EDITORIAL: State Bank of Pakistan (SBP) released its half yearly ‘State of Pakistan’s Economy Report’... Published 23 May, 2023 06:14am
Business & Finance Internet, IT devices: SBP advocates cut in duties and taxes KARACHI: The State Bank of Pakistan (SBP) has asked for reduction of the duties and taxes on internet and IT devices... Published 23 May, 2023 06:14am
Opinion GDP estimates: fudging under way? The economic recession in Pakistan is getting worse. GDP contraction is happening at a much faster pace than was... Published 22 May, 2023 06:23am
Editorials For whom the bell tolls, it tolls for thee EDITORIAL: Some circles in the government are trying to build up a narrative that current account is coming into... Published 22 May, 2023 06:23am
Print Letters of credit: Banks asked to facilitate: Export-oriented sectors find favour with Dar Finance minister reiterates government’s resolve to overcome challenges and set the economy towards growth Updated 22 May, 2023 05:34pm
Opinion 9th review struggle with IMF Since November of last year, Pakistan is still waiting for the release of the next tranche of $1.1 billion from the... Published 21 May, 2023 04:00am
Opinion M-commerce can help country arrest economic slide Pakistan’s economy has faced numerous challenges, including inflation, unemployment, and low growth rates. ... Published 21 May, 2023 04:00am
Print Local, foreign assets: Rs9bn CVT collected so far ISLAMABAD: The government has so far collected Rs9 billion on account of capital value tax (CVT) on local and... Updated 20 May, 2023 12:30pm
Business & Finance Despite improved C/A, fiscal balance: Macroeconomic conditions deteriorated in first half of FY23: SBP KARACHI: The State Bank of Pakistan (SBP) Friday said Pakistan’s macroeconomic conditions deteriorated during ... Published 20 May, 2023 05:59am
Print Slow growth, rising inflation: SBP projects a double whammy for country Says demand management measures and floods in 2022 have weighed heavily on the country’s growth outlook for FY23 Updated 20 May, 2023 07:23pm
Pakistan Macroeconomic conditions deteriorated during first half FY23: SBP Central bank says adverse global economic conditions, uncertainty surrounding IMF programme are major concerns Published 19 May, 2023 05:05pm
Opinion A mission-oriented Budget Never before in 75-year history of the country has Annual Budget been so important. Now that Pakistan has struggled... Published 19 May, 2023 06:17am
Business & Finance Digital banking frauds: SBP rolls out new set of guidelines for banks, MFBs KARACHI: The State Bank of Pakistan (SBP) has announced enhancement in control measure requirements to protect... Published 19 May, 2023 06:17am
Business & Finance Forex reserves slump $72m KARACHI: The State Bank of Pakistan’s foreign exchange reserves further decreased by $ 72 million to $ 4.312... Published 19 May, 2023 06:17am
Markets SBP-held forex reserves fall $72mn, now stand at $4.31bn Decrease comes on account of external debt repayment Updated 18 May, 2023 10:40pm
Markets Rupee’s slide continues, settles at 285.62 against US dollar Currency depreciates 0.08% in inter-bank market Updated 18 May, 2023 07:17pm
BR Research Current account roundup: 10MFY23 The current account hung in balance in April 2023, and the deficit in 10MFY23 is down to one-fourth and stood at... Published 18 May, 2023 08:47am
Business & Finance SBP cancels license of forex firm KARACHI: The State Bank of Pakistan (SBP) on Wednesday cancelled the authorization/ license of M/s. Noble Exchange... Published 18 May, 2023 06:10am
Print Pre-budget talks: Senate panel to meet stakeholders from next week ISLAMABAD: The Senate Standing Committee has decided to hold pre-budget meetings with all the relevant stakeholders... Updated 18 May, 2023 09:05am
Markets Inter-bank: rupee sustains losses, settles at 285.4 against US dollar Currency depreciates 0.16% on Wednesday Updated 17 May, 2023 05:18pm
Pakistan ‘Charged appropriate accounts’ of last 10 years: PAC chairman to move resolution in NA for appearance of SC Registrar ISLAMABAD: The Public Accounts Committee (PAC) chairman would move a resolution in the National Assembly for the... Published 17 May, 2023 06:22am
Print Second consecutive month: Pakistan posts $18m current account surplus in April KARACHI: For the second consecutive month, Pakistan has posted a current account surplus in April 2023 mainly due to... Updated 17 May, 2023 09:52am
Print $2bn Saudi deposits: Pakistan to pay 4pc annual profit Saudi Arabia had agreed to deposit amount to meet one of the preconditions of the IMF Updated 17 May, 2023 10:35am
Business & Finance Operationalisation of EXIMBP: TA project rated less than relevant, less than successful by ADB arm ISLAMABAD: The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated technical... Published 17 May, 2023 06:22am
Print RDA inflows cross $6bn mark in April KARACHI: Inflows of Roshan Digital Account (RDA) have crossed $6 billion mark for the first time since its... Updated 16 May, 2023 09:27am
Print Govt debt stocks soar to record Rs57trn by Mar-end: SBP KARACHI: The federal government’s total debt (domestic and external) surged to Rs 57 trillion by the end of March... Updated 16 May, 2023 11:04am
Business & Finance SBP, MoFA conduct training for ASEAN member states KARACHI: The State Bank of Pakistan (SBP) and Ministry of Foreign Affairs jointly conducted training program for... Published 16 May, 2023 03:23am
Business & Finance Prize bond encashment deadline extended KARACHI: The federal government has announced to extend the last date for encashment of withdrawn prize bonds.... Published 16 May, 2023 03:23am