Forex reserves up by $400m KARACHI: The country’s total liquid foreign exchange reserves rose by $ 400 million during the last week due to... Updated 21 Apr, 2023 08:52am
Business & Finance SBP says it has not extended any fresh loan to govt since promulgation of SBP Amendment Act, 2022 Categorically rejects content of article carried by a media outlet Published 20 Apr, 2023 07:54pm
Markets On back of another loan, SBP-held forex reserves rise $394mn, now stand at $4.43bn Increase comes due to receipt of $300mn commercial loan from ICBC Published 20 Apr, 2023 05:35pm
Markets Rupee gains momentum, settles at 283.47 against US dollar Currency appreciates 0.15% in inter-bank market Updated 20 Apr, 2023 07:20pm
Markets KSE-100 closes with over 500-point gain as investors cheer current account surplus Corporate results also help market sentiment that has been dented over delay in revival of IMF programme Updated 20 Apr, 2023 02:59pm
Opinion Remittances: boon or bane for growth?–II The Dutch Disease is characterized by a rapid increase in one sector at the cost of other sectors. Firstly, the... Updated 20 Apr, 2023 07:03am
Print PM for removing impediments to import of solar panels, other parts ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed for fast implementation of solarization project in ... Updated 20 Apr, 2023 08:33am
Business & Finance C/A posts $654m surplus in March KARACHI: The country’s current account posted a surplus of $654 million in March after a gap of over two years... Published 20 Apr, 2023 06:30am
Business & Finance Bank holidays KARACHI: The State Bank of Pakistan (SBP) will remain closed from 21st to 25th April, 2023 (Friday to Tuesday) on ... Published 20 Apr, 2023 06:30am
Business & Finance In-principle: PHFC interested in injecting Rs12bn equity investment into Silkbank KARACHI: M/s Pakistan Housing Finance Company (PHFC), a subsidiary of M/s Lake City Limited has expressed its... Published 20 Apr, 2023 06:30am
Business & Finance TAAP team meets FPCCI chief: ‘Massive mismanagement in forex blocks remittance of airlines’ proceeds since 10 months’ KARACHI: Irfan Iqbal Sheikh, President FPCCI, has apprised the federal government, State Bank, Civil Aviation... Published 20 Apr, 2023 06:30am
Markets Pakistan’s REER index falls to 85.6 in March 2023 Pakistan’s real effective exchange rate (REER) index depreciated to 85.6 in March 2023 as compared to 86.5 in... Published 19 Apr, 2023 06:11pm
Markets Pakistan reports massive current account surplus of $654mn in March This is the first surplus on a monthly basis since November 2020 when the pandemic brought global economy to a standstill Updated 19 Apr, 2023 06:49pm
Business & Finance SBP announces five-day closure for Eid The State Bank of Pakistan (SBP) announced on Wednesday a five-day holiday on account of Eid-ul-Fitr. “The State... Updated 19 Apr, 2023 06:28pm
Business & Finance Pakistan Housing Finance Company eyes equity investment of Rs12bn in Silkbank PHFC says it is leading an investor group consortium Updated 19 Apr, 2023 03:49pm
Opinion Remittances: boon or bane for growth?–I Pakistan is the sixth largest recipient of remittances in the world, with the State Bank of Pakistan declaring a... Published 19 Apr, 2023 06:36am
Print Funds for polls in KP, Punjab: SBP, ECP submit reports in SC ISLAMABAD: the officials of the State Bank of Pakistan (SBP), the Finance Division and the Election Commission of... Updated 19 Apr, 2023 09:06am
Business & Finance Standard Chartered, British International Investment sign $40m ‘Risk-Participation Agreement’ KARACHI: Standard Chartered Bank Pakistan Limited recently signed an unfunded Risk-Participation Agreement with... Published 19 Apr, 2023 06:36am
Markets Pakistan’s textile exports plunge 22.6% in March Sector's exports clock in at $1.26bn, says PBS Data shows exports in first nine months of FY23 decrease by 12.4% to $12.48bn Updated 18 Apr, 2023 05:19pm
Pakistan ‘Constitution cannot prevail if SBP denies funds’: Imran LAHORE: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Monday that the constitution could not prevail in... Published 18 Apr, 2023 06:21am
Print Import of spare-parts: Hubco concerned at forex ‘unavailability’ The power company faces severe challenges in importing spare parts due to which it is restrained from undertaking timely maintenance to ensure capacity Updated 18 Apr, 2023 09:05am
Print Motion seeking Rs21bn for polls in Punjab rejected ISLAMABAD: The National Assembly on Monday rejected a motion seeking a supplementary sum of Rs21 billion to the... Updated 18 Apr, 2023 09:26am
Print Cabinet forwards summary to NA ISLAMABAD: The federal cabinet Monday forwarded a summary sent by the National Assembly’s Finance and Revenue... Updated 18 Apr, 2023 09:05am
Print Election in Punjab: NA panel asks MoF to arrange funds for ECP ISLAMABAD: The National Assembly’s Standing Committee on Finance has asked the Finance Ministry to raise a... Updated 18 Apr, 2023 09:06am
Business & Finance Deadline for prize bonds encashment extended KARACHI: The federal government has announced to extend the last date for encashment of withdrawn prize bonds.... Published 18 Apr, 2023 06:21am
Markets Charities’ plan to help raise $2bn from overseas Pakistanis put in ‘cold storage’ by ministry In February, Finance Minister Ishaq Dar publicly gave his green signal to a reported plan by charitable... Published 17 Apr, 2023 06:41am
Pakistan NA panel to discuss ‘ECP funding’ matter today ISLAMABAD: A meeting of the National Assembly’s Standing Committee on Finance would be held today (Monday) to... Published 17 Apr, 2023 06:41am
Opinion Debt – a source of rising concern During the ongoing World Bank/International Monetary Fund (IMF) spring annual meeting Gita Gopinath, the First ... Published 17 Apr, 2023 06:41am
Print In response to SC order SBP acts obligingly Central bank allocates/attaches Rs21bn from treasury for elections in KPK, Punjab Updated 17 Apr, 2023 10:11am
Editorials Is de-escalation even possible now? EDITORIAL: The headlines over the last few days seem to have left many in the country, especially the major players... Published 17 Apr, 2023 06:41am