HCSTSI flays increase in interest rate HYDERABAD: President of Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Muhammad Farooq Shaikhani ... Published 10 Apr, 2023 06:45am
Business & Finance Inflation to remain high despite policy rate hike: analyst KARACHI: The State Bank of Pakistan’s (SBP) decision to increase key policy rate by 100 basis points to a record... Published 10 Apr, 2023 06:45am
Print USD LIBOR to SOFR: DFIs concerned at transitioning delay ISLAMABAD: The world’s top ten Development Finance Institutions (DFIs) have expressed serious concern at... Updated 10 Apr, 2023 08:33am
Business & Finance Realisation of export proceeds: LCCI exhorts SBP to withdraw recent circular immediately LAHORE: The Lahore Chamber of Commerce & Industry noted on Saturday that the State Bank of Pakistan is passing... Published 09 Apr, 2023 05:58am
Business & Finance Frustrated cargoes: No NOC required from SBP & MoC, FTO tells DGTT Karachi ISLAMABAD: The Federal Tax Ombudsman (FTO) has barred the Directorate General of Transit Trade Karachi from asking... Published 08 Apr, 2023 07:18am
Business & Finance FSC judgement on Riba: Panel discusses steps to address the challenges ISLAMABAD: The Steering Committee on Implementation of Federal Shariat Court (FSC) judgment on Riba discussed the... Published 08 Apr, 2023 07:04am
Pakistan JI chief for ‘Islamisation’ of entire financial system ISLAMABAD: Jamaat-e-Islami Pakistan Chief Sirajul Haque, Friday, while stressing the need for full Islamisation of... Published 08 Apr, 2023 06:21am
Print IPPs’ plea to govt: ‘Either resolve LC issues or declare force majeure’ Power Division requested to take up immediate measures to resolve this matter Updated 08 Apr, 2023 09:15pm
Print MoC shares its financial woes with Senate panel Says budget and foreign exchange availability from SBP have choked its efforts for improvement Updated 08 Apr, 2023 01:49pm
Print NSS: Profit rates increased Rate of profit on Bahbood Savings Certificates has been increased by 2.64% to 16.56% Updated 08 Apr, 2023 01:51pm
Business & Finance RDA inflows cross $6bn mark KARACHI: Inflows arrived through Roshan Digital Account (RDA) from overseas Pakistanis crossed the $6 billion mark ... Published 08 Apr, 2023 06:21am
Opinion Serious economic crisis due to austerity policies, and weak multilateralism Inadequate provision of International Monetary Fund’s (IMF’s) special drawing rights (SDRs) to Pakistan, like in... Updated 07 Apr, 2023 06:32am
Print $3bn loan at zero interest rate: NA panel asks SBP to submit list of 600 borrowers ISLAMABAD: The National Assembly Standing Committee on Finance, Thursday, directed the State Bank of Pakistan (SBP)... Updated 07 Apr, 2023 08:49am
Editorials Import curbs exacting terrible toll on businesses EDITORIAL: The economic growth outlook is getting bleaker. Both the World Bank and the Asian Development Bank have... Published 07 Apr, 2023 06:06am
Print Investment or deposit: Transfer of public moneys to other bank accounts banned ISLAMABAD: The Ministry of Finance (MoF) has imposed a ban on transfer of public moneys for investment or deposit... Updated 07 Apr, 2023 08:49am
Business & Finance Forex reserves fall by $56m KARACHI: The country’s liquid foreign exchange reserves fell by $56 million during the last week due to debt... Published 07 Apr, 2023 06:06am
Business & Finance Subscription shares: South Sudan’s ICB shows interest in Silkbank KARACHI: M/s. International Commercial Bank (ICB) of South Sudan has expressed an interest in subscribing to the... Published 07 Apr, 2023 06:06am
Markets SBP-held forex reserves fall $36mn, now stand at $4.21bn Decline comes on back of debt repayments Published 06 Apr, 2023 07:43pm
Print SBP not empowered to decide on service matters of bank employees: LHC LAHORE: The Lahore High Court (LHC) has held that the State Bank of Pakistan (SBP) has no jurisdiction to decide on... Updated 06 Apr, 2023 08:42am
Business & Finance SBP’s overnight repo rate fixed at 22pc KARACHI: As the State Bank of Pakistan (SBP) has decided to increase “Policy Rate” (Target Rate) from 20 percent... Published 06 Apr, 2023 06:20am
Business & Finance KATI chief assails interest rate hike KARACHI: President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman has rejected the decision of... Published 06 Apr, 2023 06:20am
Editorials The policy rate challenge EDITORIAL: The Monetary Policy Committee raised the policy rate by one percent - to 21 percent - thereby linking the... Published 06 Apr, 2023 06:20am
Markets KSE-100 ends session on a flat note Index settled with an increase of 29.89 points or 0.08% to close at 39,717.15 Updated 05 Apr, 2023 06:30pm
Markets Rupee hits fresh all-time low, settles at 287.85 against US dollar Currency loses Re0.56 against the US dollar in inter-bank market Updated 05 Apr, 2023 06:32pm
Opinion Politicians are part of the problem That a picture is worth a thousand words is a fact that has found its best expression from a photograph carried by... Published 05 Apr, 2023 06:16am
Print Textile industry to be backed for achieving export-led growth: Dar ISLAMABAD: Finance Minister Ishaq Dar Tuesday said the government is committed to providing maximum support to the... Updated 05 Apr, 2023 08:55am
Business & Finance Policy rate hike won’t help tame inflation: expert KARACHI: Historic jump by State Bank of Pakistan (SBP), jacking up key policy rate by 100 basis points to a record... Published 05 Apr, 2023 06:16am
Business & Finance Policy rate hiked to 21pc to bridle unbridled inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Tuesday further tightened the... Updated 05 Apr, 2023 08:51am
Markets SBP raises key policy rate by 100 basis points, takes it to 21% MPC statement says there are early indications of inflation expectations plateauing, albeit at an elevated level Updated 04 Apr, 2023 07:32pm
Markets Pakistan’s textile exports plunge in March: APTMA Textile exports fall 21% year-on-year to $1.29 billion in March Updated 04 Apr, 2023 05:47pm
Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’