SBP suspends authorisation of 11 outlets of 8 ECs KARACHI: The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorisation of 11 outlets of... Published 24 Jan, 2023 07:05am
Opinion GDP growth in 2022-23 — II The previous article by this writer had presented the estimate of the GDP growth rate in 2022-23 as negative 1% from... Updated 26 Jan, 2023 12:50am
Print O/N reverse repo rate will now be 18pc KARACHI: As the State Bank of Pakistan ((SBP) has decided to increase policy rate (Target Rate) from 16.00 percent... Updated 24 Jan, 2023 09:04am
Print Policy rate hiked to 17pc to rein in soaring inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday increased the key policy ... Updated 24 Jan, 2023 09:05am
Print Consignments stuck at ports: Banks told to give one-time facilitation to importers KARACHI: In order to clear the stuck consignments at ports, the State Bank of Pakistan (SBP) has advised banks to... Updated 24 Jan, 2023 08:59am
Print Policy rate hike unlikely to appease IMF: economists ISLAMABAD: The State Bank of Pakistan (SBP) decision to increase policy rate by 100 basis points is unlikely to... Updated 24 Jan, 2023 09:10am
Print Country needs to repay $3bn debt in five months: SBP KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that Pakistan is out of default as major... Updated 24 Jan, 2023 08:52am
Editorials Doesn’t Cabinet see the writing on the wall? EDITORIAL: The writing on the wall has been made clear multiple times in recent months to the incumbent 11-party... Published 24 Jan, 2023 06:06am
Editorials An ill-advised decision EDITORIAL: At a time Pakistan’s economic malaise is exacerbating by the day, public functionaries are in no mood ... Published 24 Jan, 2023 06:06am
Business & Finance Dollar manipulation: SBP says probe complete, decision to be made on fiscal or regulatory action Action would be taken by either the SBP or government, but dual action cannot be taken, says central bank governor Jameel Ahmad Updated 23 Jan, 2023 07:42pm
Markets Stranded containers: govt says it will waive KPT and Port Qasim charges In a bid to facilitate the business community, the federal government has decided that it will waive off Karachi ... Published 23 Jan, 2023 02:41pm
Markets SBP raises key interest rate by 100bps, takes it to 17% — a 25-year high Governor SBP Jameel Ahmad announces decision at press briefing following the meeting Updated 23 Jan, 2023 10:04pm
Business & Finance SBP extends one-time facilitation to importers Advises banks to provide one-time facilitation to all those importers who can either extend their payment terms to 180 days (or beyond) or arrange funds from abroad to settle their pending import payments Updated 23 Jan, 2023 05:57pm
Markets 24th successive decline: rupee depreciates against US dollar, settles over 230 Currency loses Re0.48 to close at 230.15 in inter-bank market Updated 23 Jan, 2023 10:01pm
Business & Finance Business community to mount protests against govt policies today: BMP chief LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s former president Mian Anjum Nisar has ... Published 23 Jan, 2023 06:54am
Business & Finance KP’s business community hails passage of SBP (Amendment) Bill 2021 PESHAWAR: Business community in Khyber Pakhtunkhwa widely welcomed the passage of State Bank of Pakistan (Amendment)... Published 23 Jan, 2023 06:44am
Markets PKR: slide yet to be arrested KARACHI: The rupee’s losing ways in the inter-bank market continued during the previous week as the currency... Published 23 Jan, 2023 05:57am
Opinion Counting the ways to borrow Pakistan’s policy thrust today to get out of the ongoing very serious economic/financial imbroglio is, heads: seek... Published 23 Jan, 2023 05:57am
Opinion IMF – No half measures Last week it appeared that the economic reality is finally sinking into the government high-ups. The statement of... Updated 23 Jan, 2023 08:22am
Print Protection of Economic Reforms Act: MoF asks Power Div to satisfy Chinese lenders ISLAMABAD: Ministry of Finance (MoF) has asked Power Division to expedite measures to satisfy Chinese lenders on the... Updated 23 Jan, 2023 09:22am
Print LC issue: PALSP threatens to shut down steel units ISLAMABAD: The documented steel sector will be forced to close down its units for an indefinite period in case the... Updated 23 Jan, 2023 09:18am
Business & Finance Govt discussing issue of factories’ closure with businessmen: minister HYDERABAD: Federal Minister for Commerce and Privatization Syed Naveed Qamar has blamed Pakistan Tehreek-e-Insaf... Published 23 Jan, 2023 05:57am
Editorials Inflation and lower output EDITORIAL: A former Finance Minister, Dr Hafiz A. Pasha, while addressing the members of Pakistan Industrial and... Published 23 Jan, 2023 05:57am
Print SBP announces sugar export mechanism Makes it mandatory for sugar mills to bring sugar export proceeds into Pakistan within 60 days of the opening of Letter of Credit (LC) Updated 22 Jan, 2023 10:16am
Business & Finance LCCI starts consultation to prepare economic policy framework LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has started consultation to prepare economic policy... Published 21 Jan, 2023 07:20am
Business & Finance Import of raw materials: PYMA says has apprised SBP about obstacles KARACHI: Pakistan Yarn Merchants Association (PYMA) has informed the Governor State Bank of Pakistan, Jameel Ahmed,... Published 21 Jan, 2023 07:18am
Opinion Why are interest rates expected to rise? It’s that time again when speculation over the State Bank of Pakistan’s (SBP’s) monetary policy stance starts to... Updated 21 Jan, 2023 07:57am
Print Naya Pakistan, Islamic Naya Pakistan Certificates: Increase in rates on return notified ISLAMABAD: The Finance Division, Friday, notified increase in rates on return on Naya Pakistan and Islamic Naya... Updated 21 Jan, 2023 12:26pm
Opinion Political turbulence has affected FDI inflows Given its brittle balance of payments position and urgent need to boost industrial production, Pakistan must... Updated 21 Jan, 2023 07:47am
Business & Finance MPS on Monday: Increase in key policy rate likely KARACHI: The State Bank of Pakistan (SBP) will announce the Monetary Policy Statement on Monday (Jan 23). The... Published 21 Jan, 2023 06:15am