4th Financial Crime Summit held: Alvi exhorts stakeholders to make joint efforts for easing financial crisis KARACHI: President of Pakistan Dr Arif Alvi has said that all the stakeholders needed to display cooperation and... Published 15 Jan, 2023 04:01am
Opinion Can economy rise from the ashes? The phoenix is a mythological bird that after living 100 years bursts into flames and turns to ashes. It is painful... Published 15 Jan, 2023 04:01am
Opinion Islamic banking: a success story Last week the largest transformation from conventional to Islamic banking was achieved as all the branches of the... Published 14 Jan, 2023 06:22am
Editorials ‘Serious humanitarian crisis’ looming EDITORIAL: The government’s disregard for the pharmaceutical sector crisis that is upon us, even though it took a... Published 14 Jan, 2023 06:22am
Business & Finance Declining exports hurting economy, causing joblessness: PBF report KARACHI: A detailed report of Pakistan Businesses Forum (PBF) stated that despite Pakistan’s myriad political... Published 14 Jan, 2023 06:22am
Print Special foreign currency accounts: SBP allows IT exporters to retain 35pc of proceeds KARACHI: In order to encourage IT companies and freelancers to bring their foreign exchange earnings into the... Updated 14 Jan, 2023 04:29pm
Business & Finance Jul-Dec remittances fall 11pc to $14.1bn YoY KARACHI: Inflows of home remittances recorded a decline of 11 percent during the first half of this fiscal year... Published 14 Jan, 2023 06:22am
Business & Finance APTMA bemoans raw material shortages KARACHI: The country’s largest export-oriented textile industry is facing a severe crisis of raw material and the... Updated 14 Jan, 2023 08:41am
Print Digital Banks: SBP issues NOCs to five applicants KARACHI: The State Bank of Pakistan (SBP) has issued no objection certificates to five applicants for establishing... Updated 14 Jan, 2023 08:40am
Business & Finance SBP issues NOCs to five applicants for establishing digital bank Central bank expects after commencement of operations, digital banks will promote financial inclusion by providing affordable/cost effective digital financial services to unserved and underserved segments Updated 13 Jan, 2023 09:47pm
Markets Remittances down 19% year-on-year, clock in at $2.04bn in December Inflow declines for fourth successive month Cumulative inflow during July-December 11.1% lower on yearly basis Updated 13 Jan, 2023 09:02pm
Business & Finance Dollar shortage bites, steel-maker temporarily shuts operations Beco Steel Limited says difficulties in obtaining letters of credit, inventory shortage reasons behind decision Published 13 Jan, 2023 02:50pm
Markets 18th straight loss: rupee falls marginally against US dollar Currency loses Re0.01 to close at 228.15 in inter-bank market Updated 13 Jan, 2023 09:02pm
Business & Finance Economist sees GDP growth in negative arena ISLAMABAD: All economic indications of the first six months of the current year suggest that Pakistan’s GDP growth... Published 13 Jan, 2023 07:07am
Business & Finance Issues related to foreign exchange to be addressed soon: SBP governor KARACHI: Governor of State Bank of Pakistan (SBP) Jameel Ahmad has assured the business community of resolving the... Updated 13 Jan, 2023 10:55am
Pakistan Senate body briefed about privatisation process ISLAMABAD: The Senate Standing Committee on Privatization’s meeting was held on Thursday which took up... Published 13 Jan, 2023 06:05am
Opinion Managing sovereign default Nations can and do periodically default on their sovereign debt, despite the fact that they do so comparatively... Updated 13 Jan, 2023 07:41am
Opinion Road to self-sustainability During the last few decades, global economies have been facing tough challenges. The recent spell started in March... Updated 13 Jan, 2023 07:28am
Print UAE to loan $1bn, roll over another $2bn ABU DHABI: The United Arab Emirates agreed on Thursday to lend $1 billion to Pakistan and roll over an existing $2... Updated 13 Jan, 2023 08:48am
Print Crisis of shortage of raw material in industries intensifies KARACHI: The crisis of shortage of raw materials has further intensified in industries across the country due to... Updated 13 Jan, 2023 08:51am
Print Fund for construction of dams: Amount increased to Rs16.53bn, SC told ISLAMABAD: The Supreme Court was informed that the amount in dams fund has increased to Rs 16.53 billion, which in... Updated 13 Jan, 2023 08:52am
Print Kuwait Petroleum Corporation dues: PSO asks PD to provide $220m payment ISLAMABAD: Pakistan State Oil (PSO) on Thursday asked the Petroleum Division for a payment of $220 million to Kuwait... Updated 13 Jan, 2023 08:54am
Business & Finance PHMA calls for PM’s intervention over SBP’s restrictions LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has lamented that the import restriction ... Published 13 Jan, 2023 06:05am
Business & Finance Banking sector: deposits, advances post growth YoY in December Pakistan's banking sector deposits posted a growth of 7.1% on a year-on-year (YoY) basis in December 2022, revealed... Published 12 Jan, 2023 10:26pm
Markets SBP-held foreign exchange reserves plunge another $1.23 bn, now stand at $4.3bn Lowest level of central bank reserves since February 2014 when they stood at $3.92bn Published 12 Jan, 2023 08:32pm
Business & Finance Auto financing portfolio drops for fifth straight month Amount of outstanding auto financing decreased for the fifth consecutive month at the end of November, data released... Published 12 Jan, 2023 07:09pm
Markets Cotton import restrictions: APTMA seeks Dar’s intervention The All Pakistan Textile Mills Association (APTMA), has sought “direct intervention” of the Federal Minister for... Published 12 Jan, 2023 05:46pm
Markets 17th successive decline: rupee continues to depreciate against US dollar Currency loses Re0.21 to close at 228.14 in inter-bank market Updated 12 Jan, 2023 06:20pm
Opinion Mastering the art of saving and income Mastering the art of saving is about more than just setting aside a portion of your paycheck. It requires a solid... Published 12 Jan, 2023 06:20am
Print ‘Wish list’ ready to be presented to UAE’s leadership ISLAMABAD: The government has reportedly prepared its “wish list” to be presented to UAE’s top brass during the... Updated 12 Jan, 2023 12:42pm