Monthly economic update, outlook: Manageable CAD, its guaranteed financing required: FD ISLAMABAD: The Finance Division has acknowledged that a manageable current account deficit and its guaranteed... Published 30 Nov, 2022 07:01am
Markets SBP engaged with industry to resolve Google payments issue: spokesperson KARACHI: The State Bank of Pakistan (SBP) is engaged with the industry on the issue of users’ payments to Google,... Published 30 Nov, 2022 05:53am
Business & Finance Pakistan has received $500m from AIIB: Dar ISLAMABAD: Finance Minister Ishaq Dar has stated on Tuesday that Pakistan has received US$500 million from the Asian... Published 30 Nov, 2022 05:53am
Editorials Timing of needed decisions critical EDITORIAL: The PML-N (Pakistan Muslim League-Nawaz), occupying nearly all economic-related ministries, barring... Published 30 Nov, 2022 05:53am
Markets Pakistan receives $500mn from AIIB: finance ministry Inflow comes at a time when country's foreign exchange reserves are at a low level Updated 29 Nov, 2022 05:02pm
Business & Finance Business community worried over policy rate hike KARACHI: Leaders and members of the United Business Group (UBG) have expressed their serious concern over the policy... Published 29 Nov, 2022 07:00am
Opinion Imbalanced balance of payments There has been appreciation of the success achieved in bringing down the current account deficit in the external... Published 29 Nov, 2022 06:36am
Pakistan Speakers say banks can help curtail pollution, improve environment KARACHI: Speakers at a research study launch have said that banks, by responsible funding, can curtail pollution and... Published 29 Nov, 2022 05:57am
Markets PSX witnesses bloodbath KARACHI: Pakistan Stock Exchange Monday witnessed a bloodbath due to panic selling after ‘unexpected’ interest... Published 29 Nov, 2022 05:57am
Business & Finance SBP’s MYPR covering H1CY22 unveiled: Banking sector shows robust performance, resilience KARACHI: The State Bank of Pakistan (SBP) has issued on Monday the Mid-Year Performance Review (MYPR) of the banking... Published 29 Nov, 2022 05:57am
Business & Finance 6-month KIBOR hits all-time high after SBP's rate-hike The six-month Karachi Inter-bank Offered Rate (KIBOR), an equilibrium interest rate for a given tenor at which banks... Published 28 Nov, 2022 11:21pm
Markets Rupee largely stable, settles at 223.95 against US dollar Depreciates Re0.01 in inter-bank market on Monday Updated 28 Nov, 2022 10:23pm
Markets KSE-100 plummets 2% as market reacts to 'surprise' rate hike Selling pressure was witnessed across-the-board as participants looked to reduce equity exposure after SBP raised the key interest rate by 100bps Updated 28 Nov, 2022 06:11pm
Opinion There’s a need for belt-tightening measures To market participants’ surprise, SBP (State Bank of Pakistan) has increased the policy rate by one percent (100... Published 28 Nov, 2022 06:18am
Editorials MPS makes grim but unsurprising reading EDITORIAL: The Monetary Policy Committee (MPC) raised the policy rate by 100 basis points to 16 percent, reflecting... Published 28 Nov, 2022 06:09am
Business & Finance BMP urges govt to ‘rescue’ economy, as currency crisis deepens LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce & Industry has asked the... Published 28 Nov, 2022 05:48am
Print ICCI concerned at 100bps hike in key policy rate ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has shown great concerns over the 100bps hike in ... Updated 28 Nov, 2022 09:33am
Markets PKR remains largely stable KARACHI: The rupee remained largely stable during the previous week, depreciating 0.34% against the US dollar in the... Published 28 Nov, 2022 05:48am
Business & Finance Payments to Google: SBP rejects allegations KARACHI: Recent news circulating in some sections of the media that certain payments to Google are stuck at the... Updated 27 Nov, 2022 09:43am
Business & Finance Amin urges Dar to ‘direct’ SBP to make payments ISLAMABAD: Federal IT and Telecom Minister Syed Aminul Haque wrote a letter to Finance Minister Ishaq Dar regarding... Updated 27 Nov, 2022 09:43am
Business & Finance BMP chief assails hike in policy rate LAHORE: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) on Saturday ... Published 27 Nov, 2022 05:58am
Technology Suspension of DCB payments to Google Play: users, telecom companies at receiving end Facing a growing liquidity shortage as foreign exchange reserves continue to fall, Pakistan’s central bank has... Published 26 Nov, 2022 05:47pm
Pakistan Ishaq Dar says Pakistani delegation to leave for Russia for potential oil deal Federal Minister for Finance and Revenue Ishaq Dar said that a delegation from Pakistan, led by Minister of State ... Updated 26 Nov, 2022 06:49pm
Print Overnight reverse repo (ceiling) rate to be 17pc KARACHI: The State Bank of Pakistan (SBP) on Friday decided to increase ‘Policy Rate’ (Target Rate) from 15 percent... Updated 26 Nov, 2022 11:30am
Print Policy rate hiked to 16pc to quell biting inflation Including this 100bps increase, SBP has raised its key rate by 625bps cumulatively in 2022 Policy rate jumps to 23-year high Updated 26 Nov, 2022 12:48pm
Business & Finance FBL partners with BOK KARACHI: Faysal Bank Limited (FBL) and Bank of Khyber (BOK) to partner together to enable Bank of Khyber customers... Published 26 Nov, 2022 04:13am
Business & Finance Pakistan to repay $1bn bond on Dec 2: SBP chief ISLAMABAD: Pakistan will repay a $1 billion international bond on Dec 2, three days before its due date, the... Published 26 Nov, 2022 04:13am
Markets Analysts perplexed as SBP hikes key interest rate to 16% — highest since 1998-99 Some say SBP's comments on demand compression and raising policy rate are in contradiction Updated 25 Nov, 2022 08:52pm
Markets SBP raises key interest rate by 100bps, takes it to 16% MPC says decision reflects view that inflationary pressures have proven to be stronger and more persistent than expected Majority of market participants had anticipated central bank to maintain key policy rate Updated 25 Nov, 2022 08:52pm
Markets Rupee largely stable, settles at 223.94 against US dollar Depreciates 0.01% in inter-bank market on Friday Updated 25 Nov, 2022 09:01pm