Print Policy rate hiked by 125bps to 15pc to cool economy, contain inflation, propel PKR KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday decided to raise the... Updated 08 Jul, 2022 09:30am
Business & Finance REAP vying to get duty-free access to UK market for white rice KARACHI: Rice Exporters Association of Pakistan (REAP) has initiated efforts to get duty-free access into the UK... Published 07 Jul, 2022 05:35am
Print MPS tomorrow: Key policy rate likely to be hiked by 100bps KARACHI: The Monetary Policy Committee (MPC) of the State Bank Pakistan (SBP) will unveil monetary policy on July 7,... Updated 06 Jul, 2022 10:16am
Markets TCP receives eight bids for wheat import KARACHI: The Trading Corporation of Pakistan (TCP) has received eight bids for the import of some 0.5 million tons ... Published 02 Jul, 2022 04:10am
Print PMKJ-YES, MPMG: SBP directs banks to stop fresh disbursements KARACHI: Following the directives of the federal government, the State Bank of Pakistan (SBP) on Thursday night ... Updated 01 Jul, 2022 11:04am
Print Forex reserves soar on $2bn Chinese inflows Country’s reserves were constantly on decline due to scheduled external debt servicing and financing of current account deficit Updated 01 Jul, 2022 09:45am
Print July-May period: C/A deficit crosses $15bn mark KARACHI: The country’s current account deficit crossed the $15 billion mark during the first eleven months of this... Updated 29 Jun, 2022 09:50am
Business & Finance Forex reserves down $733m on debt servicing KARACHI: The country’s total liquid foreign exchange reserves further declined by $733 million in a week due to... Published 24 Jun, 2022 06:15am
Business & Finance Banks have ‘sufficient’ stock of dollars: SBP KARACHI: The State Bank of Pakistan (SBP) on Tuesday categorically denied the reports that it has stopped import... Published 22 Jun, 2022 05:58am
Business & Finance July-May FDI declines 5pc to $1.57bn YoY KARACHI: The Foreign Direct Investment (FDI) decreased by 5 percent during the first 11 months of this fiscal year.... Published 18 Jun, 2022 06:00am
Print Sindh raises development outlay by 40pc KARACHI: The Sindh government has decided to increase the allocation for Annual Development Programme (ADP) by 40... Updated 15 Jun, 2022 10:06am
Business & Finance Country begins cement export to US KARACHI: For the first time in the country’s history, the export of cement has begun to the United State, which is... Published 15 Jun, 2022 05:47am
Budget 2022-23 Inclusive of Super Tax: Tax on banking sector to go up to 45pc KARACHI: The federal government has proposed to increase the tax rate for banking sector, ie, from 39 percent to 45... Published 11 Jun, 2022 06:41am
Business & Finance Inflows of remittances post over 6pc growth KARACHI: Inflows of home remittances posted over six percent growth during the first 11 months of this fiscal year... Published 11 Jun, 2022 06:14am
Print Credit to private sector rises to record Rs1.3trn KARACHI: Private sector obtained a record Rs 1.3 trillion loans from the domestic banking sector during the first 10... Updated 10 Jun, 2022 09:40am
Business & Finance Liquidity management: DFIs can participate in OMOs: SBP KARACHI: The State Bank of Pakistan (SBP) has allowed the Development Finance Institutions (DFIs) to participate in... Published 08 Jun, 2022 06:19am
Print Govt takes step to avert wheat shortage KARACHI: In order to avoid wheat shortage in domestic market, the federal government has initiated the import of... Updated 26 May, 2022 09:56am
Print Auto financing facility tenor reduced by SBP KARACHI: The State Bank of Pakistan (SBP) has announced to reduce the maximum tenor of auto finance facility by two... Updated 25 May, 2022 09:59am
Print SBP increases EFS, LTFF rates by 2pc KARACHI: The State Bank of Pakistan (SBP) has raised the mark-up rates of Export Finance Scheme (EFS) and Long-Term... Updated 24 May, 2022 09:37am
Print Key policy rate hiked to 13.75pc KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) Monday announced increase in the... Updated 24 May, 2022 09:51am