Business & Finance Forex reserves plunge by about $1bn KARACHI: The crisis of foreign exchange reserves has further escalated as the country’s total liquid forex reserves... Published 27 Jan, 2023 06:15am
Print ECs lift cap on dollar rate KARACHI: The Exchange Companies Association of Pakistan (ECAP) has announced removal of price cap on exchange rate... Updated 25 Jan, 2023 08:51am
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 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
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 SBP’s foreign exchange reserves up KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves rose by $258 million during the last week.... Published 20 Jan, 2023 06:10am
Print C/A deficit dips 60pc in H1FY23 on lower imports KARACHI: The country’s current account deficit declined sharply 60 percent during the first half of this fiscal year... Updated 19 Jan, 2023 08:42am
Print SBP issues framework on outsourcing to CSPs KARACHI: The State Bank of Pakistan (SBP) on Monday issued “Framework on Outsourcing to Cloud Service Providers... Updated 17 Jan, 2023 09:10am
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
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
Business & Finance Digital services: SBP issues guidelines for downtime KARACHI: The State Bank of Pakistan (SBP) has issued guidelines for downtime of digital services and directed the... Updated 11 Jan, 2023 08:54am
Print Steel prices surge to all-time high level KARACHI: The prices of steel rebars rose to an all-time level of Rs 235,000 per metric ton due to shortage of raw... Updated 11 Jan, 2023 10:24am
Print Pakistan repays over $1bn external debt KARACHI: The country has successfully repaid over one-billion-dollar external debt to international financial... Updated 08 Jan, 2023 11:26am
Print Pace of domestic debt accumulation accelerates Recent increase in debt burden emanated from higher fiscal and current account deficit Updated 07 Jan, 2023 04:28pm
Print Foreign exchange reserves at almost 9-year low level KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) reached almost nine years low level... Updated 06 Jan, 2023 09:04am
Print Import of 177 items: SBP to maintain cash margin requirements for another 3 months KARACHI: The State Bank of Pakistan (SBP) Friday announced that it will maintain the cash margin requirements on the... Updated 31 Dec, 2022 08:49am
Business & Finance SBP raises EFS & LTFF rates by 2pc to 13pc KARACHI: The State Bank of Pakistan (SBP) Thursday announced increase in the Export Finance Scheme (EFS) and... Published 30 Dec, 2022 05:50am
Business & Finance Market share of Islamic banking sector tops 20pc by Sept-end KARACHI: The market Share of Islamic Banking Industry (IBI) in the banking sector continued to post healthy growth... Published 29 Dec, 2022 05:59am
Print HS Code Chapters 84, 85 and certain items of Chapter 87: SBP withdraws curbs on import permission KARACHI: The State Bank of Pakistan (SBP) Tuesday announced withdrawal of restrictions on prior permission before... Updated 28 Dec, 2022 08:47am
Print Rain- and flood-hit farmers: Three markup waiver and financing schemes announced KARACHI: The federal government has announced three markup waiver and financing schemes for farmers in rain and... Updated 23 Dec, 2022 08:40am