Print Interest expenses climb to Rs5.5trn KARACHI: The tight monetary stance by the State Bank of Pakistan (SBP) resulted in a massive surge in the federal... Updated 12 Jun, 2024 08:58am
Business & Finance Finally, policy rate cut 150bps to 20.5pc KARACHI: After maintaining a policy rate at all-time high level of 22 percent for almost a year, the Monetary Policy... Updated 11 Jun, 2024 08:38am
Business & Finance May 2024: country gets highest-ever remittances KARACHI: Pakistan received highest-ever monthly inflows of home remittances amounted to $ 3.2 billion in the month ... Published 08 Jun, 2024 07:00am
Markets Bumper production: CAP urges govt to allow export of wheat, by-products KARACHI: Pakistani traders have formally requested the federal government to allow the export of wheat and wheat... Published 05 Jun, 2024 07:47am
Print Budgetary support: Govt borrowing rises 116pc KARACHI: The federal government borrowing from scheduled banks for budgetary support rose significantly by 116... Updated 30 May, 2024 08:53am
Business & Finance Oman delegates visit REAP office, keen to import Pak rice KARACHI: Oman government has expressed significant interest in procuring Pakistani rice to meet the domestic ... Published 28 May, 2024 05:30am
Print Pakistan receives $1.1bn from IMF KARACHI: Pakistan has received inflows of $1.1 billion from International Monetary Fund (IMF) as final loan tranche... Updated 01 May, 2024 09:20am
Business & Finance Policy rate kept unchanged at 22pc KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to keep the policy rate... Published 30 Apr, 2024 03:43am
Business & Finance Jul-Mar period: Rice exports hit historic high of $3bn KARACHI: The country’s rice exports, breaking all previous records, have earned all-time high of $3 billion during... Published 27 Apr, 2024 05:03am
Print RDA inflows rise to $7.660bn KARACHI: Gross inflows under the Roshan Digital Account (RDA) rose to $ 7.660 billion by end of March 2024 since its... Updated 26 Apr, 2024 08:59am
Business & Finance C/A posts 3rd highest monthly surplus in March KARACHI: The country’s external account is performing well, posting the third highest monthly current account... Published 23 Apr, 2024 03:41am
Business & Finance Wheat import bill hits $1bn mark KARACHI: Pakistan spent some one billion dollars on the import of wheat during this fiscal year (FY24) to meet the... Published 20 Apr, 2024 04:18am
Print SBP’s reserves up $14.4m to $8.055bn KARACHI: Despite repayment of dollar one billion external debt, the State Bank of Pakistan (SBP) successfully... Updated 19 Apr, 2024 09:02am
Print 10-year Eurobond: $1bn repayment made despite dearth of forex KARACHI: Despite foreign exchange difficulties, Pakistan has successfully made timely repayment of foreign debt... Updated 14 Apr, 2024 01:57pm
Print Jul-Mar period: Govt borrowing soars to record high of Rs4.8trn Analysts say that federal government’s rising spending requirements has forced it to borrow money from scheduled banks to meet its financial requirement Updated 13 Apr, 2024 01:34pm
Business & Finance BISP beneficiaries enabled to get funds directly into their accounts KARACHI: The State Bank of Pakistan (SBP) has decided to directly pay financial assistance into the bank accounts of... Updated 09 Apr, 2024 09:48am
Business & Finance Number of credit card users drops due to high interest rates, emergence of alternate products KARACHI: The number of credit card users is on decline in the country due to the higher interest rate and emergence... Published 03 Apr, 2024 05:29am
Business & Finance Exchange companies: SBP extends cash USD import facility till June 30th KARACHI: The State Bank of Pakistan (SBP) on Friday has extended import facility of cash US dollar by the Exchange... Updated 30 Mar, 2024 08:49am
Print Feb C/A posts $128m surplus KARACHI: The country’s Current Account has presented an improved picture and recorded a surplus of $128 million in... Updated 20 Mar, 2024 09:49am
Business & Finance Policy rate kept unchanged at 22pc KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), adopting a cautious approach, has... Updated 19 Mar, 2024 09:20am