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Business & Finance

Mian Zahid for banning more items from import

KARACHI: Chairman of National Business Group Pakistan and President Pakistan Businessmen and Intellectuals Forum ...

Published 03 Jun, 2022 07:18am

Opinion

Govt needs to take bicycling initiative

It is interesting to note that an economically beleaguered Sri Lanka’s main seaport has unveiled a free bicycle...

Published 02 Jun, 2022 06:19am

Markets

Against USD: Rupee strengthens in inter-bank market, closes at 199.06

Registers second successive gain after 16 sessions of depreciation

Updated 30 May, 2022 06:44pm

Pakistan

IMF has called for a ‘tough budget’, but govt optimistic of agreement in June: Miftah

Despite lender's insistence, govt will not increase rate of personal income tax, says finance minister
Stresses that the biggest obstacle in way of programme revival was fuel subsidy

Updated 28 May, 2022 10:12pm

Business & Finance

PBC proposes targeted fuel subsidy, reduction in work week

Says phasing out of general fuel subsidy should be accompanied with targeted subsidy for most deserving

Published 27 May, 2022 02:35pm

Pakistan

Budget, energy subsidies main topics being discussed with IMF: Dr Murtaza Syed

SBP's acting governor says progress in talks has been made, but it is normal for 'these things to take time'

Published 24 May, 2022 08:09pm

Editorials

Upcoming budget 2022-23

EDITORIAL: Tenth of June has been earmarked for the presentation of the budget in parliament with political and the...

Published 24 May, 2022 05:35am

Business & Finance

KATI welcomes ban on import of luxury items

KARACHI: Korangi Association of Trade and Industry (KATI) president Salman Aslam has called on the government to...

Published 21 May, 2022 04:34am

Business & Finance

Jul-April FDI falls 1.6% year-on-year to $1.46bn

Although Chinese investment in the country has declined sharply, China is still the largest investing county

Published 20 May, 2022 11:23am

Editorials

The woeful rupee slide

EDITORIAL: The US dollar has gained in strength in the inter-bank market as well as in the foreign exchange kerb...

Published 20 May, 2022 05:42am

Print

PM issues list of 38 items

ISLAMABAD: Prime Minister’s Office has issued a list of 38 items whose import was banned by the government. Prime...

Updated 20 May, 2022 10:27am

Print

April CA deficit dips 39pc to $623m MoM

KARACHI: The country’s current account deficit sharply declined by 39 percent during the month of April 2022,...

Updated 20 May, 2022 11:44am

Business & Finance

Ban on luxury items: Business community doubtful about outcomes

KARACHI: The leadership of Businessmen Group (BMG), while referring to FBR’s recommendations to impose ban on...

Published 20 May, 2022 05:15am

Markets

Sri Lanka to default on debt, no money for fuel

COLOMBO: Sri Lanka is expected to be placed into default by rating agencies on Wednesday after the non-payment of...

Published 19 May, 2022 05:29am

Markets

OctaFx, Easy Forex: SBP issues advisory against 'illegal offshore foreign exchange trading platforms'

Any person in Pakistan buying products or services of such offshore platforms and remitting foreign exchange directly or indirectly to them through any payment channel is making himself/herself liable to be proceeded against, warns SBP

Published 18 May, 2022 07:54pm

BR Research

Remittances: Let’s see

The home remittances growth has remained unabated. The monthly inflow in April-22 for the first time in the history...

Published 16 May, 2022 06:20am

Opinion

We’re one step from Sri Lanka

It’s heartening to note that remittances from workers abroad in month of April 2022 have registered a historic...

Published 16 May, 2022 05:42am

Markets

Remittances clock in at $3.125bn in April, highest in Pakistan's history

This is the highest amount of inflow recorded in a single month
Inflow up 11.2% on a monthly basis, 11.9% on a year-on-year basis

Updated 13 May, 2022 08:06pm

Business & Finance

REAP exploring new commodity exports markets in Oman

KARACHI: Rice Exporters Association of Pakistan (REAP) is making efforts to explore new commodity exports markets in...

Updated 13 May, 2022 10:11am

World

Sri Lanka runs low on gas as supporters rally for embattled PM

COLOMBO: Sri Lankan energy companies said on Monday they were running low on stocks of liquid petroleum gas mainly...

Published 09 May, 2022 12:44pm

Perspectives

IMF programme may be crucial, but Pakistan's economic woes run really deep

Amid commencement of talks between Pakistan and the International Monetary Fund (IMF), there have been high hopes...

Updated 07 May, 2022 07:02pm

Markets

SBP-held foreign exchange reserves fall another $59mn, now stand at $10.5bn

Total liquid foreign reserves held by the country stood at $16.55 billion as of 30-April-2022

Published 06 May, 2022 08:54pm

Business & Finance

Trade with Afghanistan: PAJCCI lauds waiver of EIF, E-Form till June 30

KARACHI: Keeping recent concerns of business communities across border as communicated to Pakistan-Afghanistan Joint...

Published 03 May, 2022 03:47am

Print

Inward home remittances: ECs can maintain separate forex accounts for each MTO: SBP

KARACHI: The State Bank of Pakistan (SBP) has allowed the Exchange Companies (ECs) to maintain separate foreign...

Updated 01 May, 2022 09:05am

Markets

Rupee registers marginal fall against US dollar

Falls 0.03% in inter-bank market on Saturday

Updated 30 Apr, 2022 05:00pm

Markets

Foreign exchange reserves held by SBP fall $328mn, now stand at $10.56bn

Central bank says reserves have decreased due to external debt repayments

Published 28 Apr, 2022 08:02pm

Business & Finance

UBL earns Rs15.8bn PBT in Q1’22 as strong momentum continues with 30pc growth

KARACHI: UBL declared profit before tax (PBT) of Rs 15.8 billion for the quarter ended March 31, 2022, which...

Published 22 Apr, 2022 05:36am

Markets

SBP's reserves fall another $470mn, now stand at $10.85bn

State Bank says reserves fell due to external debt repayments

Updated 14 Apr, 2022 06:50pm

Opinion

Economic impasse — yet again

The political impasse triggered by the Deputy Speaker’s 3 April ruling dismissing the no-confidence motion against...

Published 11 Apr, 2022 05:23am

Business & Finance

SBP-held foreign exchange reserves fall another $728mn

Debt repayment and government payment pertaining to settlement of an arbitration award related to a mining project reasons behind fall, says central bank

Updated 07 Apr, 2022 07:38pm