Trends - foreign exchange - Business Recorder

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Core banking systems: SBP asks banks to submit FERs data

KARACHI: The State Bank of Pakistan (SBP) has asked banks to submit data of Foreign Exchange Returns (FERs) prepared...

Updated 13 Apr, 2023 08:49am

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MoC shares its financial woes with Senate panel

Says budget and foreign exchange availability from SBP have choked its efforts for improvement

Updated 08 Apr, 2023 01:49pm

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$3bn loan at zero interest rate: NA panel asks SBP to submit list of 600 borrowers

ISLAMABAD: The National Assembly Standing Committee on Finance, Thursday, directed the State Bank of Pakistan (SBP)...

Updated 07 Apr, 2023 08:49am

Business & Finance

Average inflation projected at 27.5pc: Growth likely to decelerate to 0.6pc: ADB

ISLAMABAD: Pakistan’s GDP growth is expected to decelerate significantly to 0.6 per cent in the fiscal year 2023...

Published 05 Apr, 2023 06:16am

Markets

SBP raises key policy rate by 100 basis points, takes it to 21%

MPC statement says there are early indications of inflation expectations plateauing, albeit at an elevated level

Updated 04 Apr, 2023 07:32pm

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If not effected, up to 9pc of amount to be marked as lien: SBP asks exporters to bring in delayed proceeds by 30th

KARACHI: The State Bank of Pakistan (SBP) Friday asked exporters to bring delayed export proceeds to Pakistan by...

Updated 01 Apr, 2023 08:50am

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Forex buyers, sellers: Senate panel urged to remove CNIC-video condition

ISLAMABAD: Exchange Companies Association of Pakistan (ECAP) Chairman Malik Bostan Wednesday suggested to the Senate...

Updated 30 Mar, 2023 08:27am

Business & Finance

Declining foreign investment: Experts discuss impact of legal system flaws

KARACHI: The government needs to take urgent measures to stem declining foreign investment into the country and a ...

Published 30 Mar, 2023 06:35am

Markets

Adjustment of foreign exchange losses: Serious flaws in Ogra policy pointed out

LAHORE: The stakeholders of the oil sector have pointed out serious flaws in the policy of the Oil and Gas ...

Published 27 Mar, 2023 06:15am

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IPPs: Power Div asked to resolve payment issues on priority basis

ISLAMABAD: Prime Minister’s Office (PMO) has asked Power Division to convene a meeting of Steering Committee on...

Updated 22 Mar, 2023 08:59am

Markets

Remittances clock in at $2bn in February, down 9.5% on a yearly basis

Inflow, however, recovers marginally on month-on-month basis

Updated 10 Mar, 2023 07:17pm

Business & Finance

Containers stuck at ports: ECC seeks report on waiver of storage charges

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Ministry of Maritime Affairs (MOMA)...

Updated 09 Mar, 2023 08:53am

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Forex manipulation: SBP governor says probe against banks completed

ISLAMABAD: Governor of the State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said that the inquiry report...

Updated 09 Mar, 2023 08:55am

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Rs12bn will be given for 7th Census: ECC approves Hajj Policy 2023 with $90m forex cover

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the Hajj Policy for 2023 with...

Updated 07 Mar, 2023 08:50am

Business & Finance

SBP expedites proceedings against exporters for realisation of e-forms

LAHORE: The State Bank of Pakistan (SBP) has expedited proceedings against exporters for realization of E-forms by...

Published 04 Mar, 2023 06:50am

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Charges on stuck cargoes waived off: ECC approves uniform wheat support price

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved a uniform procurement price of ...

Updated 02 Mar, 2023 09:19am

Opinion

The exchange rate: a steady hum of discontent

No economic variable captures the popular imagination in Pakistan more than the exchange rate. After Pakistan moved...

Published 28 Feb, 2023 06:15am

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FBR asks Customs to deposit confiscated foreign currencies in NBP

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the customs authorities to deposit the confiscated ...

Updated 27 Feb, 2023 08:41am

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Equipment import: IPPs seek amendment to SBP’s circular

ISLAMABAD: Independent Power Producers (IPPs) have sought amendment to State Bank of Pakistan (SBP) Circular of...

Updated 25 Feb, 2023 09:00am

Markets

Minor relief: SBP-held foreign exchange reserves rise $66mn, now stand at $3.26bn

This is the second successive weekly increase in central bank's reserves

Published 23 Feb, 2023 07:40pm

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Forex reserves to get much-needed boost: China lends a hand amid IMF procrastination

Board of China Development Bank approves facility of $700 million

Updated 23 Feb, 2023 09:24am

Pakistan

Pakistan may need debt adjustment despite IMF support: Barclays

In its report 'Payment halt a possibility', Barclays says lack of new bilateral financing agreements reflects Pakistan’s complex political environment & macroeconomic instability

Updated 22 Feb, 2023 05:21pm

Pakistan

China Development Bank approves $700mn facility for Pakistan: Dar

Amount expected to be recieved by SBP this week, says finance minister

Updated 22 Feb, 2023 09:06pm

Markets

Minor relief: SBP-held foreign exchange reserves rise $276mn, now stand at $3.19bn

Total liquid foreign reserves held by the country clock in at $8.7 billion

Published 16 Feb, 2023 07:51pm

Opinion

The challenge of SOEs — II

The SOEs (State-Owned Enterprises) are generally being run at the whim of a chosen few, who are beholden to no ...

Published 16 Feb, 2023 06:08am

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SBP takes steps aimed at timely realisation of export proceeds

Has decided to initiate necessary action in all those cases where full export proceeds are not realized within prescribed time period as defined Foreign Exchange Manual

Updated 15 Feb, 2023 12:34pm

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Purchases by Discos from net metering consumers: Nepra trashes plan to revise power rates

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has trashed its plan to revise rates of...

Updated 15 Feb, 2023 09:07am

Business & Finance

Thar power project: Minister vows to provide all facilities to investors

KARACHI: Sindh Energy Minster Imtiaz Ahmed Shaikh on Sunday said that Thar Coal Power Project was the best resource...

Published 13 Feb, 2023 06:26am

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Industry yet to export any amount of sugar

ISLAMABAD: The country’s sugar industry has not yet been able to export any amount of sugar out of 250,000 tons...

Updated 04 Feb, 2023 09:29am

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Dar approves proposal to raise $2bn from expats

KARACHI: As Pakistan is grappled with economic challenges, Finance Minister Ishaq Dar Thursday approved a proposal...

Updated 03 Feb, 2023 08:58am