Cash margin requirement on goods import removed KARACHI: The State Bank of Pakistan (SBP) Friday announced the removal of Cash Margin Requirement (CMR) on import of... Updated 25 Mar, 2023 08:49am
Print Forex reserves cross $10bn mark KARACHI: The country‘s total liquid foreign exchange reserves crossed the $10 billion mark supported by foreign... Updated 25 Mar, 2023 08:50am
Markets SBP-held forex reserves increase $280mn, now stand at $4.6bn This is the sixth successive increase in reserves on a weekly basis Updated 24 Mar, 2023 05:08pm
Business & Finance Jul-Feb CA declines 68pc YoY KARACHI: The country’s current account deficit narrowed by 68 percent during the first eight months of this fiscal... Published 21 Mar, 2023 06:29am
Business & Finance Enhancement in exports requires wide structural reforms, says BMP LAHORE: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel stressing the need for... Published 20 Mar, 2023 06:56am
Business & Finance Pakistan receives $500m from China’s ICBC bank KARACHI: Pakistan has received a loan tranche from China of $500 million that will help the country shore up its... Published 18 Mar, 2023 06:14am
Business & Finance PNSC, ENAR Petroleum Refining Facility sign MoU KARACHI: In pursuance to explore avenues for reduction in operational costs of the corporation, a Memorandum of... Published 17 Mar, 2023 06:15am
Business & Finance Forex reserves up by $93m KARACHI: The country’s total liquid foreign exchange reserves rose by $93 million during the last week. According... Published 17 Mar, 2023 06:15am
Editorials Bank borrowing EDITORIAL: Bank deposits grew by 15 percent in one year to 22.92 trillion rupees in February 2023 compared to 19.91... Published 16 Mar, 2023 06:01am
Business & Finance Lotte Chemical to suspend plant operations today KARACHI: The Lotte Chemical Pakistan Limited has decided to temporarily suspend its plant operations from Wednesday... Published 15 Mar, 2023 06:01am
Opinion Shape up or ship out! For the past few months, there has been significant concern and consternation over the possibility of a Pakistani... Published 12 Mar, 2023 05:55am
Print SBP informs Senate panel: Forex’s fall has led to 28.2pc PKR slump in FY23 so far ISLAMABAD: The country’s foreign exchange reserves are at present below one month of imports. This led to an... Updated 12 Mar, 2023 03:54pm
Business & Finance PIDE’s first-ever EconFest held: Country needs to boost exports to $100bn in 5-8 years: minister ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has said Pakistan needs ... Published 12 Mar, 2023 05:55am
Business & Finance Country to be on brink of default for foreseeable future: FPCCI KARACHI: President of the FPCCI Irfan Iqbal Sheikh has stressed that it is the collective wisdom of the entire... Published 10 Mar, 2023 03:46am
Markets On back of another Chinese loan, SBP-held forex reserves increase $487mn, now stand at $4.3bn This is the fourth successive increase in central bank-held reserves on weekly basis Updated 09 Mar, 2023 09:33pm
Editorials Soaring debt EDITORIAL: The government’s total debt stock rose to 55 trillion rupees by end January 2023 as per data released ... Published 09 Mar, 2023 06:23am
Print Import curbs to be eased after IMF review: SBP chief Jameel Ahmed says pressure of inflation will remain for two to three months Updated 09 Mar, 2023 12:37pm
Editorials MPS: steep rate hike to tame inflation EDITORIAL: In spite of the Monetary Policy Committee’s (MPC’s) decision to raise the discount rate to 20 percent... Published 06 Mar, 2023 06:22am
Opinion Moody’s: there’s method in its madness Moody’s Investors Service early this week downgraded Pakistan’s local and foreign currency issuer and senior... Published 04 Mar, 2023 06:10am
Print $1.3bn financing from China’s ICBC expected ISLAMABAD: Finance Minister Ishaq Dar has stated that the budget deficit is manageable but the external account... Updated 04 Mar, 2023 09:13am
Print Policy rate hiked by 300bps to 20pc to tame inflation KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Thursday increased the key... Updated 03 Mar, 2023 08:53am
Print Jul-Jan: $6.134bn borrowed from multiple sources ISLAMABAD: The government has borrowed $6.134 billion from multiple financing sources including $1.166 billion from... Updated 03 Mar, 2023 08:52am
Markets On back of loan from China, SBP-held foreign exchange reserves increase $556mn, now stand at $3.81bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $556 million to $3.81 billion, data... Published 02 Mar, 2023 06:35pm
Opinion Past the point of no return! For weeks noted economists and economic researchers have cited numerous indicators, like low foreign exchange... Updated 02 Mar, 2023 06:51am
Opinion IMF conditionalities: fiscal reforms The International Monetary Fund (IMF) typically imposes a series of conditions on countries that receive financial... Published 01 Mar, 2023 06:21am
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
Editorials The floundering economy EDITORIAL: Current account deficit has declined 67 percent to 3.8 billion dollars (July-January 2022-23) against... Published 27 Feb, 2023 06:17am
Print $700m Chinese loan lands in SBP account KARACHI: The country has received inflows amounting to $700 million from China to build the sliding foreign exchange... Updated 25 Feb, 2023 09:01am
Markets Rupee continues recovery against US dollar, closes tad below 260 Currency settles at 259.99 in inter-bank market Updated 24 Feb, 2023 08:40pm
Opinion Finally, there’s light at the end of the tunnel President Dr Arif Alvi has signed the supplementary finance bill 2023 into law. This development will surely lead to... Published 24 Feb, 2023 06:00am
