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Business & Economy Published 28 Aug, 2024 03:39pm

Moody’s upgrades Pakistan’s credit ratings from Caa3 to Caa2

Highlights increased clarity regarding Pakistan’s external financing sources

Business & Economy Published 10 May, 2024 10:03am

IMF tranche boosts Pakistan’s reserves to 22-month high

The reserves now stand close to $9.33 billion

Business & Economy Published 10 Oct, 2023 03:55pm

Worker remittances grow by 5.3% in September

Inflows mainly sourced from Saudi Arabia, UAE, and UK

Pakistan Published 26 Sep, 2023 03:15pm

SBP suspends authorisation of two exchange companies

The central bank says they violated regulations

Pakistan Published 16 Sep, 2023 01:31pm

SBP suspends exchange company licence over violation

Company debarred from undertaking any kind of business activity

Pakistan Published 06 Sep, 2023 06:19pm

SBP brings reforms in forex sector to strengthen governance

Banks engaged in forex business to establish wholly owned Exchange Companies

Business & Economy Published 04 Jul, 2023 05:44pm

Moody’s, Fitch warn of financial risks to Pakistan despite IMF deal

$25 billion worth of repayments are about seven times Pakistan’s forex reserves

Business & Economy Published 03 Jul, 2023 09:29pm

SBP’s foreign reserves stand at $4b after increasing by $533m

Total liquid foreign exchange reserves held by the country stood at $9.34 billion

Business & Economy Updated 03 Jul, 2023 07:05pm

Rupee appreciates by Rs5 against dollar

The rupee made a recovery on the first day of trading since Eid

Business & Economy Published 24 Jun, 2023 12:27am

SBP lifts all curbs on imports

Govt granted permission to banks for providing remittances to release over 6,000 containers

Pakistan Updated 07 Apr, 2023 02:59pm

PTI govt loaned $3b to 600 people without interest: report

NA committee asks for details of people who took the loans

Business & Economy Updated 17 Feb, 2023 12:23am

Pakistan forex reserves increase over $3b

Total liquid foreign reserves stand at $8.7bn, says SBP

Business & Economy Updated 02 Feb, 2023 11:53pm

Pakistan’s forex reserves with SBP plunge to $3.09b

Rupees falls to historic low against dollar

Business & Economy Updated 30 Jan, 2023 01:27pm

Dollar continues upward trajectory, gains Rs6.40 in inter-bank market

Greenback was trading at 269 in early morning trade

Business & Economy Published 26 Dec, 2022 09:30pm

‘Economic crisis due to illegal outflow of $2 million monthly to Afghanistan’

Malik Bostan blames speculators hoarding greenback for the dire straits

Business & Economy Published 23 Dec, 2022 03:59pm

S&P downgrades Pakistan’s credit rating on weakening of several metrics

Long-term sovereign credit rating lowered to “CCC+” from “B-“

Business & Economy Published 08 Nov, 2022 09:11pm

SBP, FIA to take joint action against illegal forex

Teams will crack down on all illegal foreign exchange operators and businesses

Business Published 04 Mar, 2022 05:23pm

Pakistan's forex reserves slide below $23bn

SBP reserves decrease by $ 344 million to $ 16.462 billion

Business Published 25 Jan, 2022 10:51am

Pakistan issues $1bn Islamic sukuk at 7.95% rate

The govt decided to raise over $3b from the int'l market through issuance of sukuk in budget for FY2021-22

Business Published 06 Jan, 2022 11:49pm

SBP-held foreign exchange reserves fall $169mn, stand at $17.69bn

Total liquid foreign reserves held by the country stand at $24.02 billion

Business Published 05 Jan, 2022 10:11pm

Export proceeds: SBP amends foreign exchange regulations

The amendment comes as Pakistan's rupee hit a new all-time low last week

Business Published 24 Dec, 2021 06:19pm

Pakistan receives $300 mn from ADB for energy sector reforms

The funds received will also help strengthen foreign exchange reserves and stabilise the exchange rate

Science Published 09 Dec, 2021 11:43pm

IMF, 10 countries simulate cyberattack on global financial system

Israel led a 10-country simulation of a major cyberattack on the global financial system in an...