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Pakistan Published 06 May, 2022 08:51pm

Govt offices to remain open six days a week

Public offices will be open from 8am to 3pm on Saturday as well as other days, Friday work day to be from 8am to 1pm

Business & Economy Updated 16 Apr, 2022 09:19pm

SBP to observe six-day working week with revised working hours

The SBP says these timing will also be followed by all banks, development financial institutions and microfinance banks

Business & Economy Published 12 Apr, 2022 08:28am

Moody’s expects 3-4% growth this year in Pakistan

Says asset risk is mainly linked to banks’ high exposure to government securities

Business & Economy Published 11 Apr, 2022 08:25pm

SBP rejects claims of 'large withdrawals' from Roshan Digital Accounts

The clarification comes after social media posts claiming that overseas Pakistanis are withdrawing their investments

Business & Economy Updated 11 Apr, 2022 06:44pm

Pakistan’s dealings with IMF remain strong, says Reza Baqir

SBP governor cites it’s important for economic policymaking institutions to act on a ‘timely basis’

Business & Economy Published 09 Apr, 2022 10:45am

IMF lauds SBP’s decision to hike policy rate by 250bps

IMF further notes staff and the SBP agreed that the pace of policy rate adjustment should take into account the broader policy mix and the degree of fiscal adjustment

Business & Economy Published 08 Apr, 2022 04:08pm

Rupee rebounds in the wake of SC ruling, posts massive recovery against dollar

Pakistan rupee's lengthy depreciation run ends as it closes at 184.68 against the greenback

Business & Economy Published 07 Apr, 2022 04:41pm

Rupee continues to plummet, closes at over 188 against US dollar

Pakistan's rupee continued to plummet as the ongoing political crisis coupled with depleting foreign exchange...

Business & Economy Published 06 Apr, 2022 09:18am

Pakistan’s debt stock increases 10% to Rs42tr in eight months

Economists say debt burden is rising due to continued borrowing from domestic and external resources

Business & Economy Updated 31 Mar, 2022 06:03pm

Rupee hits record low as market sentiment rattled amidst political uncertainty

Rising commodity prices coupled with an increase in domestic political uncertainty pushed Pakistan's rupee to yet...

Business Updated 29 Mar, 2022 05:12pm

Rupee falls to yet another all-time low against US dollar

Pakistan’s rupee fell to yet another low against the US dollar after depreciating 0.08% in the inter-bank on...

Business Published 28 Mar, 2022 05:08pm

Another record low: Pakistan's rupee crosses 182 level in inter-bank market

Rising commodity prices and overall domestic political uncertainty pushed Pakistan's rupee to fall further against...

Business Updated 25 Mar, 2022 11:11am

Foreign exchange reserves fall by $844m in a week

Reserves decrease due to external debt and other payments

Business Published 22 Mar, 2022 05:38pm

Another day, another record low for Pakistan rupee against US dollar

Pakistan rupee fell for the seventh consecutive session against the US dollar, as the local currency registered a ...

Business Published 21 Mar, 2022 05:06pm

Rupee falters for sixth straight session against US dollar

Rising political noise over the no-confidence motion against Prime Minister Imran Khan and uncertainty over the...

Business Published 15 Mar, 2022 05:03pm

Pak rupee hits new all-time low against dollar

Concerns pertaining to the geopolitical situation added to the woes of the Pakistani Rupee, which for the first time...

Pakistan Updated 14 Mar, 2022 04:13pm

Pakistan, Saudi Arabia to finalise $1.2 billion oil facility agreement by March 28

Petroleum Division will finalise process of deal at the earliest

Business Published 10 Mar, 2022 11:51pm

Remittances up 2% month-on-month, amount to $2.2bn in February

State Bank of Pakistan says remittances increase despite fewer working days

Business Published 09 Mar, 2022 06:07pm

Pak rupee drops to new low against US dollar

The Pakistani rupee continued its downward trajectory, as it settled on another record low against the US dollar,...

Business Published 08 Mar, 2022 04:48pm

SBP keeps interest rate unchanged at 9.75%

The government also decides to cut petroleum products' rates by Rs10 per litre and electricity rates by Rs5 per unit

Business Published 08 Mar, 2022 04:42pm

Pakistan Rupee falls to historic low against US dollar

High oil prices kept Pakistan's currency on the back foot, which dropped to its lowest level against the US dollar,...

Pakistan Published 08 Mar, 2022 09:02am

Tarin for easing out loan disbursement process for housing scheme

Says performance of banks being monitored in disbursement of loans

Business Published 04 Mar, 2022 05:23pm

Pakistan's forex reserves slide below $23bn

SBP reserves decrease by $ 344 million to $ 16.462 billion

Must Read Published 24 Feb, 2022 05:55pm

Rupee falls against US dollar after Russia announces 'military operation' against Ukraine

Geopolitical tension flared further after Russian President Vladimir Putin announced the launch of a major offensive...

Business Published 15 Feb, 2022 07:25pm

E-banking transactions were showing 30 per cent growth annually: Reza Baqir

Says e-banking transactions are considerably more than country’s total GDP which currently stands at $370 billion