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Business & Economy Published 21 Apr, 2022 06:48pm

Rupee closes near 187 after fourth straight loss against US dollar

PKR falls another 0.56% against the greenback in inter-bank market on Thursday

Business & Economy Published 19 Apr, 2022 07:54pm

Rupee registers massive loss against US dollar

The local currency closes at 184.44 after a day-on-day depreciation of Rs1.90

Business & Economy Published 14 Apr, 2022 06:30pm

Rupee records fifth successive gain against US dollar

In the last five trading sessions, the rupee has appreciated by 3.6%

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 07 Apr, 2022 05:03pm

At emergency meeting, SBP raises policy rate by 250 basis points to 12.25%

Central bank is in process of taking further actions to reduce pressures on inflation, current account

Business & Economy Published 06 Apr, 2022 05:58pm

Rupee continues free fall, crossing 186 against US dollar

Rupee closes at 186.13, its weakest level in history, after a day-on-day depreciation of 90 paisas

Business & Economy Published 05 Apr, 2022 10:41am

SBP defers some requirements for Afghan transit trade till December 31

Requirement also pertains to submission of proceeds realization certificate for freight

Pakistan Published 01 Apr, 2022 10:35am

Forex reserves fell by $3b due to repayment of syndicated loan facility from China

SBP expects this loan will be rolled over as negotiations are under way

Pakistan Published 30 Mar, 2022 12:01pm

President Arif Alvi says banks are responsible for customers’ money

Urges bank to ensure security of account holders’ deposits and data

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

Pakistan Published 14 Mar, 2022 08:40am

ECC ‘all set to clear’ CPEC IPPs dues with approval of worth Rs50b revolving account

Power Division has requested Finance Division to provide government guarantee for the credit line facility

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 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 Updated 08 Mar, 2022 08:38am

Pakistan seeks $21b Chinese loan to meet financial needs

Seeks rollover of existing loans of $10.735 billion and $10 billion as deposit fund

Must Read Published 07 Mar, 2022 11:20am

India rupee falls to lifetime low as oil prices surge; yields rise

MUMBAI:The Indian rupee fell to a historic low on Monday, while bond yields surged as a sharp rise in global prices...

World Published 28 Feb, 2022 07:15pm

US bans transactions with Russian central bank

This new move will make it hard for the Russian central bank to use its vast reserves of hard currency to buy rubles

Business Published 18 Feb, 2022 05:06pm

Rupee falls near 176 against US dollar

Depreciates 0.27% in inter-bank market on Friday

Business Published 18 Feb, 2022 12:07am

Rupee manages to hold ground in a second consecutive session against US dollar

The currency's strength comes as oil prices stop their upwards surge

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

Business Published 12 Feb, 2022 01:21am

Remittances decline 14.9% month-on-month, amount to $2.14bn in Jan

However, during the 7 months of FY22 (July-January), remittances have risen to a record $18 billion