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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

World Published 09 Feb, 2022 04:53pm

Sri Lanka not on verge of sovereign default, says central bank

COLOMBO: Sri Lanka's central bank said on Wednesday the country was committed to honouring all forthcoming debt...

Business Published 03 Feb, 2022 06:55pm

Rupee recovers sharply against US dollar after IMF announcement

The currency appreciated 0.51% in the inter-bank market, settling at its highest level since December 1

Business Published 27 Jan, 2022 10:31pm

SBP's foreign exchange reserves drop to $16.2bn

The reserves decrease due to external debt and other payments

Business Published 27 Jan, 2022 10:43am

SBP governor confident IMF will revive $6b loan programme

Dr Reza Baqir says the govt has taken key measures to fulfil the International Monetary Fund's conditions

Business Published 24 Jan, 2022 06:03pm

No change in interest rate: SBP Governor Dr Reza Baqir announces monetary policy

Several developments suggest demand moderating measures are gaining traction and have improved the outlook for inflation, says Monetary Policy Committee

Must Read Published 08 Jan, 2022 10:51am

SBP Amendment Act: NAB, FIA to have powers to probe SBP officials?

Indemnity is being proposed for actions taken in good faith, so that officials are not afraid to take actions

Business Published 07 Jan, 2022 12:46am

Against USD: Pakistan's rupee weakens yet again

Last week, the PKR had closed at its all-time record low of 178.24 against the USD

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 04 Jan, 2022 11:07am

New framework: SBP to grant two types of digital bank licences

Digital Retail Bank will focus on retail customers and Digital Full Bank can deal with retail customers as well as business and corporate entities

Business Published 03 Jan, 2022 11:13pm

SBP launches licensing and regulatory framework for digital banks

SBP says licensing and regulatory framework provides details for setting up digital banks as a separate category

Business Published 31 Dec, 2021 01:30pm

Mini Budget, SBP (Amendment) Bill: NA session adjourned again

The approval of the Finance (supplementary) Bill, 2021 and State Bank of Pakistan (Amendment) Bill, 2021 was again...

Business Published 16 Dec, 2021 10:39pm

Pakistan's rupee remains unchanged against US dollar in inter-bank market

Pakistan's rupee remained unchanged against the US dollar, staying near the 178-mark

Business Published 29 Nov, 2021 05:02pm

Pakistan, Saudi Arabia sign $3-billion deposit agreement

Deposit will help support Pakistan’s foreign currency reserves and contribute towards resolving adverse effects of Covid-19 pandemic

Business Published 26 Nov, 2021 05:19pm

Against USD: Pakistan's rupee ends near historic low

Pakistan's rupee weakened further against the US dollar to close near its historic low after another round of...