Remittances surge by 12pc to $14.35 billion in eight months

KARACHI: The inflows of home remittances surged by 12 percent to $14.35 billion during first eight months (July – February) of current fiscal year, State Bank of Pakistan (SBP) said on Monday. Read more »

Pakistan emerges as ideal marked for investment: Razak Dawood

ISLAMABAD: Abdul Razak Dawood, Advisor to the Prime Minister on Commerce, Textile, Industries & Production on Sunday said that Pakistan has become a sought after destination for investment due to Government of... Read more »

SBP signs $2bn deposit pact with ADFD

KARACHI: State Bank of Pakistan (SBP) has signed $2 billion deposit agreement with Abu Dhabi Fund for Development, a statement said on Saturday Read more »

Prices of essential items increase by 11.72 percent: PBS

KARACHI: The prices of essential items increased by 11.72 percent by week ended March 07, 2019 when compared with the same week last year, according to data released by Pakistan Bureau of... Read more »

Pakistan’s foreign exchange reserves increase by $140 million to $14.956 billion

KARACHI: The liquid foreign exchange reserves of the country increased by $140 million to $14.956 billion by week ended March 01 as compared with $14.816 billion a week ago, State Bank of... Read more »

Company registration crosses over 95,500 by February

ISLAMABAD: Total company registration with Securities and Exchange Commission of Pakistan (SECP) has crossed 96,500 by end of February 2019. Read more »

PM approves country’s first-ever National Tariff Policy

ISLAMABAD: Prime Minister Imran Khan on Wednesday approved the first-ever ‘National Tariff Policy’ which is aiming to improve competitiveness through access to raw materials, increase employment opportunities by attracting investment through transparent... Read more »

New LNG terminal: Instructions issued for completing formalities

ISLAMABAD: Finance Minister Asad Umar on Tuesday issued instructions for expeditiously completing formalities for setting up new LNG terminal at Port Qasim. Read more »

Headline inflation rises by 8.2 percent in February

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.2 percent on year-on-year basis in February 2019 as compared to an increase of 7.2 percent in the previous month. Read more »

SPI inflation increases by 10.63 percent

ISLAMABAD: The inflation based on Sensitive Price Indicator (SPI) has increased by 10.63 percent by week ended February 28, 2019 as compared with the corresponding week a year ago, according to details... Read more »

Pakistan’s foreign exchange reserves increase to $14.815 billion

KARACHI: The total foreign exchange reserves of Pakistan increased by $21 million to $14.815 billion by week ended February 22, 2019 as compared with $14.794 billion a week ago, the State Bank... Read more »