SBP’s reserves fall below $7 billion

KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) have fallen below $7 billion, a statement said on Thursday. Read more »

Hopes of oil, gas discovery in offshore drilling by April

ISLAMABAD: Federal Minister for Petroleum Ghulam Sarwar Khan on Wednesday said that 2019 will be good year for Pakistan. Read more »

Car imports fall sharply by 43pc on regulatory duty, currency devaluation

KARACHI: The import of used motor vehicles sharply decline by 43 percent during first half of current fiscal year owing to significant devaluation of local currency and imposition of regulatory duty.  ... Read more »

Foreign direct investment falls by 19.2pc in July-December

KARACHI: The inflow of Foreign Direct Investment (FDI) into Pakistan fell by 19.2 percent during first half (July – December) of the current fiscal year, State Bank of Pakistan (SBP) said on... Read more »

ECC approves clearance of imported vehicles on verified foreign currency payment

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved clearance of imported vehicles under different schemes only through payment in foreign exchange. Read more »

Inflation increases more faster for lower income group

ISLAMABAD: The prices of essential items have increased more faster for lower income group earning up to Rs8,000 per month as compared with other income groups. Read more »

Mini budget to be presented on January 23: Asad Umar

KARACHI: Finance Minister Asad Umar on Saturday said that planned mini budget will be announced on January 23, 2019.       “Earlier it was decided to present the supplementary finance bill... Read more »

President reconstitutes National Finance Commission

ISLAMABAD: The President of Pakistan Dr. Arif Alvi has re-constituted the National Finance Commission (NFC), which consists of 10 members.     According to a notification issued by the Finance Division on... Read more »

RD regime brings down import by 23pc

ISLAMABAD: The recently imposed regulatory duties on luxury and non-essential items have brought down imports by 23 percent in December 2018.     A statement on Thursday said that the decline in... Read more »

Pakistan’s forex reserves fall by $240 million to $13.597 billion

KARACHI: Pakistan’s foreign exchange reserves fell by $240 million to $13.597 billion by week ended January 04, 2019 as compared with $13.837 billion in the preceding week, State Bank of Pakistan (SBP)... Read more »