Foreign exchange reserves down by $387 million to $14.486 billion

KARACHI: The liquid foreign exchange reserves of the country have declined by $387 million to $14.486 billion by week ended July 19, 2019 as compared with $15.249 billion a week ago, State... Read more »

Imran Khan discusses economic reforms with IMF chief

WASHINGTON: Prime Minister Imran Khan on Sunday met David Lipton, Acting Managing Director of International Monetary Fund to discuss economic reform program. Read more »

Textile exports decline by 15pc in June on budgetary measures

KARACHI: Pakistan’s textile exports fell by 15 percent in June 2019 to $1.01 billion as compared with $1.19 billion in the same month of the last year, according to export data released... Read more »

Foreign exchange reserves increase to $15.249 billion

KARACHI: The total liquid foreign exchange reserves of the country increased by $990 million to $15.249 billion by week ended July 12, 2019 as compared with $14.259 billion a week ago, State... Read more »

Fiscal deficit deteriorates on slowdown in tax collection: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the fiscal deficit was ballooned owing to slowdown in tax revenue collection and fall in non-tax revenue. Read more »

Foreign direct investment falls by 50 percent in 2018/2019

KARACHI: The inflow of foreign direct investment (FDI) to the country has declined by 50 percent to $1.73 billion during fiscal year 2018/2019 as compared with $3.47 billion in the preceding fiscal... Read more »

Fresh audits of PIA, Pakistan Steel to be conducted for transparency

KARACHI: The federal government will conduct fresh audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) in order to ensure transparency in state-owned enterprises (SOE). Read more »

Trade deficit narrows by 15.33pc to $31.82 billion in 2018/2019

ISLAMABAD: The country’s trade deficit has narrowed by 15.33 percent during fiscal year 2018/2019 owing to decline in import bill, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. Read more »

No compromise on documentation; PM refuses to withdraw CNIC condition

KARACHI: Prime Minister Imran Khan on Wednesday showed firm resolve to document the economy and flatly refused demands of business community to withdraw condition of CNIC on sales above Rs50,000. Read more »

Foreign remittances grow by 9.68pc to $21.84bn in 2018/2019

KARACHI: Overseas Pakistanis workers have sent $21.84 billion during 2018/2019, around 9.68 percent higher when compared with $19.91 billion during the preceding year, State Bank of Pakistan (SBP) said on Wednesday. Read more »

No action against companies for gold, valuables recovery: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday strongly refutes the reports attributing the commission for taking action against companies to recovery gold and other valuable properties. Read more »