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 »

Prize bonds, bearer instruments to be registered

KARACHI: Pakistani authorities have assured International Monetary Fund (IMF) of registering prize bonds and other bearer instruments to eliminate the use of these instruments in potential illegal activities and tax avoidance. Read more »

Pakistan’s foreign exchange reserves increase to $14.443 billion

KARACHI: The total foreign exchange reserves of Pakistan increased by $92 million to $14.443 billion by week ended June 28, 2019 as compared with $14.351 billion in the previous week, the State... Read more »

IMF approves $6 billion loan for Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has approved a 39-month extended arrangement for Pakistan under which the country will get $6 billion to support the economic reform program, said a statement. Read more »

Headline inflation increases by 8.9 percent in June

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.9 percent on year-on-year basis in June, 2019 as compared to an increase of 9.1 percent in the previous month... Read more »

Amnesty scheme extended for three more days

ISLAMABAD: The government has extended the date for tax amnesty scheme for three days on the same day when IMF board meeting to be held to discuss and approve Pakistan loan program. Read more »

Commerce ministry enhances shelf life condition to discourage substandard edible imports

ISLAMABAD: The ministry of commerce has put mandatory requirement of 66 percent shelf life on imported edible items in order to discourage not fit items and save huge foreign exchange. Read more »

Pakistan’s forex reserves deplete by $288 million to $14.351 billion

KARACHI: The liquid foreign exchange reserves of Pakistan fell by $288 million to $14.351 billion by week ended June 21 as against $14.639 billion a week ago, State Bank of Pakistan (SBP)... Read more »

ECC approves tax incentives to shipping industry for next 10 years

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Wednesday extended tax incentives to shipping industry for next 10 years. Read more »

Foreign exchange reserves decline to $14.64 billion

KARACHI: The foreign exchange reserves of the country have declined by $188 million to $14.639 billion by week ended June 14, 2019 as compared with $14.826 billion by June 03, 2019, State... Read more »