State Bank of Pakistan (SBP) on April 11, 2023 revised the instructions regarding retention period of export proceeds with authorized dealers upon realization.
(more…)Author: Faisal Shahnawaz
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PMIC, Qarar Consultancy partner to develop credit scoring
Pakistan Microfinance Investment Company (PMIC) and Qarar Consultancy have announced a partnership to develop a credit scoring model for the microfinance sector in Pakistan.
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OICCI expresses concerns over threats to business continuity in Pakistan’s economy
Overseas Investors’ Chamber of Commerce and Industry (OICCI) has expressed concern about the threat to business continuity in Pakistan.
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Foreign investors suggest demonetization of Rs5,000 banknote in Pakistan
Foreign investors have suggested the authorities in Pakistan to demonetize Rs5,000 banknote in order to promote cashless economy.
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KSE-100 index ends in negative territory on inflow delays
KSE-100 index Tuesday ended in negative territory due to delay in inflow from International Monetary Fund (IMF) disappointed investors.
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Karachi Interbank Offered Rates KIBOR – April 11, 2023
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 11, 2023.
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PKR falls to historic low at Rs288.43 to dollar amidst volatile conditions
KARACHI: Pakistani Rupee (PKR) on Tuesday plunged to a historic low of Rs288.43 against the US dollar amidst volatile conditions.
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SBP’s weighted average customer exchange rates on April 11, 2023
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued foreign exchange rates for April 11, 2023.
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Pakistan to adjust petroleum prices from April 16, 2023
Pakistan is set to revise petroleum prices for the second half of April 2023, and experts believe that domestic prices may increase due to the decline in the value of the Pakistani rupee against the US dollar and an increase in international oil prices over the past few weeks.
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Dollar rises to PKR 287.75 during midday trading
KARACHI: During midday trading on April 11, 2023, the US dollar rose to PKR 287.75, resulting in a decline of 66 paisas for the local currency.
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