National Saving Scheme AML, CFT Rules: Supervisory board constituted for monitoring

ISLAMABAD: The ministry of finance has constituted supervisory board to provide independent oversight of implementation of National Savings Schemes (AML and CFT) Rules, 2019. Read more »

46 essential consumer items out of 51 register price hike in one year; prices go up to 116.82%

ISLAMABAD: About 46 essential consumer items out of 51 have registered increase in prices during past one year showing the inflationary pressure on the masses. Read more »

FDI data collected on fiscal year basis: Finance Division

ISLAMABAD: The Finance Division on Friday clarified news reports and said that the data of Foreign Direct Investment (FDI) collected on fiscal year basis not on calendar year basis. Read more »

Foreign exchange reserves increase to $18.271 billion

KARACHI: The liquid foreign exchange of the country increased by $148 million to $18.271 billion by week ended January 17, 2020, the State Bank of Pakistan (SBP) said on Thursday. Read more »

Policy rate likely unchanged on high inflation

KARACHI: The State Bank of Pakistan (SBP) likely to keep policy rate unchanged due recent surge in inflation, analysts said on Thursday. Read more »

Biometric verification of all saving scheme investors to be conducted under FATF recommendations

ISLAMABAD: The government will conduct biometric verification of all investors of National Saving Schemes in order to make compliance with recommendations of Financial Action Task Force (FATF), a statement issued by Finance... Read more »

Foreign exchange reserves increase to $18.123 billion

KARACHI: The foreign exchange reserves of the country have increased by $39 million to $18.123 billion by week ended January 10, 2020 as compared with $18.084 billion a week ago, State Bank... Read more »

Foreign direct investment increases by 68.3% in first half

KARACHI: The foreign direct investment (FDI) into Pakistan has increased by 68.3 percent during first six months (July – December) of 2019/2020 owing to lower outflows during the period, according to data... Read more »

Overseas Pakistanis send $11.4 billion during first half

KARACHI: Overseas Pakistanis have sent $11.4 billion during first half (July – December) 2019/2020, which is 3.31 percent higher than remittances received in the same period of the last fiscal year, State... Read more »

Economy likely to grow better than World Bank forecast: finance ministry

ISLAMABAD: The finance ministry on Thursday said that the economy likely to grow better than forecast of World Bank. Read more »