Pakistan’s forex reserves increase to $15.71 billion

KARACHI: Pakistan’s foreign exchange reserves have increased by $743 million to $15.709 billion with inflows of $1 billion from UAE. Read more »

Investment in registered prize bonds surges by 30pc

ISLAMABAD: The investment into premium prize bonds of Rs40,000 has registered significant increase of 30 percent owing to attractive avenue for persons having legitimate money. Read more »

Credit Suisse-led consortium approved as financial consultants for RLNG power plants privatization

ISLAMABAD: The government has accorded approval to a consortium led by Credit Suisse to act as financial consultants for the privatization of the RLNG power plants. Read more »

Informal donations prone to money laundering: SECP

KARACHI: Pakistan has been rated amongst most charitable nations in the world but most donations are routed informally which makes the whole exercise prone for terror financing and money laundering, Waseem Ahmad... Read more »

Younus Dagha posted as Secretary Finance

ISLAMABAD: The government has posted Younus Dagha, BS-22 officer of Pakistan Administrative Service as Secretary Finance Division with effect from March 22, 2019. Read more »

Mobile phones import down by 22.15 percent on mandatory registration

KARACHI: The import of mobile phones has declined by 22.15 percent in February 2019 following imposition of mandatory registration with regulatory authority, said Pakistan Bureau of Statistics (PBS) on Saturday. Read more »

Foreign investment declines by 72.5 percent during July – February

KARACHI: The inflows of total foreign investment into the country fell by 72.5 percent to $1.21 billion during first eight months (July – February) of current fiscal year as compared with $4.42... Read more »

Foreign exchange reserves flat at $14.966 billion

KARACHI: The foreign exchange reserves were flat at $14.966 billion by week ended March 08, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »

ECC approves Rs2 billion for Ramazan Relief Package

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Tuesday approved Rs2 billion as Ramazan Relief Package. Read more »

Trade deficit narrows by 11 percent in eight months

ISLAMABAD: The trade deficit has narrowed by 11 percent during first eight months of current fiscal year owing decline in import bill, Pakistan Bureau of Statistics (PBS) said on Tuesday. Read more »

Remittances surge by 12pc to $14.35 billion in eight months

KARACHI: The inflows of home remittances surged by 12 percent to $14.35 billion during first eight months (July – February) of current fiscal year, State Bank of Pakistan (SBP) said on Monday. Read more »