Foreign exchange reserves ease to $18.74 billion

KARACHI: The foreign exchange reserves of the country eased by $10 million to $18.745 billion by week ended May 02, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange... Read more »

Textile exports post sharp 64 percent decline in April

ISLAMABAD: The textile exports have witnessed massive 64 percent decline in April 2020 due to lower demand in foreign markets and cancellation of orders due to coronavirus outbreak. According to data released... Read more »

10th National Finance Commission constituted

ISLAMABAD: The President of Pakistan on Tuesday constituted the 10th National Finance Commission (NFC) consisting members of federal and provincial governments. The finance commission has been constituted with effect from April 23,... Read more »

Premium prize bonds get Rs19.21 billion investment; grow by 228 percent

KARACHI: The investment in premium prize bonds has surged by 228 percent to Rs19.21 billion by March 2020 as compared with Rs5.86 billion by the same month a year ago. According to... Read more »

Tariff Policy Board discusses budget proposals

ISLAMABAD: The Tariff Policy Board (TPB) on Monday discussed budget proposals submitted by various stakeholders. Advisor to the Prime Minister on Commerce Abdul Razak Dawood chaired the meeting. The advisor said that... Read more »

Inflows of remittances registers 5.5 percent decline in April

KARACHI: The inflow of workers remittances has registered decline of 5.5 percent in April 2020, State Bank of Pakistan (SBP) said on Monday. Workers’ remittances during April 2020 amounted to US $... Read more »

Foreign exchange reserves increase by $292 million to $18.75 billion

KARACHI: Pakistan’s foreign exchange reserves of the country have increased by $292 million to $18.755 billion by week ended April 30, 2020, State Bank of Pakistan (SBP) said on Thursday. The total... Read more »

ECC approves free period for cargo, containers landing up to May 31

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet non Wednesday approved free period from five working days to 15 working days for cargo and containers landing up to May 31, 2020.... Read more »

Fiscal deficit contracts at 3.8pc in first nine months

ISLAMABAD: The fiscal deficit has contracted at 3.8 percent during first nine months of current fiscal year. The budget deficit was 5 percent in the same moths of the last fiscal year.... Read more »

Exports fall by 54 percent in April amid COVID-19 pandemic

ISLAMABAD: Pakistan’s exports have declined by 54 percent in April 2020 owing to ongoing lockdown and cancellation of foreign orders. According to trade data released by Pakistan Bureau of Statistics (PBS) the... Read more »