Pakistan’s foreign exchange reserves fall by $769 million to $15 billion

KARACHI: Pakistan’s total foreign exchange reserves declined by $769 million to $15 billion by week ended September 27, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »

SECP revokes licenses of 22 not for profit companies; total cancellation tops 319

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has cancelled licenses of 22 Not for Profit Companies during first quarter of the current fiscal year. The regulator so far revoked licenses... Read more »

Headline inflation increases by 11.4 percent in September

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 11.4 percent in the month of September 2019, said Pakistan Bureau of Statistics (PBS) on Wednesday. Read more »

Pakistan’s foreign exchange reserves decrease by $125 million

KARACHI: The liquid foreign exchange reserves of the country fell by $125 million to $15.773 billion by week ended September 20, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »

Car imports fall sharply by 85 percent in first two months

KARACHI: The import of old and use cars sharply fell by 85 percent during first two months of current fiscal year owing to payment restriction imposed for customs clearance. Read more »

FBR taking significant steps to improve tax administration: IMF

ISLAMABAD: International Monetary Fund (IMF) on Friday said that Federal Board of Revenue (FBR) is undertaking significant steps to improve tax administration and its interface with taxpayers. Read more »

Reform program results encouraging, SBP tells IMF

KARACHI: The State Bank of Pakistan (SBP) has informed the International Monetary Fund (IMF) that initial results from the reform program are encouraging. Read more »

Pakistan foreign exchange reserves increase by $148 million to $15.898 billion

KARACHI: The foreign exchange reserves of Pakistan has increased by $148 million to $15.898 billion by week ended September 13, 2019 as compared with $15.75 million a week ago, State Bank of... Read more »

Stock market gains 629 points on buying activity

KARACHI: The stock exchange gained 629 points on Thursday owing to buying activity observed across the board. Read more »

Foreign direct investment falls by 58.4pc in July – August

KARACHI: The inflow of foreign direct investment (FDI) has declined 58.4 percent in the first two months of current fiscal year, according to data released by State Bank of Pakistan (SBP) on... Read more »