Plenary meeting of the FATF ends on Friday and a decision regarding Pakistan, whether to remove from grey list or not, is expected to be announced. “We expect Pakistan to be taken off the grey list by the FATF amid the progress Pakistan has made so far against money laundering and terrorist financing (AML/CFT) in […]
Asian Development Bank (ADB) has approved $1.5 billion in financing to help Pakistan provide social protection, promote food security, and support employment for its people amid devastating floods and global supply chain disruptions. In a statement issued on Friday, the ADB said the loan, provided under ADB’s Building Resilience with Active Countercyclical Expenditures (BRACE) Program, […]
Pakistan’s weekly foreign exchange reserves increased nominally to $13.251 billion by week ended October 14, 2022, State Bank of Pakistan (SBP) said on Thursday. The country’s foreign exchange reserves were at $13.247 billion by a week ago i.e. October 7, 2022. READ MORE: Pakistan’s forex reserves continue to fall; deplete to $13.25 billion The country’s […]
State Bank of Pakistan
KARACHI: Pakistan’s current account deficit has recorded a decline of 37 per cent to $2.21 billion during first quarter (July – September) of fiscal year 2022/2023, according to official data released on Wednesday. The current account deficit of the country was $3.53 billion in the same quarter of the last fiscal year. READ MORE: Pakistan […]
ISLAMABAD: Finance Minister Mohammad Ishaq Dar on Wednesday said there was no question of Pakistan going into default as the same had been averted, though at a very high political cost. “I want to give a message to markets through this conference… no need to get nervous, we are back to business, Insha’Allah we will […]
ISLAMABAD: The federal cabinet, chaired by Prime Minister Muhammad Shehbaz Sharif, approved the expansion of the advanced meters project beyond Islamabad to address line losses in the power sector.
Pakistan’s foreign exchange reserves continued to decline and depleted by $342 million to $13.247 billion by week ended October 07, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $13.589 billion a week ago i.e. September 30, 2022. READ MORE: Pakistan’s forex reserves decline to $13.59 […]
State Bank of Pakistan
KARACHI: Inflow of home remittances has slipped by 6.34 per cent to $7.68 billion during first quarter of the current fiscal year 2022-2023, according data released by the State Bank of Pakistan (SBP) on Tuesday. The inflow of remittances was $8.2 billion in the corresponding quarter of the last year. READ MORE: Pakistan remittances from […]
SINGAPORE: Moody’s Investors Service on Thursday downgraded the government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa1 from B3. The global rating agency also downgraded the rating for the senior unsecured MTN programme to (P) Caa1 from (P)B3. The outlook remains negative. It said that the decision to downgrade […]
KARACHI: The foreign exchange reserves of Pakistan have declined by $173 million to $13.59 billion by week ended September 30, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $13.762 billion a week ago i.e. September 23, 2022. READ MORE: State Bank’s forex reserves shrink to […]