Sep 29

State Bank’s forex reserves shrink to $8 billion

KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $340 million to $8 billion by week ended September 23, 2022, according to a statement issued on Thursday. The official foreign exchange reserves of the central bank were at $8.346 billion a week ago i.e. September 16, 2022. READ MORE: Pakistan’s […]

by Faisal Shahnawaz

Dar rejects allegations for keeping PKR overvalued

Sep 28

Finance, Top stories

Dar rejects allegations for keeping PKR overvalued

ISLAMABAD: Federal Minister Ishaq Dar on Wednesday rejected allegations for injecting dollars to keep Pakistani Rupee (PKR) overvalued. Speaking to the media on arrival at the Finance Ministry, Federal Minister Ishaq Dar said the speculators will not be allowed to play with the local currency. READ MORE: PKR makes recovery against dollar for fourth straight […]

by Mrs. Anjum Shahnawaz

Miftah resigns as finance minister after taking tough decisions

Sep 25

Finance, Top stories

Miftah resigns as finance minister after taking tough decisions

Dr. Miftah Ismail has resigned the post of the finance minister on Sunday. Ismail has taken many tough decisions for the country’s economy during his stay since April 2022. “In a meeting with Mian Nawaz Sharif and Prime Minister Shehbaz Sharif today [Sunday September 25, 2022], I have verbally resigned as Finance Minister. I will […]

by Mrs. Anjum Shahnawaz

ACCA hosts conference for Pakistan sustainable growth

Sep 23

Finance

ACCA hosts conference for Pakistan sustainable growth

KARACHI: The Association of Chartered Certified Accountants (ACCA) hosted a large-scale corporate conference in Peshawar, themed ‘Rethinking a better world – Sustainable Growth for Pakistan,’ featuring representation from the country’s top businesses, thought leadership and policymakers. The conference provided a platform for the region’s key stakeholders and brightest minds to engage in interdisciplinary, forward-thinking conversations […]

by Hamza Shahnawaz

Pakistan’s forex reserves slip to $14.07 billion

Sep 22

Finance, Top stories

Pakistan’s forex reserves slip to $14.07 billion

KARACHI: Pakistan’s foreign exchange reserves slipped by $247 million to $14.07 billion by week ended September 16, 2022, State Bank of Pakistan (SBP) said on Thursday. The total liquid foreign exchange reserves of the country were at $14.317 billion a week ago i.e. September 09, 2022. READ MORE: Pakistan FX reserves slip to $14.32 billion […]

by Hamza Shahnawaz

ECC approves clearance of banned items landed till August 18, 2022

Sep 22

Finance, Ports and Shipping, Top stories

ECC approves clearance of banned items landed till August 18, 2022

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the customs clearance of banned items, which landed till August 18, 2022. Federal Minister for Finance and Revenue Miftah Ismail virtually presided over the meeting of the ECC. Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Khurram Dastgir Khan, Federal […]

by Mrs. Anjum Shahnawaz

Pakistan current account deficit narrows by 19% in July – August

Sep 22

Finance, Top stories

Pakistan current account deficit narrows by 19% in July – August

KARACHI: Pakistan current account deficit recorded a contraction of 19 per cent during first two months (July – August) of the current fiscal year 2022/2023, according to data released by State Bank of Pakistan (SBP) on Wednesday. The current account deficit during the period under review was at $1.92 billion as compared with $2.37 billion […]

by Faisal Shahnawaz

Pakistan FX reserves slip to $14.32 billion

Sep 15

Finance, Top stories

Pakistan FX reserves slip to $14.32 billion

KARACHI: The foreign exchange (FX) reserves of Pakistan have slipped by $156 million to $14.32 billion by week ended September 09, 2022, according to data released by the State Bank of Pakistan (SBP) on Thursday. Total foreign exchange reserves of the country were at $14.473 billion a week ago i.e. September 02, 2022. READ MORE: […]

by Hamza Shahnawaz

Pakistan raises petroleum prices by 100% in one year

Sep 9

Energy, Finance, National, Top stories

Pakistan raises petroleum prices by 100% in one year

ISLAMABAD: Pakistan has increased prices of petroleum products by around 100 per cent during past one year, according to official data released on Friday. According to data released by Pakistan Bureau of Statistics (PBS), the price of petrol was increased by 99 per cent to Rs236.98 per liter by week ended September 08, 2022 as […]

by Mrs. Anjum Shahnawaz

USC to disburse ration bags worth Rs540 million to flood victims

Sep 8

Finance, National, Top stories

USC to disburse ration bags worth Rs540 million to flood victims

ISLAMABAD: Utility Stores Corporation (USC) will disburse 113,700 ration bags worth Rs540 million to the flood affected people across the country. In this regard the Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the grant in favor of the USC. Ministry of Industries and Production presented a summary for release of funds for […]

by Mrs. Anjum Shahnawaz