Mar 15

ECC approves Ramzan Relief Package for all Pakistanis

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved Rs8.2 billion for Ramzan Relief Package for all Pakistanis. Federal Minister for Finance and Revenue Shaukat Tarin presided over Economic Coordination Committee (ECC) of the Cabinet, on Tuesday. Ministry of National Food Security & Research presented a summary for Ramzan Relief Package. The ECC approved […]

by Mrs. Anjum Shahnawaz

Pakistan briefs Saudi envoy on investment opportunities

Mar 11

Finance

Pakistan briefs Saudi envoy on investment opportunities

ISLAMABAD: A state minister on Thursday briefed Saudi envoy about investment opportunities in Pakistan. Minister of State and Chairman Board of Investment (BOI), Muhammad Azfar Ahsan highlighted the investment opportunities at a meeting with the Ambassador of Kingdom of Saudi Arabia to Pakistan, Nawaf bin Said Al-Malki. Both sides shed light on the cordial relations […]

by Mrs. Anjum Shahnawaz

SBP’s reserves slip by $250 million on foreign payments

Mar 11

Finance

SBP’s reserves slip by $250 million on foreign payments

KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) declined by $250 million owing to external debt payments. The official reserves of the central bank decreased to $16.212 billion by week ended March 04, 2022. The central bank’s official reserves were $16.462 billion a week ago on February 25, 2022, the SBP […]

by Faisal Shahnawaz

SBP receives $2.2 bn as workers remittances in February

Mar 10

Finance

SBP receives $2.2 bn as workers remittances in February

KARACHI: The State Bank of Pakistan (SBP) has received $2.2 billion as workers remittances during February 2022, a statement said on Thursday. With $2.2 billion of inflows during February 2022, workers’ remittances continued their strong performance and have remained above $2 billion since June 2020. In terms of growth, during February 2022, remittances increased by […]

by Faisal Shahnawaz

IMF should not object to PM relief package: Tarin

Mar 10

Finance, National, Top stories

IMF should not object to PM relief package: Tarin

ISLAMABAD: Pakistan’s Finance Minister Shaukat Tarin on Wednesday said International Monetary Fund (IMF) should not object to the relief package announced by the prime minister as the country is generating own resources for the package besides increasing the revenue. The Finance Minister addressing a new conference here said negotiations have been held with the IMF […]

by Mrs. Anjum Shahnawaz

ECC approves Ramzan relief package worth Rs8.28 bn

Mar 7

Finance, National, Top stories

ECC approves Ramzan relief package worth Rs8.28 bn

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a Relief Package worth Rs8.28 billion to provide essential items at subsidized rates during the holy month of Ramzan. The ECC approved a summary tabled by Ministry of Industries and Production for Ramzan Relief Package 2022. The ECC after discussion approved Ramzan Relief […]

by Mrs. Anjum Shahnawaz

Pakistan, Saudi Fund sign debt service suspension pacts

Mar 4

Finance, Top stories, World

Pakistan, Saudi Fund sign debt service suspension pacts

ISLAMABAD: Pakistan and Saudi Fund for Development (SFD) have signed debt service suspension agreements amounting $846 million, a statement said on Thursday. The agreements have been signed under the G-20 Debt Service Suspension Initiative (DSSI) Framework. Nawaf bin Saeed Al-Malkiy, Ambassador of the Kingdom of Saudi Arabia to Pakistan witnessed the signing ceremony held in […]

by Mrs. Anjum Shahnawaz

Pakistan’s forex reserves decline to $22.875 billion

Mar 3

Finance

Pakistan’s forex reserves decline to $22.875 billion

KARACHI: Pakistan’s total liquid foreign exchange reserves have declined by $351 million to $22.875 billion by week ended February 25, 2022. The foreign exchange reserves of the country were at $23.226 billion a week ago i.e. February 18, 2022, State Bank of Pakistan (SBP) said on Thursday. The official reserves of the central bank fell […]

by Hamza Shahnawaz

Pakistan’s trade deficit widens to $32 billion in 8MFY22

Mar 2

Finance

Pakistan’s trade deficit widens to $32 billion in 8MFY22

ISLAMABAD: Pakistan’s trade deficit has widened to around $32 billion in first eight months (July – February) 2021/2022 8MFY22, according to official data released on Wednesday. The trade deficit widened by 82.26 per cent during the period under review as compared with the deficit of $17.53 billion in the corresponding period of the last fiscal […]

by Mrs. Anjum Shahnawaz

Food inflation rural increases by 14.6% in February 2022

Mar 1

Finance, National, Top stories

Food inflation rural increases by 14.6% in February 2022

ISLAMABAD: Food inflation based on consumer price index (CPI) has increased by 14.6 per cent in February 2022 for people living in rural areas as compared with 11.8 per cent in the previous months, according to data released by Pakistan Bureau of Statistics (PBS) on Tuesday. Meanwhile, the food inflation increased by 14.3 per cent […]

by Mrs. Anjum Shahnawaz