Mar 31

Pakistan’s weekly forex reserves deplete by $2.88 billion

KARACHI: Pakistan’s foreign exchange reserves have depleted by $2.88 billion in a week to $18.554 billion by week ended March 25, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $21.44 billion by week ended March 18, 2022. READ MORE: Pakistan’s foreign exchange reserves fall to $21.44 […]

by Faisal Shahnawaz

Ukraine crisis, political unrest major threats to economy

Mar 29

Finance, Top stories

Ukraine crisis, political unrest major threats to economy

ISLAMABAD: The ministry of finance on Tuesday warned aggravating Pakistan’s macroeconomic imbalances due to political unrest in the country and geopolitical uncertainty on Ukraine crisis. The finance ministry in monthly report stated Pakistan’s economic performance continues to be strong and is still on a trajectory compatible with an economic growth target of around 5 percent […]

by Mrs. Anjum Shahnawaz

Pakistan’s foreign exchange reserves fall to $21.44 billion

Mar 24

Finance, Top stories

Pakistan’s foreign exchange reserves fall to $21.44 billion

KARACHI: Pakistan’s foreign exchange reserves have declined by $843 million to $21.44 billion by week ended March 18, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $22.283 billion a week ago i.e. March 11, 2022. READ MORE: Pakistan’s forex reserves dip to $22.283 billion The foreign […]

by Faisal Shahnawaz

IMF to agree on Pakistan’s industrial promotion package

Mar 24

Finance, Top stories

IMF to agree on Pakistan’s industrial promotion package

ISLAMABAD: Pakistan and International Monetary Fund (IMF) likely to reach an understanding on the industry promotion package i.e. amnesty scheme in the ongoing 7th review, an official statement said on Thursday.

by Mrs. Anjum Shahnawaz

Pakistan signs deal to explore largest gold reserves

Mar 21

Finance, Top stories

Pakistan signs deal to explore largest gold reserves

ISLAMABAD: Pakistan on Sunday signed a new agreement on a framework to reconstitute the Reko Diq project and a pathway for Antofagasta to exit the project. Finance Minister Shaukat Tarin said at a press conference. He said Governments of Pakistan and Balochistan, Antofagasta plc, and Barrick Gold Corporation have reached agreement in principle on a […]

by Mrs. Anjum Shahnawaz

Pakistan’s CAD mounts to $12 billion in eight months

Mar 19

Finance, Top stories

Pakistan’s CAD mounts to $12 billion in eight months

KARACHI: Pakistan’s Current Account Deficit (CAD) has widened to staggering above $12 billion during first eight months (July – February) 2021/2022, the State Bank of Pakistan (SBP) said on Saturday. The current account was surplus by $994 million in the corresponding period of the last months, according to the balance of payment (BOP) issued by […]

by Faisal Shahnawaz

Foreign investment into Pakistan surges by 131%

Mar 18

Finance, Top stories

Foreign investment into Pakistan surges by 131%

KARACHI: The total inflows of foreign investment into Pakistan has increased by 131 per cent to $1.85 billion during first eight months (July – February) 2021/2022, State Bank of Pakistan (SBP) said on Friday. The net inflow of the foreign investment into Pakistan was $799 million in the same months of the last fiscal year. […]

by Faisal Shahnawaz

Pakistan’s economy maintains growth momentum: SBP

Mar 17

Finance, Top stories

Pakistan’s economy maintains growth momentum: SBP

KARACHI: Pakistan’s economy has maintained growth momentum in first quarter of fiscal year 2021/2022, which was begun during the preceding fiscal year, the State Bank of Pakistan (SBP) said in the first quarterly (July – September) 2021-2022 report on State of Pakistan Economy. “Both the supply and demand sides contributed to this momentum. Broad-based expansion […]

by Hamza Shahnawaz

Pakistan’s forex reserves dip to $22.283 billion

Mar 17

Finance

Pakistan’s forex reserves dip to $22.283 billion

KARACHI: Pakistan’s liquid foreign exchange reserves fell by $386 million to $22.283 billion by week ended March 11, 2022 as compared with $22.669 billion a week ago i.e. March 04, 2022, State Bank of Pakistan (SBP) said on Thursday. The official reserves of the State Bank fell by $381 million to $15.831 billion by week […]

by Faisal Shahnawaz

ECC approves Ramzan Relief Package for all Pakistanis

Mar 15

Finance, National, Top stories

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