ISLAMABAD: The prices of essential items have surged by 19.5 per cent during past one year by week ended December 16, 2021, Pakistan Bureau of Statistics (PBS) said. The year on year trend depicts increase of 19.49 per cent when compared with the week ended December 17, 2020. READ MORE: Headline inflation surges by 11.5% […]
ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Friday assured an association of car dealers and importers of maximum support in resolving their issues. The adviser held a meeting with Mian Shoaib Ahmed, Chairman All Pakistan Car Dealers and Importers Association (APDA) at Finance Division. READ MORE: Prudent reforms helped […]
State Bank of Pakistan
KARACHI: Pakistan’s total foreign investment surged by 73 per cent during the first five months of the current fiscal year, according to data released by the State Bank of Pakistan (SBP) on Friday. The total foreign investment increased to $455.5 million during July – November 2021/2022 as compared with $263.4 million in the same period […]
KARACHI: Pakistan’s foreign exchange reserves declined by $123 million to $25.028 billion by the week ended on December 10, 2021, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $25.151 billion by the week ended December 03, 2021. The official reserves of the State Bank came down […]
ISLAMABAD: The federal cabinet chaired by Prime Minister Imran Khan on Tuesday approved the extension in exchanging old Pakistani currency notes. The cabinet approved the extension of the period for the exchange of old Pakistani 10, 50, 100, and 1000 currency notes till 31st December 2022. At the meeting, Special Assistant to the Prime Minister […]
State Bank of Pakistan
KARACHI: The inflows of foreign remittances sent Pakistan’s workers have registered a decline of 6.6 per cent Month on Month (MOM) to $2.352 billion in November 2021 when compared with $2.518 billion in October 2021. According to statistics released by the State Bank of Pakistan (SBP), the remittances, however, grow 0.6 per cent in November […]
KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) have increased to $18.658 billion after a deposit of $3 billion from Saudi Fund for Development (SFD). READ MORE: Pakistan’s import cover reduces to two months The SBP on Thursday said during the week ended December 03, 2021a deposit of US$ 3,000.0 million […]
ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, Thursday said prudent fiscal reforms have helped in improving the tax-to-GDP ratio. He said this while addressing at an event organized by Pakistan Business Council. READ MORE: Tax to GDP ratio at 20% prime objective: Tarin The adviser highlighted the economic priorities of […]
ISLAMABAD: The government has announce sharp increase in profit rates for national saving scheme following the significant rise in key policy rate announced last month by the State Bank of Pakistan (SBP). The Central Directorate of National Savings (CDNS) on Thursday notified increase in profit rates of saving schemes. The CDNS increased the profit rate […]
ISLAMABAD: The government has made mandatory the biometric verification for pensioners to make withdrawal of their pension amount from banking system. In an office memo, the Finance Division said that the mandatory requirement of biometric verification has been restored for the pensioners, which was suspended due to COVID-19. READ MORE: Grant of 10% increase in […]