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KARACHI: Pakistan’s official foreign exchange reserves have plunged to only $3.68 billion by week ended January 20, 2023, State Bank of Pakistan (SBP) said on Thursday.
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Incompetence is the major reason for the current economic crisis, said Muhammad Azfar Ahsan, Founder & CEO, Nutshell Group.
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ISLAMABAD: Prices of essential items have increased by 32 per cent ahead of monetary policy announcement, which is scheduled for January 23, 2023.
(more…)KARACHI: Pakistan’s total foreign exchange reserves inched up by $256 million by week ended January 13, 2023, State Bank of Pakistan (SBP) said on Thursday.
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KARACHI: State Bank of Pakistan (SBP) on Wednesday said that current account deficit has contracted by 60 per cent to $3.66 billion in first half (July – December) of fiscal year 2022-2023.
(more…)KARACHI: Official foreign exchange reserves of State Bank of Pakistan (SBP) fell to only $4.34 billion by week ended January 06, 2023, according to a statement issued on Thursday.
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ISLAMABAD: Finance Minister Ishaq Dar Wednesday said that the government was not considering to access foreign currency accounts of depositors because these are property of the citizens.
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ISLAMABAD: Pakistan on Thursday assured a completely secure and conducive business environment for Chinese investors.
(more…)KARACHI: Pakistan’s total foreign exchange reserves continued to deplete and recorded another fall of $284 million to reach at $11.42 billion by week ended December 30, 2022, State Bank of Pakistan (SBP) said on Thursday.
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ISLAMABAD: Pakistan’s exports have declined by 5.8 per cent in the first half (July – December) of fiscal year 2022-2023, according to official trade data released on Tuesday.
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