KARACHI: Facing acute shortage of US dollar, the State Bank of Pakistan (SBP) is striving to clear 11,000 import payment pending cases, said SBP governor Jameel Ahmad on Wednesday.
(more…)Category: Top stories
Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
-
Foreign exchange crisis halts economic activities in Pakistan
KARACHI: Foreign exchange crisis has halted economic activities in Pakistan, said President SITE Association of Industry Riaz Uddin on Wednesday.
(more…) -
FBR transfers 68 Inland Revenue officers in major reshuffle
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday transferred 68 officers of Inland Revenue with immediate effect and until further orders.
(more…) -
SBP may raise benchmark interest rate by 100bps to 17pc in upcoming policy announcement
KARACHI: State Bank of Pakistan (SBP) may increase the benchmark interest rate by 100 basis points to 17 per cent in upcoming policy announcement, analysts said on Monday.
(more…) -
Pakistan decides not to increase petroleum prices till Jan 31
ISLAMABAD: Pakistan on Sunday decided not to increase the prices of petroleum products till January 31, 2023.
(more…) -
SBP enhances scope of foreign currency account funds utilization
KARACHI: State Bank of Pakistan (SBP) has enhanced scope of funds utilization in the foreign currency accounts in order to facilitate exporters.
(more…) -
Workers’ remittances fall by 11pc in 1HFY23: SBP
KARACHI: The inflow of workers remittances declined by 11 per cent in first half (July – December) of fiscal year 2022-2023, according to data released by State Bank of Pakistan (SBP) on Friday.
(more…) -
Pakistan issues operation license to five digital banks
KARACHI: Pakistan on Friday issued license to five full-fledged digital banks to operate in the country. The licenses have been issued under new regulatory environment.
(more…) -
Rupee ends firmer despite sharp decline in foreign exchange reserves
KARACHI: Pakistani Rupee (PKR) ended firmer against the dollar on Friday despite sharp decline in foreign exchange reserves of the country.
(more…) -
State Bank’s forex reserves plummet to only $4.34 billion
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.
(more…)