KARACHI: The US dollar soared by 52 paisas against Pakistani Rupee (PKR) on Friday due to mounting demand for import payment.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Pakistan set to meet tough IMF conditions
ISLAMABAD: Pakistan is set to meet tough conditions set by the International Monetary Fund (IMF) to continue loan program under Extended Fund Facility (EFF).
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Pakistan’s total forex reserves inch up to $10.44 billion
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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Demurrage, detention charges cause huge outflow of dollars: Chief Collector
KARACHI: A huge sum of dollars are going out of country because of demurrage and detention charges, said Muhammad Yaqoob Mako, Chief Collector, Customs Enforcement South, Karachi.
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Current account deficit contracts by 60pc to $3.66 billion in 1HFY23: SBP
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.
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Dollar crisis: SBP striving to clear 11,000 import payment pending cases
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.
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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.
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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.
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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.
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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.
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