KARACHI: State Bank of Pakistan (SBP) has enhanced scope of funds utilization in the foreign currency accounts in order to facilitate exporters.
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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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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.
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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.
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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.
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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.
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Karachi shares 84pc of total duty collection in Pakistan
Karachi, the port city of Pakistan, has contributed over 84 per cent of customs duty collected at national level during fiscal year 2021-2022, official documents revealed.
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Rupee falls to PKR 228.14 against dollar in interbank foreign exchange market
KARACHI: Pakistani Rupee (PKR) has declined to 228.14 against the dollar on Thursday in interbank foreign exchange market.
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Accessing foreign currency accounts not under consideration: Dar
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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Pakistan car sales drop in 1HFY23 amid halt in production
KARACHI: Pakistan car sales have dropped by 38 per cent during first half of the current fiscal year 2022-2023 due to non-production days due to shortage of raw material because of import restrictions.
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Dollar rises to PKR 227.93 in interbank foreign exchange market
KARACHI: On Wednesday, the US dollar strengthened against the Pakistani rupee, reaching PKR 227.93 in the interbank foreign exchange market.
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