External, fiscal pressures imperil stability in 2nd half of 2018: SBP
SBP said the investment of banks in government securities could be stimulated due to the higher projected reliance on banks’ borrowing by the government as mentioned in the fiscal budget for FY 2018-19
PSX drops 58 points amid uncertain economic situation
LAHORE: Amid lack of clarity on economic issues by the new government, investors continued their wait and see approach. The KSE 100...
Pakistan seeks IMF’s assessment for next bailout package
ISLAMABAD:Â While officials from the Ministry of Finance deny any talks with the visiting International Monetary Fund (IMF) team regarding any new bailout...
Saudi fund to provide $16mn in grants for infrastructure, health, education
ISLAMABAD:Â The Saudi Fund for Development (SFD) will provide $16 million in grants to Pakistan in infrastructure, health and education sectors.
Officials informed that...
State bank may increase 100bps in discount rate to 8.50pc
KARACHI: The central bank may increase 100 basis points to 8.50 per cent in its discount rates in the monetary policy meeting...
NEPRA fines K-Electric over failure to provide reliable power supply in Karachi
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has imposed a fine of Rs5 million on K-Electric Limited on account of its...
Pakistan, Russia sign $10bn energy deal
ISLAMABAD:Â Pakistan and Russia have formally signed a Memorandum of Understanding (MoU) on Thursday in Moscow for the construction of an offshore gas...
Senate committee rejects removal of restriction on filers
ISLAMABAD: The Senate Standing Committee on Finance and Revenue on Thursday rejected the proposal of removing the condition of filers for purchases...
SBP’s reserves decrease by $293mn
The total liquid foreign reserves held by the country stood at $15,521.5 million as on 9 September 2018.
Foreign reserves held by the...
SBP issues banking sector’s half-yearly performance review
KARACHI: The State Bank of Pakistan (SBP) has issued the Half-Yearly Performance Review (HPR) of the Banking Sector for the 1st half...
Date for filing returns not extended, says FBR
ISLAMABAD:Â No decision has been taken so far to extend the date for filing income tax returns, an official from the Federal Board...
South Korea keen to invest in automobile, hydro projects
ISLAMABAD:Â Pakistan and South Korea have agreed to explore new avenues for investment as such cooperation always play a central role in bringing...
Internet banking rises with Rs1.2 trillion worth transactions in FY2017-18
ISLAMABAD: The usage of internet banking has increased immensely among Pakistanis as the value of online transactions reached Rs1.2 trillion during the...
US-Pakistan trade peaks to all-time high, say US Officials
WASHINGTON: The US-Pakistan total trade in goods is up by nearly 20 percent since 2013, reaching nearly $6.4 billion in 2017. During...
EU launches Asia strategy to rival China’s ‘new Silk Road’
BRUSSELS: As doubts grow over China's vast "Belt and Road" trade infrastructure project, the EU is launching an alternative plan for Asia...