SBP denies rumours about Rs10,000 banknotes
KARACHI: The State Bank of Pakistan (SBP) denied on Friday the news reports about the issuance of Rs10,000 banknote.
“The existing banknote denominations...
China retaliates, unveils tariffs of up to $3 billion on U.S imports
BEIJING: China urged the United States on Friday to “pull back from the brink” as President Donald Trump’s plans for tariffs on...
CPEC could bring economic prosperity, decrease poverty: Report
LAHORE: A report by World Bank (WB) entitled “The Web of Transport Corridors in South Asia”, says CPEC investment in road, railways...
IRSA projects water shortage could impact Kharif crops this season
ISLAMABAD: The Indus River System Authority (IRSA) issued a stark warning on Thursday that increased water shortage this season could jeopardize the...
Development budget for next financial year set to take a 20 percent hit
ISLAMABAD: The Ministry of Finance has recommended a Rs800 billion development budget for upcoming financial year 2018-19, decreasing it by 20 percent...
Imposition of regulatory duties failed to rein in imports
KARACHI: Experts on Thursday stated the imposition of regulatory duties on imports of non-essential imports failed to rein in the current account...
Private sector lending touches record high of Rs4.893 trillion in February 2018
KARACHI: Data released by the State Bank of Pakistan (SBP) revealed the country’s private sector lending touched a record high of Rs4.893...
Trump targets Chinese goods with $60 billion tariffs
WASHINGTON: U.S. President Donald Trump lit a slow-burning fuse on Thursday to launch long-promised anti-China tariffs, but his actions appeared to be...
Pakistan has high production costs due to expensive energy: Ishrat Hussain
ISLAMABAD: Former Governor State Bank of Pakistan (SBP) Dr Ishrat Hussain said on Thursday that Pakistan has a very high cost of production particularly due...
Travel and tourism contribution to reach Rs986 bn this year
The travel and tourism sector contributed Rs930.9 billion, that is 2.9 per cent of Pakistan’s gross domestic product (GDP), in 2017 and...
High-level Chinese delegation visits defence production ministry
ISLAMABAD: A high-level Chinese delegation visited the Ministry of Defence Production and held a bilateral meeting, co-chaired by Ministry of Defence Production...
Foreign exchange reserves down by 1.5 pc: SBP
KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $11.94 billion on March 16, down 1.5 per cent...
SBP welcomes entry of non-banks in payment systems
KARACHI: State Bank of Pakistan (SBP) Deputy Governor Riaz Riazuddin said on Thursday the central bank is facilitating the entry of non-banks in the...
CPEC provides Pakistan opportunity to be regional harbinger of peace: Rana Afzal
ISLAMABAD: Minister of State for Finance, Rana Muhammad Afzal Khan has said that China-Pakistan Economic Corridor (CPEC) is a god gifted opportunity,...
Business leaders ask FBR to refund claims to exporters
KARACHI: Former Chief Executive, Trade Development Authority of Pakistan (TDAP) S M Muneer has urged the Federal Board of Revenue (FBR) to...