Current account deficit can be contained in coming months, says: SBP
ISLAMABAD: The State Bank of Pakistan voiced hope the current account deficit could be reined into a manageable level in the next...
Senate panel to discuss impact of rupee devaluation on economy
ISLAMABAD: The State Bank of Pakistan (SBP) will brief the Senate’s Standing Committee on Finance and Revenue tomorrow (Tuesday) regarding the recent devaluation...
IMF to finalise $1.1bn tranche for Pakistan by end of this month: official
Lender ready for discussions on new loan program for Pakistan, says IMF’s communication director"
Foreign commercial loans dependence creates debt servicing costs implications
LAHORE: Continued dependence on Chinese project financing and loans from other foreign commercial banks is creating implications for debt servicing costs that...
‘Govt strongly believes in regional economic integration’
Finance minister says the govt is focusing on the provision of social services to all citizens across the country
ISLAMABAD: Finance Minister Asad...
Exports to India rise14pc despite rising tensions
Since the beginning of the current financial year, despite the rising tension between Pakistan and India, trade between the two has remained...
‘Development of Balochistan among govt’s top priorities’
Minister says govt envisions developing intermediate cities for expansion of economic activities and to mitigate the influx of migrants to main...
Decline in exports a matter of grave concern: Jawad
LAHORE
“Continuously declining exports during last four years is a matter of grave concern and a question on the performance of Trade and...
Parliamentary panel expresses concern over FBR’s revenue shortfall
ISLAMABAD:Â The parliamentary panel has expressed serious concern over the revenue shortfall of the Federal Board of Revenue, as the shortfall surged to...
NPMC contemplates measures to control inflationary pressures
CCP asked to keep a vigilant check on undue profiteering, cartelization and monopolistic practices
Punjab govt directed to share its online...
Internet, mobile banking witness astounding growth during 2nd quarter FY 2017-18
ISLAMABAD: A remarkable growth of internet and mobile banking has been witnessed as banking services through advanced and convenient channels continue to grow.
Electronic banking transactions posted a double-digit...
Oil slides towards weekly loss on excess supply worries
LONDON:Â Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as...
Oracle Cloud growth driving aggressive global expansion
KARACHI:Â Driven by strong customer demand for its cloud services worldwide, Oracle, on Monday, announced plans to significantly expand its modern cloud infrastructure...
FBR uncovers money laundering of Rs102b under gift-back scheme
Islamabad: On Tuesday, the Federal Board of Revenue (FBR) sent notifications to over 2,785 wealthy individuals accused of laundering Rs102b in last...
SBP foreign exchange reserves decrease 2.2pc in a week
KARACHI:Â Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $13.23 billion on January 26, down 2.2 per cent from...