Rupee continues sharp recovery against US dollar
Islamabad: Pakistani rupee (PKR) continues to gain value against the US dollar in the interbank market on Thursday, the local unit has...
Govt to do away with fuel-based power generation plants
ISLAMABAD: The government has decided that no power generation plants producing fuel-based electricity would be installed in the country from now onwards.
This...
SBP cracks down on FX companies and Banks, penalties impose
WEDNESDAY: In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by...
PSX witness recovery as KSE-100 index gains over 900 points
Karachi: The benchmark KSE-100 index gained over 900 points during intraday trading on Wednesday as analysts said clarity regarding the International Monetary...
Pakistani rupee makes huge recovery against US dollar
Islamabad: The rupee made huge gains against the US dollar in the interbank market on Wednesday, the rupee appreciated more than Rs9...
Pakistan has met all prior actions for review, says IMF
Islamabad: The International Monetary Fund (IMF) on Tuesday said that Pakistan has fulfilled all previous actions by raising the Petroleum Development Levy...
SECP to introduce digital asset management companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Monday introduced the concept of Digital Asset Management Companies (AMCs) to promote...
Highest inflation in 14 years, July figures hit 24.9pc
ISLAMABAD: The Consumer Price Index (CPI) inflation in July 2022 leaped to over a decade high of 24.9 per cent fueled by...
Pakistan fulfills all IMF demands for release of $1.2bn loan tranche
KARACHI: The Ministry of Finance along with the State Bank of Pakistan (SBP) on Sunday released a joint a statement announcing that...
Govt doubles PL on petroleum products to comply with IMF demands
ISLAMABAD: The government has doubled the petroleum levy on petroleum products to comply with the International Monetary Fund's (IMF) demands for the...
Power Division to pay Rs32.8bn to save PSO from defaulting
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Power Division to make immediate payments worth Rs32.8 billion to...
Miftah forecasts pressure on rupee easing within 2 weeks
Finance Minister Miftah Ismail has said that the pressure on the rupee, which has pushed the local currency to drop as much...
Foreign reserves fall by $827m: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) on Friday shared that liquid foreign reserves in Pakistan declined by over $826.9 million during...
Fuel prices to increase due to levy, dealers’ margin hike
ISLAMABAD: The government is likely to increase the prices of diesel and petrol with the start of the next month, Profit learnt...
S&P downgrades Pakistan’s outlook to negative
S&P Global Ratings cut Pakistan’s credit outlook to negative from neutral as the nation’s external position weakens with higher commodity prices, the...