November CAD widens by $1.9 billion
KARACHI: As per data released by State Bank of Pakistan (SBP), the Current account deficit (CAD) for the first five months of...
Shaukat Tarin elected as senator on vacant seat from KP
PESHAWAR: Adviser to Prime Minister on Finance Shaukat Tarin on Monday was elected as senator on a vacant seat from Khyber Pakhtunkhwa...
SBP amends rules to restrict dollar trade
LAHORE: In order to enhance documentation and transparency and to further strengthen the foreign exchange regulatory regime, the State Bank of Pakistan...
Use of rupee increased in Afghanistan
PESHAWAR: Circulation of the Pakistani rupee has increased in many provinces of Afghanistan after the collapse of banking system in the neighbouring...
Central bank ready for a policy rate pause, Baqir says
State Bank of Pakistan (SBP) Governor Reza Baqir has said that the central bank will pause interest-rate increases to preserve economic recovery...
PM directs food ministry’s alleged malpractice issue to be referred to NAB
ISLAMABAD: As the apex committee on Afghanistan, the Afghanistan Inter-Ministerial Coordination Cell (AICC) had taken notice of disruption of trade via Torkham...
Pakistan Refinery ceases operations till ‘situation improves’
The Pakistan Refinery Ltd (PRL) has temporarily shut down operations due to operational and ullage constraints, according to a regulatory filing with...
Govt slashes petrol, HSD prices by Rs5 per litre
The federal government has reduced the prices of petroleum products by up to Rs7.01 per litre on the proposal of the Oil...
Rupee closes in on 178 mark against US dollar
The rupee on Wednesday set another fresh low of 177.98 against the US dollar, closing in on the 178 mark.
According to data...
Govt unveils SME policy to promote inclusive growth
ISLAMABAD: Federal Minister for Industries and Production, Makhdoom Khusro Bakhtiar on Wednesday unveiled the Small and Medium Enterprises (SME) Policy.
The minister announced...
100 bps hike brings policy rate to 9.75pc
KARACHI: The State Bank of Pakistan (SBP) announced a 100 bps hike in the policy rate in conclusion to Tuesday’s Monetary Policy...
Tarin for enhancing cooperation with Iraq in oil, gas sectors
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Tuesday expressed keen interest in deepening bilateral relations between...
CCoE to consider approval of Pakistan Oil Refining Policy 2021
ISLAMABAD: The Cabinet Committee on Energy (CCoE) is scheduled to meet on Thursday to consider granting its formal approval to the Pakistan...
Gas supply for Punjab export sector likely to be curtailed
ISLAMABAD: Although state-owned gas utilities have been implementing the winter gas load management plan, the government may re-adjust gas supply to export-oriented...
Technical advisor likely to run Petroleum Division
ISLAMABAD: After three years of its rule, the Pakistan Tehreek-e-Insaf (PTI) government is mulling over appointing a technical advisor in MP-I scale...