Finance Minister Ishaq Dar announced on Wednesday that the Abu Dhabi Fund for Development (ADFD) has rolled over their deposit… Read More
Current Account Deficit Shrinks by 60% in First Half of FY23
Pakistan’s current account deficit decreased by 60 percent on a year-on-year (YoY) basis to clock in at $3.66 billion in… Read More
Pakistan, US Agree to Enhance Cooperation in IT and Telecom Sector
Federal Minister for Information Technology and Telecommunication Syed Amin Ul Haque has said that there were numerous opportunities for US… Read More
ECC Approves Amendments to Import Policy Order to Reduce Cost of Tractors
The Economic Coordination Committee (ECC) has approved amendments to Import Policy Order 2022 to reduce the cost of tractors in… Read More
SBP Issues NOCs to 5 Applicants for Setting Up Digital Banks
The State Bank of Pakistan (SBP) has issued no objection certificates to five applicants for establishing digital banks in Pakistan.… Read More
Remittances Drop by 19% in December to Just $2 Billion
Remittances sent by overseas Pakistanis declined to $2.04 billion in December 2022, the lowest since May 2020, as expatriates stick… Read More
SBP Reserves Fall by Over $1.2 Billion to Just $4.3 Billion
The foreign exchange reserves held by the central bank decreased by 22 percent on a weekly basis, according to data… Read More
ECC Approves Change in Take-Or-Pay Commitment of 3 RLNG Plants
The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved fixing the minimum take or pay commitment at 33… Read More
Ishaq Dar Clarifies After Statement Regarding Ownership of Dollars Held by Banks
Finance Minister Ishaq Dar, on Wednesday, made it clear that the government has no intention to access the foreign exchange… Read More
KSB Pumps to Resume Suspended Operations from Thursday
KSB Pumps Company Limited (KSBP) will resume its plant operations with essential manpower from Thursday. In a notice to Pakistan… Read More
Dar Reiterates Commitment to Complete IMF Program
Finance Minister Ishaq Dar Monday reiterated the commitment to complete the International Monetary Fund (IMF) program. The finance minister held… Read More
Islamic Development Bank Group to Give $4.2 Billion to Pakistan For Climate Change
The Islamic Development Bank (IsDB) Group on Monday pledged $4.2 billion over the next three years as part of Pakistan’s… Read More
