Finance Minister Ishaq Dar on Tuesday said the Kingdom of Saudi Arabia (KSA) has deposited $2 billion in the State… Read More
FBR Sets July 15 Deadline for Declaration of Assets by Revenue Officers
Federal Board of Revenue (FBR) has issued a deadline of July 15, 2023, to all the officers of Inland Revenue… Read More
Fitch Ratings Upgrades Pakistan’s Outlook to CCC
Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘CCC-‘. Fitch typically does not assign… Read More
Rupee Crashes to Pre-IMF Levels Against Major Currencies After Ishaq Dar’s Tweet
The Pakistani rupee crashed further against the US Dollar during intraday trade today after opening trade at 277 in the… Read More
World Bank Satisified With $292 Million Sindh Resilience Project
The World Bank has rated the implementation of ‘Sindh Resilience Project’ with completely disbursed at $292.24 million. The objectives of… Read More
Remittances Decrease by 21.4% YoY to $2.2 Billion in June
Remittances in June 2023 registered a decrease of 21.4 percent on a year-on-year (YoY) basis and dropped to the $2.2… Read More
Govt Halts Financing Scheme for Renewable Energy
The federal government has halted financing under the Renewable Energy Refinancing Scheme which was introduced to address the challenges of… Read More
Rupee Closes At 277.9 Against US Dollar After Ending Week On a Sour Note
The Pakistani rupee closed the week with losses against the US Dollar during intraday trade today after opening trade at… Read More
Banks Ordered to Arrange Dollars Before LCs Opening
Banks have been asked to arrange US dollars before opening letters of credit (LCs) to allow for a 25 percent… Read More
World Bank Approves $46 Million for Healthcare Project in Khyber Pakhtunkhwa
The World Bank’s Board of Executive Directors approved US$ 46 million in financing for the Khyber Pakhtunkhwa Citizen-Centered Service Delivery… Read More
Analysts Warn of Rupee Sliding Below 300 Against USD Soon
The Pakistani Rupee (PKR) could drop to 293.52 against the US Dollar by the end of September 2023 to as… Read More
SBP Plans To Launch RAAST-Like System For Overseas Pakistanis
The State Bank of Pakistan (SBP) is actively working towards launching a cross-border payment system, akin to RAAST, aimed at… Read More
