The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday decided to keep the policy rate unchanged at… Read More
Rupee Rises Higher Against US Dollar 12th Day in a Row On SBP News
The Pakistani Rupee (PKR) continued to grow against the US Dollar (USD) and posted big gains today. It appreciated by… Read More
Local Steel Prices See Huge Drop in October
The domestic prices of steel products have dipped below the Rs. 230,000 per ton mark due to a sudden drop… Read More
Govt Debt Reduces by Rs. 992 Billion to Below Rs. 50 Trillion On Massive PKR Jump
The total federal government debt stock was reduced by Rs. 992 billion during August 2022 due to the devaluation of… Read More
Rupee Defies Expectations to Gain Big Against US Dollar 11th Day in a Row
The Pakistani Rupee (PKR) continued to outperform the US Dollar (USD) and posted big gains today. It appreciated by 0.92… Read More
Pakistan Needs to Follow 4 Steps to Enhance Export Profitability: WB Economist
Pakistan can increase profits from exports through well-functioning duty refunds, lower effective protection for domestic-oriented industry, smart export promotion, and… Read More
Dar Threatens Moody’s if Pakistan’s Downgrade is Not Reversed
Finance Minister Ishaq Dar has “threatened” Moody’s Investors Service after the rating agency downgraded Pakistan’s local and foreign currency issuer… Read More
Inflation May Fall Up to 5-7% By Next Fiscal Year: Deputy Governor SBP
State Bank of Pakistan (SBP) Deputy Governor Dr. Murtaza Syed made a cautious forecast that Pakistan would likely achieve its… Read More
Avanceon Limited to Acquire Dawood Hercules’ Subsidiary
Avanceon Limited has planned to acquire a 100 percent stake in a subsidiary of Dawood Hercules, EmpiricAI (Pvt) Limited, through… Read More
Roshan Digital Accounts Record Lowest Inflows Since January 2021
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) were recorded at a total of $5.149 billion by the end… Read More
SBP About to Complete Probe Into Banks Involved in Dollar Manipulation
State Bank of Pakistan (SBP) is close to completing its investigations of eight banks that were allegedly involved in the… Read More
JS Bank Gets Nod to Acquire Additional 7.7% Stake in BankIslami
The State Bank of Pakistan (SBP) has granted approval to JS Bank for acquiring a 7.7 percent shareholding in BankIslami… Read More
