To curtail the import bill in the prevailing economic situation, the State Bank of Pakistan (SBP) has come up with… Read More
Rupee Breaks Records Against US Dollar and Other Currencies Despite SBP Decision
The Pakistani Rupee (PKR) continued to slide against the US Dollar (USD) and posted losses in the interbank market today.… Read More
SBP Jacks Up Mark-Up Rate by 2% on Export Finance Scheme
The State Bank of Pakistan has jacked up the mark-up rate for financing under Export Finance Scheme (EFS) by 200… Read More
Rupee Starts Sliding Rapidly Again as GBP Hits Record High After Govt Postpones Subsidy Decision
The Pakistani Rupee (PKR) continued to fall against the US Dollar (USD) and posted losses in the interbank market today.… Read More
SBP Raises Interest Rate by 1.50%
The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) on Monday raised the policy rate by 150 basis points… Read More
Banks Consider Filing Review Petition On Riba Case
A few commercial banks are mulling filing a review petition in the Supreme Court of Pakistan (SC) on the verdict… Read More
Govt Likely to Enhance Provincial Sanctioning Powers for Development Projects
The federal government is considering enhancing provincial planning ministries’ sanctioning powers to Rs. 20 billion for development projects. It has… Read More
Govt to Present Budget 2022-23 on June 10
The coalition government has announced the date for the submission of the budget for the fiscal year 2022-23 in the… Read More
Import Ban and Taxes Will Decrease Pakistan’s Forex Reserves in Reality: WB Economist
Import bans are not the answer to balance of payments constraints, rather, they exacerbate the underlying problem, according to World… Read More
State Bank to Announce Monetary Policy On Monday
The Monetary Policy Committee of the State Bank of Pakistan (SBP) will meet on Monday, May 23, 2022, in Karachi… Read More
Rupee Falls Against US Dollar 11th Day in a Row Despite ‘Good News’
The Pakistani Rupee (PKR) struggled against the US Dollar (USD) and posted losses in the interbank market today. It depreciated… Read More
Rupee Shatters All Records Against US Dollar Amid Tricky IMF Talks and Oil Drop
The Pakistani Rupee’s (PKR) hopeless collapse made history against the US Dollar (USD) and posted losses in the interbank market… Read More
