ISLAMABAD — The State Bank of Pakistan has announced a relaxation for the banking industry, making it simpler to remit payments overseas. According to a circular, banks can now send salaries, fees, and other payments to overseas-based directors, chairpersons, Sharia advisers, and scholars without first obtaining clearance from the StateRead More →
KARACHI (App) – To sustain market liquidity, the State Bank of Pakistan (SBP) announced the injection of Rs 358.5 billion through Reverse Repo Purchase and Shariah Compliant Mudarabah-based Open Market Operations (OMO). On January 15, 2026, the central bank performed an Open Market Operation, Reverse Repo Purchase (Injection) with anRead More →
KARACHI (webdesk) – Pakistan’s foreign exchange reserves increased by $16 million in the last week, according to State Bank of Pakistan data. The central bank said that its official reserves increased from $16.0557 billion to $16.0718 billion, representing a slight increase throughout the week. Overall, the country’s overall reserves increasedRead More →
ISLAMABAD (Web Desk) The federal government has altered its policy on automobile importation from outside, enacting new measures to tighten the system. Cars may now only be imported under the Transfer of Residence and Gift programs, while personal luggage imports are no longer permitted. The Ministry of Commerce has approvedRead More →
Karachi (Pasar News) – The Pakistan Stock Exchange (PSX) began the new work week on a high note, crossing the 174,000 point mark for the first time in history, indicating increased investor confidence. During intraday trading, the market surged, with the benchmark KSE-100 Index rising more than 1,900 points. TheRead More →
NEW YORK (Reuters) — Oil prices rose up on potential disruptions from a US embargo of Venezuelan ships, as the market awaits word on a possible Russia-Ukraine peace accord. Brent futures jumped 65 cents, or 1.1%, to close at $60.47 per barrel, while US West Texas Intermediate (WTI) oil gainedRead More →
LUXEMBOURG (Reuters) — Meta Platforms has chastised EU antitrust investigators for what it claims were “aberrant” requests for information during two investigations four years ago, highlighting the growing resistance by businesses against what they regard as excessive regulatory demands. Meta, which has previously compared EU demands for its Facebook socialRead More →
Karachi (Pasar Pakistan) Pakistan’s foreign exchange reserves fell by $132 million last week, according to new figures issued by the State Bank of Pakistan (SBP). Following the latest decline, the country’s overall reserves currently stand at $19.605 billion. However, the central bank’s own reserves increased by $9.2 million, bringing totalRead More →
BRUSSELS (Reuters) — Apple (AAPL.O) filed a case against EU authorities in Europe’s second-highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for violating historic laws aimed at limiting Big Tech influence. The European Commission ruled in April that the iPhone maker’s technologicalRead More →
LONDON (Reuters) — Tesla shares sank more than 3% on Monday, weighed down by investor fears over CEO Elon Musk’s concentration after he revealed plans to join a new US political party, escalating his spat with President Donald Trump. Tesla shares plunged more than 3% in Frankfurt, hinting to moreRead More →