(Web Desk) – On Monday, the Pakistani rupee sank to a 19-month low versus the US dollar in the interbank market, ending at 284.22, down Re0.25. The rupee was last seen at this level in December 2023. The currency had declined marginally the previous week, finishing at 283.97 and downRead More →
Finance Abbot Senator Muhammad Aurangzeb has declared that the Pakistan Crypto Council (PCC) marks the alpha of a new agenda affiliate for the country’s economy. Chairing the council’s aboriginal meeting, Senator Aurangzeb was abutting by key stakeholders, including the CEO of the Council, Bilal Bin Saqib, the Governor of theRead More →
The Pakistan Stock Exchange (PSX) maintained upward momentum on Friday on hopes of a favorable outcome following the end of talks with the IMF for the release of a $1 billion loan tranche, according to Pasar News. During trading, investors showed confidence and participated, and the benchmark KSE-100 Index increasedRead More →
Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, has stressed the importance of information technology in Pakistan’s prosperity and stability. During a high-level panel discussion at the World Economic Forum (WEF) on Thursday, Aurangzeb noted that Pakistan had achieved substantial vertical advancement in IT and had the third-largestRead More →
The State Bank of Pakistan stated that the government paid $27.6 million in external debt, resulting in a $27.60 million reduction in foreign exchange reserves to $11.44 billion and 87 million dollars. According to the central bank’s weekly Foreign Exchange Reserves report, commercial bank deposits hit 4.74 billion dollars, aRead More →
Aurangzeb says ministries would be merged to minimize government size; the Ministry of Capital Administration and Development Division will be disbanded. Federal Minister for Finance Muhammad Aurangzeb stated on Tuesday that in order to minimize its expenses and enhance its performance, the government had done away with 150,000 vacancies inRead More →
Pakistani authorities have secured around $6.3 billion in foreign loans in the first seven months of the current fiscal year. This sum accounts for roughly 35.75 percent of the annual budget projection, despite restricted borrowing opportunities due to low credit ratings and severe global financial market circumstances, even with theRead More →
KARACHI ( PASAR) : As of February 16, 2024, Pakistan’s total liquid foreign reserves was at $13,097.8 million, with the State Bank holding $8,012.8 million.According to a statement published by the State Bank of Pakistan on Thursday, the central bank’s foreign exchange reserves fell by $44 million to $8,012.8 millionRead More →
According to Pasar Pakistan, the federal government is working on a pension plan in response to the International Monetary Fund’s request.According to sources, negotiations would be made with the IMF to make the country’s pension payments manageable.The new IMF package will be focused on tax reform and increased tax income.Read More →
According to information issued by the central bank on Thursday, the foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $74 million to $4.38 billion in a week. According to information, commercial banks have net foreign reserves at $5.6 billion. The State Bank of Pakistan’s (SBP)Read More →