Finance – Page 3 – PASAR NEWS

HBL is planning to close its branch in Lebanon.

As part of the bank’s goal to consolidate its overseas operations and increase its focus on local and lucrative businesses across the country, Habib Bank Limited (HBL) is closing its branch in Lebanon.The bank has started the process of winding down its Lebanon business in a controlled manner. According toRead More →

Pakistan’s economic growth might be harmed by inflation and external payments, according to the Finance Ministry.

Despite slow development since February and growth in economic activity fluctuating about 4% for the previous two months, inflationary and external sector risks are generating macroeconomic imbalances in the nation, according to the Ministry of Finance’s Monthly Economic Update & Outlook.Furthermore, economic activity in Pakistan’s major trading partners has beenRead More →

Saudi Arabia claims to have deposited $5 billion in Egypt’s state bank.

CAIRO, Egypt (AP) – Saudi Arabia offered a $5 billion aid package for cash-strapped Egypt on Wednesday, where the economy is under strain due in part to the economic consequences from Russia’s conflict on Ukraine. The monies, which were placed in Egypt’s Central Bank, are part of Saudi Arabia’s “tirelessRead More →

As the Ukraine crisis stokes inflation fears, Asian stocks slump.

As investors and traders considered the latest developments in the Ukraine crisis and more hawkish statements from US Federal Reserve officials, Asian stocks dipped on Thursday (March 24), while the sell-off in US Treasuries stalled and oil prices increased. The Nikkei 225 index of Japan started the morning session downRead More →

Timely steps to reduce the current account deficit bear fruit: Prime Minister Imran Khan

ISLAMABAD, Pakistan – On Saturday, Prime Minister Imran Khan stated that timely steps to reduce the current account deficit are bearing fruit. The Prime Minister stated in a tweet that the current account deficit reduced to $0.5 billion in February, which is $2 billion less than in January and theRead More →

Shaukat Tarin’s country is on solid economic foundation.

ISLAMABAD, Pakistan (APP) – Shaukat Tarin, Minister of Finance and Revenue, stated that the country was on solid economic footings, citing the most recent statistics on important economic indices. The finance minister mentioned substantial industrial growth in February and a considerable fall in inflation in the previous week on hisRead More →

Tarin is in charge of resolving pharma industry difficulties.

ISLAMABAD, Pakistan (APP) – Federal Minister for Finance and Revenue Shaukat Tarin met with a team from the Pakistan Pharmaceuticals Association (PPMA) led by its chairman, Qazi M Manzoor, on Tuesday in Islamabad. According to a ministry news statement, the PPMA chairman praised the finance minister for addressing the concernsRead More →

Government actions boost the economy: Tarin

ISLAMABAD, Pakistan (APP) – Shaukat Tarin, the Federal Minister of Finance and Revenue, spoke about the government’s efforts to ensure economic improvement and development on Monday. According to a news release released by the finance ministry, the federal minister noted during a meeting with Chairman of Pak Kuwait Investment Company,Read More →

The rupee has lost 21 paisas against the dollar.

According to the State Bank of Pakistan, the Pakistani rupee declined by 21 paisas versus the US dollar in interbank trade on Monday, finishing at Rs177.62 against the previous day’s closing of Rs177.41 (SBP). According to the Forex Association of Pakistan, the open market buying and selling values of theRead More →