KARACHI : (APP) – As of May 26, Pakistan’s total liquid foreign reserves was at $9,513 million, with the central bank holding $4,090.7 million. The State Bank of Pakistan said in a statement that the central bank’s foreign reserves fell by $102 million to $4,090.7 million owing to external debtRead More →
LAHORE (Wed Desk) – The State Bank of Pakistan declared that the Rs 75 commemorative bank note released on Pakistan’s 75th Independence Day was lawful cash. The bank stated that the note will be utilised as a means of exchange for all transactions in Pakistan. On Pakistan’s 75th Independence Day,Read More →
KARACHI: Due to political upheaval and intermittent suspensions of the International Monetary Fund (IMF) lending programme, the Pakistani rupee has continued to depreciate against the US dollar into the year 2022. On Friday, the rupee fell 22% year-over-year to Rs226.43 versus the dollar in the interbank market. However, it isRead More →
The State Bank of Pakistan (SBP) announced on Friday that there will be an extra three months of cash margin limitations on the import of around 177 items. In an attempt to limit imports, the SBP decided to impose cash margin limitations on a number of imported items early thisRead More →
During the first nine months (July-March) of the current fiscal year (2021-22), the federal government transferred an extra Rs. 598 billion to provincial governments under the National Finance Commission (NFC) Award, compared to the same time the previous fiscal year.According to the Ministry of Finance, the Imran Khan-led government releasedRead More →
The Federal Tax Ombudsman (FTO) has urged the Federal Board of Revenue (FBR) to perform an annual examination of cigarette tobacco produced in Pakistan in comparison to claimed tobacco use by all cigarette manufacturing facilities.According to the FTO’s special report on the tobacco industry, the FBR should promptly apply RuleRead More →
KARACHI: The high demand for US dollars weighed on the rupee, which fell to an all-time low of Rs184.09 after losing another 61 paise in the interbank market on Friday. Since August 2021, the local currency has lost more than 16% versus the US dollar. The State Bank’s foreign exchangeRead More →
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will meet on Monday to decide on monetary policy, according to a statement. In a statement published Friday, the central bank stated that Governor SBP Dr Reza Baqir will inform the media following the MPC meeting. According to TheRead More →
KARACHI (Channel News) — On Friday, the Pakistani rupee rose strongly against the US dollar, gaining Rs1.73 in the interbank currency market. According to statistics provided by the State Bank of Pakistan (SBP), the domestic unit concluded at Rs176.51 versus the US dollar, while the rupee gained Rs1 from theRead More →
KARACHI: Shaukat Tarin, the Prime Minister’s Finance Advisor, stated on Sunday that the administration will offer the people “positive news” about the stalled $6 billion IMF programme “soon.” Tarin claimed the IMF wants to announce the contract on its own at a foundation stone laying ceremony for a hospital inRead More →
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