Rupee regains Rs1.87 against greenback in inter-bank trading
But the bank officials firmly believed that SBP had intervened in the inter-bank market and the rupee’s recovery against the dollar was artificial and short-lived
Governor SBP took Asad Umar into confidence about rupee depreciation: Report
According to sources, SBP Governor Tariq Bajwa had taken Finance Minister Asad Umar into confidence about the move and was decided that the depreciation of the rupee against the dollar would be gradual, but the central bank failed to implement the plan as envisaged
Karachi vs Lahore: Where is Pakistan’s Silicon Gali?
Pakistan’s startup culture and ecosystem is still nascent, but which metropolitan area has a head start?
How well has the PTI performed on its 100-day agenda?
Most macroeconomic indicators have worsened since the Imran Khan Administration took office, but the party appears set to initiate some key economic reforms
NETSOL stock riding high after key wins in signing new clients
Pakistan’s only NASDAQ-listed company appears poised for faster growth after a recent spate of stagnation
China to provide multiple bailout packages to Pakistan: Consul-general
ISLAMABAD: The Chinese Consul-General (CCG) Long Dingbin on Sunday said that instead of hard cash, China plans to eventually provide multiple forms of...
Govt to create Special Economic Zone in Sialkot: Abdul Razzak Dawood
SIALKOT: The adviser to Prime Minister for Commerce, Textile, Industries, Production and Investment Abdul Razzak Dawood on Sunday, urged Sialkot’s exporters to try...
US, China agree trade war ceasefire after Trump, Xi summit
BUENOS AIRES: China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in...
Amid rupee depreciation, PM asks business community not to panic
LAHORE: Keeping in view the growing outcry on the devaluation of rupee, Prime Minister (PM) Imran Khan on Saturday asked the business...
Pakistan, Switzerland agree to exchange financial information
In a major step towards bringing back the looted wealth, Pakistan and Swiss governments have signed a memorandum of understanding which would enable...
SBP raises key interest rate by 150 basis points to 10%
Import growth declined to 5.8% during the first four months (July-October) of FY19 from 26.3% in the same period of last year, indicating an effect of recent tightening measures.
Devaluation ‘inevitable’, govt says after rupee falls to historic low
Rupee drops to lowest value ever against US dollar at Rs144 in intra-day trading before SBP intervenes to raise it to Rs136.5-137.5 at market close
Tax department detects benami account being run by a property dealer
Federal Investigation Agency (FIA) on the instruction of Supreme Court is probing the fake accounts while I&I IR FBR have also detected a fake/benami account run by a big property dealer
Suzuki seeks Greenfield status, tax benefits in exchange for $450 million investment
As per ADP 2016-2021 policy, Suzuki’s investment of $450 million would fall in the Brownfield category, however, it wants to avail tax benefits under the aegis of Greenfield project, said officials in the Ministry of Industry and Production (MoIP).
Pakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
Till September 2018, SBP had obtained $7.22 billion from commercial banks in the aegis of forward and currency swap arrangements