Overseas workers’ remittances up 27.4% MoM, clock in at $2.5bn in March
The inflow of remittances from abroad employees increased significantly in March 2023, reaching $2.5 billion, up 27.4% from $1.98 billion...
Profit rates increased significantly on national savings schemes
In response to rising policy rates, the government has increased profit rates on all national savings systems (NSS) by significant...
The private sector experiences a 74% decrease in bank lending
Due to an uncertain situation brought on by the ongoing political and economic instability, the private sector is now forced...
Ishaq Dar reaffirms govt’s commitment to promote Islamic finance
Senator Mohammad Ishaq Dar, Federal Minister for Finance and Revenue, revised the government's commitment to promote Islamic finance and abolish...
Pakistan signs $240mn loan agreement with Saudi Fund for Development of KP dam
To finance the Mohmand Multipurpose Dam Project, the government has inked a $240 million credit arrangement with the Saudi Fund...
FM Ishaq Dar cancels US trip as political crisis worsens
Despite Pakistan's best efforts to persuade the International Monetary Fund (IMF) to issue a $1.1 billion loan tranche, Federal Minister...
Intra-day update: rupee maintains upward momentum against US dollar
The Pakistani rupee continued to rise against the US dollar, gaining almost 0.38% in the early hours of Friday trade...
Kohala Hydropower Project Faces Delay as Chinese Lenders Demand Payments
The Kohala Hydropower Project hit another snag when Chinese financiers stated that they will give the necessary financing once the Rs350...
Foreign exchange reserves fell by $36 million to $4.20 billion
The State Bank of Pakistan (SBP) reported on Thursday that its foreign exchange holdings decreased by $36 million to $4.20...
Bullish Momentum Continues at Bourse as KSE-100 Index Surges Over 400 Points
The Pakistan Stock Exchange (PSX) witnessed a positive momentum as the KSE-100 Index was traded above the 40,000 level during...