Pakistan’s REER index falls further to 96.2 in December
In December, Pakistan's Real Effective Exchange Rate (REER) dropped significantly from 98.9 in November to 96.2 in December, according to...
Current account deficit recorded at $0.4 billion in Dec 2022: SBP
According to data issued by the State Bank of Pakistan (SBP) on Wednesday, Pakistan's current account deficit decreased dramatically from...
SBP plans to increase 35pc Islamic banking by 2025
The State Bank of Pakistan (SBP) aimed to increase the percentage of Islamic banking to 35% by 2025, according to...
SBP governor hopeful of foreign exchange inflows in coming days
Jameel Ahmed, the governor of the State Bank of Pakistan (SBP), expressed hope on Wednesday that the situation of Pakistan's...
Large-scale manufacturing sector weighed down by 5.5% in Nov 2022
Large-scale manufacturing (LSM) output declined by 5.5% in November 2022 as compared to the same month a year ago due...
Rs. 2 billion hydropower project inaugurated in Mansehra
The Kotkay minor hydropower project was officially launched on Tuesday by Irrigation Minister Arshad Ayub following the completion of construction...
Oil prices extend gains on optimism over China’s recovery
The belief that China's strict Covid-19 limitations will be lifted will result in a recovery in fuel demand in the...
KSE-100 fell more than 1,300 points as economic concerns mount
On Tuesday, the KSE-100 Index fell more than 1,350 points to close at a little over 38,300, enveloping the Pakistan...
Pakistan eyes higher exports to China in 2023
"I believe that Pakistani producers would experience a significant reversal when China eases its Covid-19-related limitations. Ghulam Qadir, Commercial Counsellor...
Russian team to arrive today for oil talks
Today, a high-level Russian delegation headed by the nation's energy minister arrived in Pakistan in preparation for the upcoming 8th...