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ISLAMABAD: In the first half of FY24, Pakistan’s trade deficit showed a significant improvement, decreasing by 34.29% Year-over-Year (YoY) to $11.15 billion, contrasting with $16.97 billion in 1HFY23, as per …

KARACHI/ISLAMABAD: Pakistan has witnessed a notable increase in remittances by 10-15% amidst a crackdown on exchange rate manipulation and illicit foreign exchange trade, as reported by Zafar Paracha, the General …

Exclusive Analytical Article published in The Truth International magazine No doubt Pakistan has been facing a serious financial crisis for the past many months that poses some crucial challenges to …

KARACHI: The head of a gang involved in unlawful currency exchange and Hawala Hundi operations was apprehended by the Federal Investigation Agency (FIA) State Bank Circle in Karachi. The FIA …

IT Exporters ISLAMABAD: In order to facilitate the IT exporters to boost the exports of IT and IT-enabled services, SBP has increased the permissible retention limit of IT exporters from …

Overseas Pakistanis LAHORE: Progressive Group in the Lahore Chamber of Commerce & Industry (LCCI) has called upon the government to set up a dedicated authority that should work for the …

Foreign currency ISLAMABAD: Amidst an ongoing nationwide crackdown, the Federal Investigation Agency Lahore recovered foreign currency from hoarders. The agency recovered foreign currency exceeding Rs15 million and Rs68.1 million in …

Debt Repayment ISLAMABAD: The foreign exchange reserves of the State Bank of Pakistan (SBP) further fell by $81 million WoW to $7.85 billion during the week ended on August 25. …

China and Japan ISLAMABAD: China and Japan are leading among the top 10 countries with the highest foreign exchange reserves by June 30, 2023. The Reserves of China stand at …

SBP has also started conducting mystery shopping exercise throughout Pakistan to investigate the apprehensions that some ECs are not selling foreign currency to their customers.