Sharp increase in imports has widened the trade and current account deficits in 2021
State Bank of Pakistan
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EconomyExclusiveLatest Updates
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EconomyLatest Updates
SBP accuses banks of involvement in currency speculation
by Umar Sohailby Umar SohailKARACHI: The State Bank expressed serious concerns on Thursday over speculation by banks in the currency business, saying they were involved in the multibillion-rupee game. Banking sources said a high-level …
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EconomyLatest Updates
‘Good news soon’ about IMF programme: Shaukat Tarin
by Umar Sohailby Umar SohailKARACHI: Advisor to the Prime Minister on Finance Shaukat Tarin on Sunday said the government would give the nation “good news” about the stalled $6 billion International Monetary Fund (IMF) …
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EconomyLatest Updates
‘Good news soon’ about IMF programme: Shaukat Tarin
by Umar Sohailby Umar SohailKARACHI: Advisor to the Prime Minister on Finance Shaukat Tarin on Sunday said the government would give the nation “good news” about the stalled $6 billion International Monetary Fund (IMF) …
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EconomyLatest Updates
Speculation blamed for volatility in forex market
by Umar Sohailby Umar SohailKARACHI: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has said that satta or speculation has “definitely” played a role in the recent volatility in the foreign exchange market. …
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Can anyone Nab NAB; Finance ministry unaware of Rs815bn of NAB recoveries
by Umar Sohailby Umar SohailISLAMABAD: Finance Ministry has no knowledge of the amount NAB has recovered unscrupulous money from the looters. NAB has only deposited Rs 6.45 billion in national exchequer. In a parliamentary …
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Tarin said, “There are certain conditions in the IMF agreement that require constitutional amendments and such changes cannot be effected because we lack a two-thirds majority in the parliament.”
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Tarin said, “There are certain conditions in the IMF agreement that require constitutional amendments and such changes cannot be effected because we lack a two-thirds majority in the parliament.”
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EconomyLatest Updates
Pakistan & IMF Moving towards Staff Level agreement, exchanged MEFP; Resident Rep Tell TTI
by Umar Sohailby Umar SohailGovt finds itself in tough position as there are risks attached either with or without the IMF deal. MEFP is exchanged. IMF chief in Pakistan tells TTI “still working” on …
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EconomyLatest Updates
Rupee appreciates slightly against the US dollar
by Umar Sohailby Umar SohailLocal currency closes the session at Rs170.87 on Thursday with a gain of 0.05%. On Wednesday, the SBP announced that it would take measures to curb the “undesirable” outflow of …