KARACHI: State Bank of Pakistan registers yet another increase in the Foreign Exchange reserves. The State Bank of Pakistan (SBP) witnessed an increase of US$74 million in its foreign reserves during the week ending Feb 14. According to the central bank, the total liquid foreign reserves held ...

KARACHI: Chinese envoy makes an advice to the Pakistani businessmen over $6 billion trade deal in shape of Free Trade Agreement. Chinese council general on Thursday asked Pakistani entrepreneurs and traders to avail benefits from the Free Trade Agreement (FTA) phase-II. Speaking at the ‘Meet ...

KARACHI: Pakistani Rupee Rises further against the US dollar in the Interbank market. The Pakistani rupee, extending an upward trend, picked up three paisa against the US dollar in the inter-bank market. According to forex dealers, the local unit settled at 154.23 versus the greenback as ...

KARACHI: State Bank of Pakistan Governor Reza Baqir hints at good news for Pakistanis in coming days. State Bank of Pakistan (SBP) Governor Reza Baqir on Thursday said that the country would witness a decline in inflation from the upcoming months. “With a decline in inflation, its affects on ...

ISLAMABAD - Massive economic achievement worth $7 billion for the PTI government in FY 2019 - 20 in the current account deficit. The current account deficit of the country shrunk by 72% during the seven months of the financial year 2019-20, mainly on the back of lower imports of goods and ...

KARACHI: Pakistan Stock Exchange feels the heat of the FATF upcoming decision on Pakistan greylist. Pakistan Stocks Exchange (PSX) remained bearish on Thursday as KSE-100 index lost 92 points at the end of the days trading. The 100-index closed at 40,481 points. Yesterday, the market closed ...

ISLAMABAD - Pakistan and Kuwait have agreed to increase bilateral cooperation in diverse fields, including defence, security and counter-terrorism. An understanding to this effect came during Army Chief General Qamar Javed Bajwa's separate meetings with Deputy Prime Minister and Minister ...

ISLAMABAD - Toyota Indus Motor Company faces a big setback in FY 2019 - 20 with a loss of over Rs 4.6 billion. Toyota Indus Motor Company (IMC) has announced its financial results for the half-year ended, December 31st, 2019. The company posted a profit of Rs. 2.30 billion in the first half, ...

ISLAMABAD - Pakistan Railways has decided to launch a new train service between Gujranwala and Lahore by February 24 to facilitate the passengers of the two major cities of Punjab province. While announcing the launch of the new facility here Thursday, Minister for Railways Sheikh Rashid Ahmed ...

ISLAMABAD - In a first, Federal Board of Revenue cracksdown against the top fashion designers over massive tax evasion. The Federal Board of Revenue (FBR) has found massive tax evasion by fashion designers. According to the available documents, this was revealed while surveying for new ...