A deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government of the Islamic Republic of Pakistan, represented by the State Bank of Pakistan (SBP), has been signed today by the Chief Executive Officer of SFD, H.E. Sultan ...

The Pakistani Rupee (PKR) slid to a new record low against the US Dollar (USD) and depreciated by 74 paisas against the greenback in the inter-bank market today. It hit an intra-day low of Rs. 176.3 against the Dollar during today’s open market session. The local currency depreciated by 0.42 ...

Pakistan’s recent policy adjustments, demonstrated access to external financing, and its commitment to a market-determined exchange rate has offset rising external risks from a widening current-account deficit, according to Fitch Ratings. The rating agency stated in the report ‘Reforms and ...

Official numbers issued by the State Bank of Pakistan (SBP) indicate that Pakistan’s overall debt and liabilities have eclipsed Rs. 50 trillion. Pakistan’s overall debt and liabilities had reached a new high of Rs. 50.5 trillion by the end of September 2021, which was an increase of Rs. ...

*Advisor to PM on Finance and Revenue Shaukat Tarin has revealed that the federal government will table a mini-budget by next week.* “The latest agreement with the International Monetary Fund (IMF) is different from the previous ones,” he said. Tarin claimed that tougher conditions were ...

KARACHI: Pak Rupee remained stable without major changes in early trade at the interbank foreign exchange market on Wednesday. The dollar is being traded at Rs174.30 at the opening of the interbank market. The exchange rate was closed at Rs174.30 on Tuesday, November 23, 2021. The local ...

The Pakistani Rupee (PKR) continued to post strong gains against the US Dollar (USD) and appreciated 46 paisas against the greenback in the inter-bank market for the second consecutive day. It hit an intra-day high of Rs. 174.10 against the USD during today’s open market session. The PKR ...

ISLAMABAD - Pakistan and the International Monetary Fund have finally reached a staff level agreement on policies and reforms to complete the sixth review under six billion dollars Extended Fund Facility. The agreement is subject to approval by the Executive Board of the IMF. The IMF has set ...

The government has started implementing the conditions link imposed by the International Monetary Fund for the revival of $6 billion extended fund facility programme as it has readied a bill link that will allow it to levy new taxes link to Rs350 billion to Rs400 billion. Sources divulged on ...

ISLAMABAD – The International Monetary Fund (IMF) and Pakistan finally reached a staff-level agreement under the $6 billion Extended Fund Facility (EFF). Reports in local media said the global lender agreed to revive a $6 billion bailout package link for the South Asian country – providing a ...