The bleak economic indicators are not letting the feeble rupee to take a break from its constant slumping against the US dollar as the local unit again registered a decline of 25 paisas in its value during the interbank trading on Tuesday. The currency dealers informed that the US dollar kept up ...

Prime Minister Shehbaz Sharif announced the "Aasan Qarza Program" (an easy loan program) for the youth. The PM announced that under this program, his government will provide an easy loan of Rs0.5 million to Rs1.5 million. PM Shehbaz made this announcement during his address to a ceremony of ...

KARACHI – The State Bank of Pakistan has revised annual growth forecasts to 3-4 percent for the current fiscal year. In the Annual Report, the central bank projects real Gross Domestic Product growth below the previously announced range for the current fiscal year, citing massive floods, and ...

Pakistan rupee recovered late to remain stable against the US dollar at the close of the interbank trading Saturday after losing a little shine in early hours. Pakistani rupee made a comeback in interbank trading as the greenback gained 6 paisa in its value in early trading. According to data ...

The volume of Foreign Direct Investment (FDI) in Pakistan has contracted by 48% in the first five months of the fiscal year as Pakistan the the economic challenges of the country. As per the latest data shared by the State Bank of Pakistan, Foreign Direct Investment (FDI) data of last five months ...

The State Bank of Pakistan (SBP) has cleared 30,000 pending cases of letters of credit (LCs) and others will be cleared after consultation with the Ministry of Commerce. SBP Governor Jameel Ahmed told the National Assembly’s Standing Committee on Finance that all confirmed LCs have been ...

Pakistan’s current account deficit decreased by over 85 percent on a year-on-year (YoY) basis to clock in at $0.28 billion in November, data released by the State Bank of Pakistan (SBP) showed on Friday. The country had posted a deficit of $1.9 billion in November 2021. On a month-on-month ...

Prime Minister Shehbaz Sharif has summoned an emergency meeting of his economic team to get a briefing on the economic condition of the country. According to sources, the meeting will begin shortly. Finance Minister Ishaq Dar, State Bank of Pakistan Governor Jameel Ahmed and Federal Board of ...

The State Bank of Pakistan (SBP) has informed the public that old design large-size banknotes could not be exchanged after December 31, 2022. According to a press statement issued by the State Bank on Tuesday, the federal government vide Gazette Notification F.No.2(1)IF-III/2010 dated December ...

KARACHI – The federal government has relaunched Prime Minister’s Youth Loan Scheme to provide interest-free and subsidized loan schemes to youth. After remaining suspended for the last five months, the project has again launched with tweaks to make it more beneficial for businesses ...