Friday, May 24, 2019

SBP says Pak exports to Afghanistan falls 17.68pc

ISLAMABAD: The State Bank of Pakistan (SBP) said that the country's export of goods to Afghanistan decreased by 17.68  percent during July-December (2018-19) to...

SBP reserves fall to almost 5-year low

KARACHI: Reserves held by the State Bank of Pakistan (SBP) dropped by $148 million during the week ended on Jan 11 on account of...

Current account deficit shrinks by 4.4 percent

KARACHI: The government found another reason to sigh with relief as the crucial current account deficit (CAD) slipped slightly by 4.4 per cent to...

Bank Alfalah, Engro Polymer form strategic SCF partnership

LAHORE: Bank Alfalah Limited (BAFL) and Engro Polymer & Chemicals Limited (EPCL) have signed a MOU to design and implement customized Supply Chain Finance...

Pakistan’s reliance on Chinese funding to grow: Fitch

KARACHI: The government’s reliance on China will only grow in the coming years as private sector investment continues to decline in the country despite...

Policy lending to resume after IMF bailout finalised: ADB

ISLAMABAD: The Asian Development Bank (ADB) would restore policy lending to Pakistan on the finalisation of a bailout package from the International Monetary Fund...

British Airways to resume flights to Pakistan after 10 years

ISLAMABAD: The British Airways on Tuesday announced to resume flight operations to Pakistan after as many as 10 years. The announcement was made by...

Hopeful rupee will stabilise as money flows in: SBP governor

LAHORE: State Bank of Pakistan governor Tariq Bajwa on Sunday expressed hope that the slide in the rupee will be stemmed once money flows...

Overseas Pakistanis remit $9.02b in the first 5 months of FY19

KARACHI: Overseas Pakistani workers remitted US$9028.60million in the first five months (July to November) of FY19, showing a growth of 12.56% compared with US$8021.18million...

Reforms for progress

TARIQ KHOSA THE current mood in Pakistan reflects a fractured society. Will our political leadership remain mired in confrontation? Are we reaping the harvest of...

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