SBP likely to increase interest rates today in off-cycle review
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) is likely to increase the interest rates when it meets today for an...
Maryam Nawaz responds to Rs5/litre petrol price drop
LAHORE: Pakistan Muslim League Nawaz's (PML-N) Senior Vice President and Chief Organizer, Maryam Nawaz Sharif, responded to the cut in petroleum prices by Finance...
Inflation shatters all records, spikes to nearly 50-year high of 31.5%
ISLAMABAD: In an alarming development, Pakistan’s inflation — measured by the consumer price index (CPI) — broke all previous records and skyrocketed to 31.5%...
Trade resumes as Pakistan, Afghanistan reopen Torkham crossing
PESHAWAR: The usual trade and movement of people between Pakistan and Afghanistan has fully resumed after the two sides reopened a key border crossing...
Pakistan accepts another IMF demand to increase interest rate
ISLAMABAD: Pakistan has agreed to raise the interest rate in an off-cycle review by two per cent, as the cash-strapped country faces pressure to...
Pakistan and the US discuss matters of market access, cooperation on trade
WASHINGTON: Federal Minister for Commerce Syed Naveed Qamar and USTR had comprehensive dialogue focusing on wide spectrum of trade and investment issues of mutual...
China, Iran come to Pakistan’s rescue from economic crisis
ISLAMABAD: Pakistan is struggling with its worst economic crisis in decades with its foreign exchange reserves, at their lowest in 10 years while two...
Premier Shehbaz expresses gratitude to ‘friendly nation’ for assistance before IMF deal finalized
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday expressed gratitude to a “very friendly nation” for providing assistance to Pakistan even before the finalization of...
Faysal Bank posts 67% growth in profit
ISLAMABAD: Faysal Bank Limited (FBL) achieved the landmark of Rs. 1 trillion in Balance Sheet footings with a record Profit Before Tax of Rs....
Petroleum products import bill shrinks by 9.27pc in 7 months of FY23
ISLAMABAD: The imports of the overall petroleum group contracted by 9.27 per cent during the first seven months of the current fiscal year (2022-23)...
