Rupee takes a hammering, falls to historic low of 255 against dollar in interbank
Dollar down over Rs24.11 in interbank and more than Rs12 in open market. Rupee takes a hammering, falls to historic…
Economy
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Govt raises Naya Pakistan Certificate’s markup rates for foreign investments
Rate of return is now 7% for 3-month investments of $1,000. Govt raises Naya Pakistan Certificate’s markup rates for foreign…
FDI shrinks by 59% to $461m in first six months of FY 2023
Investment in power sector falls to $237 million from $345 million. FDI shrinks by 59% to $461m in first six…
Illegal channels: Pakistan’s remittances fall 19% to $2bn in Dec
Remittances decline 11% to $14.052 billion in first half of FY23. Illegal channels: Pakistan’s remittances fall 19% to $2bn in…
World Bank slashes Pakistan’s GDP growth projection by half
World Bank cuts Pakistan GDP growth projection to 2%. World Bank slashes Pakistan’s GDP growth projection by half. The World…
Saudi Arabia ready to invest more in Pakistan amid currency crisis
Saudi Crown Prince Mohammad Bin Salman instructs studying investment increase to reach $10b, deposits to $5b. Saudi Arabia ready to…
FBR assessment reveals 90% of dollars in Pakistan being hoarded
FRB member says govt making efforts for signing EDI agreements. FBR assessment reveals 90% of dollars in Pakistan being hoarded….
Afghan Taliban in oil extraction deal with Chinese company
Chinese company will invest $150 million a year in Afghanistan. Afghan Taliban in oil extraction deal with Chinese company. Afghanistan’s…
Markup rates for export financing raised to 13%
SBP raises export financing markup rates by 200 basis points. Markup rates for export financing raised to 13%. The State…
New Currency Notes with Governor Jameel Ahmad’s Signature to be Issued from Today: SBP
Jameel Ahmad was appointed SBP governor on August 19. New currency notes with Governor Jameel Ahmad’s signature to be issued…