How much crude oil does the EU still import from Russia?
The UK has already stopped importing Russian crude following Moscow’s invasion of Ukraine. How much crude oil does the EU…
Economy
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SBP maintains policy rate at 15pc
Higher food prices could raise average headline inflation in FY23. SBP maintains policy rate at 15pc. The State Bank of…
46, 500 Pakistanis got jobs in CPEC Energy Projects: Report
Chinese management began focusing on the employment of graduates from specific universities in Pakistan. 46, 500 Pakistanis got jobs in…
Commemorative Rs75 banknote available for public
The central bank had revealed the design of the banknote during a ceremony. Commemorative Rs75 banknote available for public. The…
World Bank repurposes $2b for Pakistan’s flood-affected areas
“We are deeply saddened by the loss of lives and livelihoods due to the devastating floods,” says Raiser. World Bank…
SBP modifies foreign exchange regime
Move aims to promote documentation in forex transactions, encourage public to use banking channels. SBP modifies foreign exchange regime. The…
Pakistan’s current account deficit shrinks by 42% to $703m
SBP cites $0.5b increase in exports; contraction in imports by $0.2b as main reasons. Pakistan’s current account deficit shrinks by…
US to move $3.5 billion in Afghan central bank assets to Swiss-based trust
Money will be used to help stabilize Afghanistan’s collapsed economy. US to move $3.5 billion in Afghan central bank assets…
RDA inflows reach $5 billion mark in 24 months
Inflows of remittances during the month of August were recorded at $187 million: SBP RDA inflows reach $5 billion mark…
Crypto firm 21.co raises $25 million to value it at $2 billion
The post-money valuation makes 21.co “Switzerland’s largest crypto unicorn”, the company said. Crypto firm 21.co raises $25 million to value…