Govt trying to maintain forex reserves at optimum level: Miftah
ISLAMABAD: Miftah Ismail, the federal minister of finance and revenue, said on Wednesday that Pakistan has been working to maintain an ideal level of foreign exchange reserves despite flood damage in...
SBP says ‘banks complicit in currency manipulation
ISLAMABAD: As the Pakistani forex examined a brand new rock bottom of Rs240 in opposition to the greenback in early buying and selling on Wednesday, us of a’s pinnacle policymakers...
Yields on bonds spike in global markets
KARACHI: Yields on Pakistan's international bonds and Sukuk have risen in global markets, indicating that the risk of default on international payments has risen as a result of monetary policy tightening...
Trade deficit clocks at $3.2 billion in August.
As Per FBR
imports in Aug were $5.7b ⬇️ 13% from last year.
Energy imports were $2b (up 5%) & non-energy imports were $3.6b (⬇️ 21%).
Exports were 2.5b up 13%. Trade deficit was...
Friendly nations find trade deficit off-putting: Miftah
LAHORE: government minister Miftah Ismail disclosed on Sabbatum that “none of the friendly countries is prepared to moneyly support Pakistan” as a result of it “has associate degree unbalanced economy”, caused...
Small sigh of relief for rupee on Friday
KARACHI: The rupee on Friday controlled to level a modest healing in opposition to the United States greenback after struggling losses withinside the closing 15 consecutive sessions.
The greenback misplaced simply six...
UAE Central Bank Increase Rate by 75 basis points
UAE financial organisation Increase Rate by seventy five basis points admin-augafbyADMIN-AUGAFSeptember twenty two, 2022Reading Time: one min scan UAE financial organisation Increase Rate by 75 basis points UAE financial organisation Increase...
Pakistan financial crisis just not ending
ISLAMABAD:
Pakistan’s monetary woes won't ease quickly because the World Bank has indicated that it can membership the approval of coverage loans valuing at over $1 billion, with a view to require...
Dollar hits 20-year high vs euro as Fed hikes rates again
The euro to greenback ratio hit 0.9814 for the primary time due to the fact that October 2002, simply months after the forex have become the only criminal gentle of 12...
Cash-Strapped Pakistan Struggles to Keep China Happy
The Pakistani authorities has another time promised to begin making bills to China’s impartial electricity manufacturers (IPPs) installation below the China-Pakistan Economic Corridor (CPEC). It has additionally introduced the finalization of...
