Thursday, October 6, 2022

SBP reserves inches upto $14.5 billion

During the week ended on September 2, 2022, SBP entered$,1166 million from IMF under EFF program, ” SBP said in a statement. “ After counting for external debt and other payments,...

FATF cell move puts pressure on rupee

ISLAMABAD Pakistan’s Ministry of Finance and profit weren't part of a decision taken by the Civil Aviation Authority( CAA) making it obligatory for inbound transnational passengers to declare all the foreign...

SBP Ask Exchange Companies to Seek Approval before Exporting Dollar

Karachi September 6 2022 SBP has decided that effective September 7, 2022, Exchange Companies shall seek previous blessing from SBP for similar import of USD currency notes and the Intended date...

Rupee trading in range of 230-232 in open market as spread with inter-bank widens

Spread betweeninter-bank and open- request rates soared to what currency dealers said was a major high with the gap hitting Rs10- 12 on Monday. The US bone finished at219.86 in theinter-bank request,...

Investment proposal floated as Qatar declines deposit plea

August 2022 saw only one LNG tender imported by the private sector. This was one better than no private significances a month before. Pakistan managed to arrange seven LNG loadings in...

Economy loss due to floods estimated to be up to $12.5bn

ISLAMABAD The government has estimated that the frugality suffered a loss of$ 10 billion to$12.5 billion in the cataracts. Affectation is projected to go up in the range of 24 to...

FATF team completes onsite visit to decide Pakistan’s fate

ISLAMABAD A 15- member platoon of the Financial Action Task Force( FATF) still concluded a five- day visit to Pakistan this week, a move that may pave the way for Islamabad to...

Rupee to remain under pressure next week.

Though the IMF blessing was completely regard in, the requests soughed with relief when the$1.16 bn eventually came in. But again came anxious due to the record affectation of 27( mama)....

Pakistan failed to meet IMF targets: report

ISLAMABAD Pakistan poorly failed to apply 16 of the 28 conditions that the International Monetary Fund( IMF) had set for$1.1 billion tranche, including the core condition to increase foreign exchange reserves...

IMF explains why market-determined exchange rate crucial

ISLAMABAD A request- determined exchange rate and limited State Bank of Pakistan( SBP) interventions remain pivotal to absorb external shocks, maintain competitiveness, and rebuild transnational reserves, says the International Monetary Fund(...
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