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Business

Web Desk
Sep 02, 2025

Pakistan OMCs report 7pc increase in sales in August 2025

This YoY growth in OMC sales was supported by gradual economic recovery and reduced smuggling from Iran, along with decline in petrol prices.

Business

Web Desk
Apr 05, 2024

IMF Board meeting scheduled for ‘late April’

IMF is gearing up to give Pakistan a financial boost of around $1.1 billion in its final installment of a $3-billion support package.

Business

Web Desk
Mar 14, 2024

Pakistan’s foreign exchange reserves surge by $17 million

The State Bank of Pakistan (SBP) witnessed a rise in its foreign exchange reserves by $17 million over the past week.

Business

Web Desk
Dec 29, 2023

SBP reports notable surge in forex reserves, reaching $7.75 billion

In a notable surge, the State Bank of Pakistan (SBP) witnessed a substantial increase of $852 million in its foreign exchange reserves within a week, reaching a total of $7.75 billion as of December 22, according to data released on Thursday.

Business

Web Desk
Dec 18, 2023

Pakistan records first current account surplus since June

In a noteworthy turnaround, Pakistan’s current account, after enduring four consecutive months of deficits, reported a surplus of $9 million in November 2023.

Business

Web Desk
Dec 12, 2023

SBP keeps policy rate unchanged at 22% amid economic developments

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has resolved to maintain the policy rate at 22 per cent.

Business

Web Desk
Nov 23, 2023

SBP’s reserves decline by $216.7 million amidst debt repayments

In the week concluding on November 17, 2023, the State Bank of Pakistan (SBP) observed a decline in its foreign exchange reserves by $216.7 million, marking a 2.93 per cent decrease compared to the previous week.

Business

Web Desk
Nov 21, 2023

Rupee strengthens vs US dollar, closes at PKR 285.79

The Pakistani rupee (PKR) demonstrated resilience against the US dollar (USD), marking 18 paisa gain in Tuesday’s interbank session to settle at PKR 285.79.

Business

Web Desk
Oct 31, 2023

PM Kakar optimistic about IMF review, expects successful conclusion

Caretaker Prime Minister Anwaar ul Haq Kakar expressed optimism on Tuesday regarding Pakistan’s upcoming review with the International Monetary Fund (IMF) scheduled for next month.