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Tag: Pakistan Finance

Panda Bonds Pakistan launch
Business
  • Web Desk
  • Aug 06, 2024
Pakistan hires Chinese adviser to help issue Panda Bonds

Aurangzeb has previously suggested plans to raise up to $300 million through Panda Bonds this year, aiming to attract Chinese investors.

petrol price without IMF support
Business
  • Web Desk
  • Jun 15, 2024
Senate proposes massive increase in petroleum levy on high octane fuel

The Senate Standing Committee on Finance and Revenue has proposed a significant hike in the petroleum development levy (PDL) on high octane fuel, recommending an increase to Rs100 per litre.

SBP held foreign exchange reserves
Business
  • Web Desk
  • Jan 19, 2024
SBP reports weekly drop in forex reserves amid debt repayments

State Bank of Pakistan (SBP) witnessed a reduction in its foreign exchange reserves by $127 million, bringing the total to $8,027.4 million.

Interbank closing SBP rate
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.

SBP to facilitate IT exporters
Business
  • Web Desk
  • Oct 21, 2023
No change expected: SBP likely to maintain 22% interest rate

The State Bank of Pakistan (SBP) is expected to keep its key interest rate steady at 22 per cent this month, according to Topline Securities.

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