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Business

Web Desk
Jun 27, 2024

SBP-held forex reserves dip by nearly $239 million

The latest data from the State Bank of Pakistan (SBP) revealed a notable decline in the country’s foreign exchange reserves during the week ending June 21, 2024.

Pakistan

Shahzad Paracha
Mar 18, 2024

IMF-Pakistan talks over SBA review stretch as key sectors remain unaddressed

The need for additional time was agreed upon to delve into matters concerning external financing, energy sector circular debt

Business

Web Desk
Mar 14, 2024

Pakistan, IMF discuss fiscal strategy and energy sector sustainability

Pakistan’s Finance Minister, Muhammad Aurangzeb, engaged in discussions regarding structural reforms and the sustainability of the energy sector during a meeting with the International Monetary Fund (IMF) mission on Thursday, as per a statement released by the finance ministry.

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
Feb 19, 2024

Fitch urges prompt action as Pakistan’s IMF SBA nears expiry

Fitch Ratings has warned that political uncertainty could complicate the country’s efforts to secure a new financing agreement with the IMF.

Business

Web Desk
Jan 05, 2024

SBP reports highest forex reserves since July 2023

In a weekly update, the State Bank of Pakistan (SBP) reported a notable surge in foreign exchange reserves, revealing an increase of $464 million, reaching $8.2 billion as of December 29.