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BUSINESS
Workers remittances set healthy trend, make 13.6 % growth in 2022-23
KARACHI: July 10, 2023: The Workers’ remittances recorded an inflow of US$2.2 billion during June 2023. According to the data released by the State Bank of Pakistan (SBP) here on Monday in June 2023 remittances increased by 3.9 percent on…
IMF bailout to pull Pakistan out of economic crisis: says Bostan Khan
ISLAMABAD : July 1,2023: Commenting on Pakistan's agreement with the International Monetary Fund (IMF) for $ 3 billion loan under a standby arrangement, All Pakistan Currency Dealers Association (APCDA) chairman , Malik Bostan Khan , has…
SBP raises interest rate all time high to 22 % to appease IMF for release of stalled funds
KARACHI: June 26, 2023: In the statement after its meeting held on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the objective of price stability “barring any unexpected…
Pakistan need coherent labour policy to avoid Greece -boat sinking like tragedies : Mian Akram Farid
ISLAMABAD : June 25,2023: Chairman Skill Development Council Islamabad M. Akram Farid, while expressing his views during the meeting, said that Pakistan need to make a coherent labor policy to provide employment opportunities at home to…
SBP revises regulations to make EMIs more business friendly
KARACHI : June 23,2023: Pakistan has issued revised Regulations for Electronic Money Institutions (EMIs) with the aim to enhance outreach and scope of these innovative fintech-enabled payment companies.
The updated regulations now allow…
Prices of essential items jumped-up over 100 % in Shahbaz rule
ISLAMBAD: June 16, 2023: Pakistanis are braving matchless price-hike in Shahbaz government. A sensitive price index report suggests that year- on- year trend depicts increase of 34.96%, cigarettes (124.38%), tea Lipton (114.93%), wheat…
Pakistan’s economic woes continue as workers’ remittances miss target
KARACHI: June 14, 2023: Workers’ remittances recorded an inflow of US$2.1 billion during May 2023.
• In terms of growth, during May 2023, remittances decreased by 4.4 percent on m/m and by
10.4 percent on y/y basis.
• With cumulative…
Hotel, industrial sector ignored in budget FY 23; Mian Akram Farid
ISLAMABAD : June 11,2023: Chairman (Central) Employers Federation of Pakistan Senior vice Chairman Pakistan Hotel Association Mian Akram Farid while expressing his views on the federal budget said the proposals of the business community…
SBP extends last date for encashment of bonds for fifth time
SKARACHI: June 8, 2023: The federal government has given another opportunity to the public to get the withdrawn prize bonds
of Rs.7500, 15,000, 25,000 and Rs. 40,000 redeemed/encashed to June 30, 2023. Earlier, the
government had fixed…
SBP renews ECAIs status for VIS, PACRA
Karachi: June 6,2023. The State Bank of Pakistan (SBP) has renewed the status of the two credit rating agencies operating in Pakistan
namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited…
