Serving as the finance minister (FM) of Pakistan since 17 August 2023, Dr Shamshad Akhtar is known for heading boards of companies, in violation of the State-Owned Enterprises (SOE) Act
“With this background, the MPC convened an emergency meeting to respond to these developments. The MPC decided to raise the policy rate by 100 bps to 22 percent, effective 27th
ISLAMABAD: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has written a letter to the Governor of the State Bank of Pakistan requesting the opening of LCs (Letters
LAHORE: The Pakistan Business Forum (PBF) has called on the Governor State Bank of Pakistan (SBP) to pay attention towards the difficulties being faced by importers after the introduction of
Lahore: With the start of 2022, the State Bank of Pakistan has set the stage for the dawn of a new era for banking in Pakistan with the introduction of
Islamabad: Who misrepresented the current account deficit statistics? According to reports, the misrepresentation of inaccurate data by the statistic team led to a record current account deficit in November. The
According to the post-data record by Arif Habib Limited on a year-on-year basis, the primary reason behind the deficit was a 57% year-on-year increase in total imports to $7.3 billion.
Lahore: A deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government of the Islamic Republic of Pakistan, represented
KARACHI: President, Employers’ Federation Pakistan (EFP), Ismail Suttar, was completely bemused by the central bank’s actions towards the recent inflation rates. According to the details, he affirmed that the State
The Pakistani rupee (PKR) dropped to a record-breaking low of rupees 175.73 against the United States' dollar (USD) in the bank market on Friday. The local currency devalued around PKR