The State Bank of Pakistan increased the interest rate from 16 percent to 17 percent. Governor State Bank announced the new monetary policy while holding a press conference in Karachi, he said that the interest rate has been increased by 1 percent. State Bank Governor Jameel Ahmed said that the foreign exchange reserves have decreased…
Shortly after the start of interbank market business, an increase in the value of the dollar has been seen, while the bearish trend continues in the stock exchange. According to the details, the dollar is being sold at 230.29 rupees after becoming expensive by 63 paise during the business in the interbank market. On the…
File photo Federal Minister for Maritime Affairs Faisal Sabzwari has said that all charges for containers stuck at KPT and Port Qasim have been waived. Faisal Sabzwari said in a press conference that the issue of containers stuck at ports has been considered, thousands of containers of shipping lines are stuck, the business of shipping…
File photo The State Bank of Pakistan has directed the banks regarding the clearance of import documents and said that the banks should clear the documents of the payers by arranging the foreign exchange. State Bank says it has provided banks with a mechanism to clear import documents, asking banks to prioritize imports of food,…
Pakistan can use Chinese Yuan to pay Russia Pakistan is negotiating a deal to buy cheap oil from Russia, with Russia considering payments through friendly China. According to media reports, Pakistan can use Chinese yuan to pay Russia, using Chinese currency instead of dollars will give strength to the yuan. According to the report, the…
File photo State Bank of Pakistan (SBP) will announce interest rates today. The interest rate will be decided in the meeting of the State Bank’s Monetary Policy Committee. Governor State Bank Jameel Ahmed will tell the decision of the committee in a press conference. It should be noted that the current interest rate in the…
Former finance minister and Muslim League-N leader Miftah Ismail says that inflation is on the rise in Pakistan and government institutions are losing billions. In the Quetta Press Club, Miftah Ismail, leader of Muslim League-N, Shahid Khaqan Abbasi, Mustafa Nawaz Khokhar. And held a press conference along with Lashkari Raisani in which he said that…
—File photo Large steel producers have expressed their reservations over the non-opening of LCs. According to the statement of the large steel producers, hundreds of industries are closed and 7.5 million people are at risk of unemployment. The release said that large steel producers have called for help to bring the steel sector out of…
—File photo As the global financial crisis deepened, American banks began preparing for mass layoffs. Millions of layoffs are expected in the U.S. banking sector due to declining revenue and pressure from investment banks to cut costs, according to a foreign news agency. According to media reports, those banks will be affected where there has…
The price of gold per ounce decreased by 2 dollars in the international market while the price of gold per tola in Pakistan increased by 1200 rupees. The price of gold per ounce decreased by 2 dollars in the international bullion market, and in the international market The price of gold per ounce rose to…
