Economic turmoil
Analyst attributes decline to LC payments for oil, exporters interested in quick earnings from rupee depreciation.
Updated 28 Jul, 2022 12:51pm
The greenback is now at a 20-year high against other world currencies.
Updated 26 Jul, 2022 09:42am
Bankers say an emergency should be declared to fix the balance of trade.
Updated 26 Jul, 2022 09:19am
The currency’s value will continue to be determined essentially based on forex demand and supply, which the SBP can influence.
Updated 25 Jul, 2022 10:27am
Without a national consensus on major economic decisions, Pakistan will continue spiralling down.
Updated 25 Jul, 2022 10:32am
Tenuous state of economy urges end to political turmoil and calls for responsible economic management in months ahead.
Updated 25 Jul, 2022 09:05am
If sustained development project is to take root in Pakistan, it would've to be built on idea greater than ‘IMF has asked for it’.
Updated 25 Jul, 2022 09:20am
The import bill outstrips export earnings by a wide margin every year and results in a shortage of dollars in the local market.
Updated 02 Mar, 2023 01:26pm
A day earlier, the cabinet approved an ordinance pertaining to the sale of national assets in a bid to overcome economic crisis.
Updated 24 Jul, 2022 07:29am
Says $33.5 billion in gross external financing needs will be met “comfortably” with $35.9bn in available financing.
Published 23 Jul, 2022 07:39pm
It’s time to go back to the basics, which may be termed as Solution 101 — ‘earn more and borrow less’.
Updated 23 Jul, 2022 09:43am
Tariff for those consuming 101-200 units per month increased by Rs7.21, rate for consumers using 201-300 units goes up by Rs8.31.
Published 23 Jul, 2022 07:20am
Analyst says rupee's decline a "bitter fact", but not an exception.
Updated 22 Jul, 2022 03:40pm
After an initial 290-point plunge, market recovers to close at 40,077.30 points, up 245.55.
Updated 22 Jul, 2022 05:31pm
Islamabad views Washington as an important partner in efforts to revive Pakistan’s economy, SAPM Tariq Fatemi tells US official.
Updated 22 Jul, 2022 09:46am
Urge govt to fix dollar rate, appoint SBP chief and declare economic emergency.
Updated 22 Jul, 2022 01:43pm
Influential group of international investors welcomes govt’s "bold policy measures" but laments high taxes, rupee’s slide.
Updated 22 Jul, 2022 09:33am
SBP holds $3.82bn worth of gold, which is more than half the total funds that IMF is expected to disburse.
Updated 22 Jul, 2022 08:04am
Cabinet meeting claims it will bring down petroleum prices by next month; agreement with Turkiye expected to boost trade to $5bn.
Updated 22 Jul, 2022 02:19pm
Says pressure on the rupee is likely to diminish and demand for dollars will soon be lower than its supply.
Updated 22 Jul, 2022 07:40am
Dastgir says biggest indication of economic turmoil in "another country in the region" was that it ran out of petroleum products.
Updated 22 Jul, 2022 07:40am
It marginally revised inflation figures for FY22 and “substantially” for FY23.
Updated 21 Jul, 2022 02:31pm
Closes at 39,871pts; analyts say "unsettled" political situation and free-falling rupee adding to "panic".
Updated 21 Jul, 2022 04:36pm
Forex association chief says worried importers seeking safety of dollar and "unnecessarily" buying them up from market.
Updated 21 Jul, 2022 04:57pm
The wiser option may be to seek a fresh, clear public mandate, instead of completing the term.
Updated 21 Jul, 2022 08:50am
Premier has called a federal cabinet meeting today to discuss economic and political situation.
Updated 21 Jul, 2022 08:14am
Urge central bank to play role to end exchange rate volatility.
Updated 21 Jul, 2022 09:23am
Bloomberg report claims Fund "assessing Saudi commitment to financing Pakistan" before fresh disbursement.
Updated 21 Jul, 2022 08:00am
Says inflation, depreciation show people have lost trust in current government, calls for early elections.
Published 20 Jul, 2022 08:28pm
Dollar touches Rs225; analysts cite lack of economic guidance and SBP not intervening.
Updated 20 Jul, 2022 04:27pm
