Finance Minister Ishaq Dar on Wednesday announced that the prices of petrol and diesel would remain unchanged for the next fortnight. In a televised address, he said: “The government has decided to maintain the price of high speed diesel (HSD) […] there will be no change. As for petrol, there will be no change and مزید پڑھیں

The State Bank of Pakistan (SBP) Thursday rejected rumours that the government has imposed restrictions on the opening of Letters of Credit (LCs) or contracts for the import of crude oil, liquefied natural gas (LNG) and other petroleum products. In a brief statement, the central bank said: “Such information is being spread with ulterior motives مزید پڑھیں

 Cascading global crises have left 54 countries — home to more than half of the world’s poorest people — in dire need of debt relief, the UN said Tuesday. In a new report, the United Nations Development Programme warned that dozens of developing nations were facing a rapidly deepening debt crisis and that “the risks مزید پڑھیں

Flying towards its ‘true value’, the Pakistani rupee continued to rise on Tuesday as it appreciated by Rs0.97 to Rs217 against the US dollar during early morning trading in the interbank market. The value of rupee appreciated for the twelfth day in a row as it improved from Monday’s closing value of Rs217.97 to Rs217 مزید پڑھیں

The Pakistani rupee continued to recover in the interbank market, extending its gains against the dollar for the 12 consecutive sessions. According to the Forex Association of Pakistan (FAP), the local currency gained Rs1.46 against the greenback during intraday trading in the interbank market. The rupee was being traded at Rs218.46 in interbank at around مزید پڑھیں

The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 15 per cent, according to a press release issued on Monday. Providing the reasons for the Monetary Policy Committee’s (MPC) decision, the SBP said: “The MPC was of the view that, based on currently available information, the existing monetary policy مزید پڑھیں

 Cash-strapped Pakistan has received additional external flows commitments worth $4 billion from international money lenders including, the Asian Development Bank (ADB), United Nations (UN), and the World Bank, among others. The State Bank of Pakistan (SBP) officials informed the analysts during the post-monetary policy committee meeting that Pakistan has received additional external flows commitments from: مزید پڑھیں

The government will not seek debt restructuring from Paris Club creditor nations, Finance Minister Ishaq Dar said on Sunday. Dismissing market rumours that the government might extend maturities for its bonds, Dar told a news conference in Islamabad that “we will fulfil all multilateral, international and bond obligations.” Moody’s last week downgraded Pakistan’s credit rating مزید پڑھیں

Finance Minister Ishaq Dar has reiterated his government’s commitment to strengthen country’s economy by taking all possible measures. Addressing media in Islamabad on Friday, he said no one will be allowed to control rupee’s value artificially. The Minister said by every passing day rupee’s value is improving, however, he regretted that the previous government devalued مزید پڑھیں

Moody’s Investor Service cut Pakistan’s sovereign credit rating on Thursday by one notch to Caa1 from B3, citing increased government liquidity and external vulnerability risks, following the devastating floods that hit the country earlier this year. The floods, caused by abnormal monsoon rains and glacial melt, have submerged huge swathes of the South Asian country مزید پڑھیں