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State Bank of Pakistan to launch Urdu website

KARACHI: The State Bank of Pakistan has said it will soon launch an Urdu website following Supreme Court’s order to implement Urdu as official language across the country. The SBP issues annual report, agricultural policy, notifications and quarterly reports in … Read More

PM stresses need to enhance country’s exports and revenues

ISLAMABAD: Prime Minister Nawaz Sharif has underscored the need for enhancing exports and revenues by exploring new avenues in order to achieve the objective of development. He was chairing the meeting of heads of chambers of commerce, representatives of All … Read More

Country’s liquid foreign reserves reach $18,598m, says SBP

KARACHI: The total liquid foreign reserves held by the country reached US$18,598.0 million on Thursday, the State Bank of Pakistan said in a press statement. The break-up of the foreign reserves position is as follows: i) Foreign reserves held by … Read More

SBP releases Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$18,508.7 million on August 21, 2015.The break-up of the foreign reserves position is as under: Foreign reserves held by the State Bank of Pakistan: US$ 13,458.4 million

Net foreign … Read More

SECP tells Power Minister, could not intervene in IPPs matters

ISLAMABAD: Security Exchange Corporation of Pakistan (SECP) has expressed its inability to intervene in the matters of Independent Power Producers (IPPs) in response to a letter of the Water & Power Minister seeking the regulator’s intervention in alleged financial irregularities … Read More

SBP vigilant of foreign exchange market

KARACHI: The State Bank of Pakistan is cognizant of the global developments related to markets and is keenly observing its impact on the domestic economy as well, read a press release issued Tuesday. Yesterday, financial markets across the globe witnessed … Read More

Petroleum prices in Pakistan to go down by as much as Rs 6/ltr

KARACHI: Petroleum prices in Pakistan are likely to go down in wake of declining rates in international market, ARY News reported. As the oil prices reached the lowest level in six years in global markets, a similar cut in petroleum … Read More

ADB expresses willingness to finance power projects in Pakistan

ISLAMABAD: Asian Development Bank (ADB) has expressed willingness to finance projects in Pakistan relating to upgradation and strengthening of power transmission lines and distribution system. This was stated by Country Director ADB Werner Liepach while discussing different financial projects of … Read More

Traders holding shutter down against Withholding Tax

KARACHI: Traders observing countrywide shutter down on Saturday (today) against 0.3 per cent withholding tax on the banking transactions and other taxation measures of the federal government, ARY News reported. Traders observing complete shutter down in some cities, while in … Read More

Govt reduces petrol prices

ISLAMABAD: Federal government announced cuts in prices of petroleum goods on Friday, ARY News reports. According to details, the federal government has decreased per litre price of petrol by Rs. 1.03 while the cost of high-speed diesel has been dropped … Read More