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Monthly Archives: July, 2020

Pakistan Post’s Revenue Increases by Rs. 7.9 Billion in The Last 2 Years

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The revenue of Pakistan Post has witnessed a remarkable increase during the last two years from Rs. 11.7 billion to Rs. 19.6 billion. The turnaround...

Customer Complaints Against Banks Surge By 100% in 4 Years: SBP

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Customers’ complaints against bank services have risen to over 100 percent in the past four years, said a review of State Bank of Pakistan. The...

Foreign exchange: SBP reserves rise $67m to $12.12b

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The foreign exchange reserves held by the central bank increased 0.55% on a weekly basis, according to data released by the State Bank of...

SBP goes green, expands renewable energy refinance scheme

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In an attempt to encourage clean energy in the country, the State Bank of Pakistan (SBP) has enhanced the scope of its Refinance Scheme...

PSX Reintroduces its Rulebook to Eliminate Redundancies

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Pakistan Stock Exchange (PSX) has re-introduced its Rule Book under the Securities Act 2015 and the Futures Market Act 2016 and has aligned it...

Pakistan’s current account deficit shrinks by 78 percent in 2019/2020

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Pakistan’s Current Account Deficit (CAD) has reduced by 78 percent owing to lower imports and better inflows. The CAD fell to $2.966 billion during fiscal...

Pakistan Has Discovered New Oil and Gas Deposits in Khyber-Pakhtunkhwa

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Pakistan has discovered new oil and gas reserves in Khyber-Pakhtunkhwa province's Kohat district. The discovery was announced at the exploratory well in Tal Block, Mamikhel South-01...

SBP Foreign Reserves Increased from $13m to $12.05b

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According to data released on Thursday by the State Bank of Pakistan ( SBP), the foreign exchange reserves kept by the central bank increased by 0.11...

Development Budget Reduced by Rs170 Billion: Asad Umar

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The federal government had to reduce development budget by Rs170 billion due to coronavirus and this budget deficit would be met next year, said Asad Umar....

PM Inaugurates Diamer Bhasha Dam construction Work

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On Wednesday, Prime Minister Imran Khan kicked off the mega-building work at Diamer Bhasha Dam on River Indus near Chilas, which will generate 4,500 cheap and...
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