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Yearly Archives: 2020

The Current Account of Pakistan Remains in Surplus

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According to central bank data released on Wednesday, Pakistan's current account balance continued to remain in surplus for the second consecutive month at $297 million in...

Saudi Arabia Lifts Ban on Flights from Pakistan

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After the latter's progress in containing the coronavirus outbreak, Saudi Arabia lifted a ban on international flights coming from Pakistan on Wednesday. The government of Saudi...

IMF Urges Pakistan to Further Cap Limits on Short-Term Borrowings

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The International Monetary Fund (IMF) is looking to go ahead with the short-term borrowing constraints to fill the budget gap resulting from the projections that Pakistan's...

SBP Holds Policy Rate at 7%

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The State Bank of Pakistan's (SBP) Monetary Policy Committee (MPC) has agreed to keep the policy rate unchanged at 7%, as the Committee believes that the...

Pakistan’s Altaf Khanani Got Huge Sums from Account in Danske Bank

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The world of global finance is once again shaken by the new leaks called the FinCEN Files after Panama Leaks, revealing how the world's leading banks...

Government Process to Recover Rs517 Billion GIDC Amount Hits Snag

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The procedure initiated by the Petroleum Division to recover Rs517 billion raised by various sectors of the economy at the head of GIDC (Gas Infrastructure Production...

Pakistan’s Textile Sector Back at Full Capacity

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The textile industry, Pakistan's single largest export earning market, has increased production to pre-Covid-19 full-capacity levels, as a major improvement in the country's pandemic containment has led...

SBP Reserves Are Rising to $12.8 Billion from $13 Million

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As per the data released by the State Bank of Pakistan (SBP) on Thursday, the foreign exchange reserves kept by the central bank increased 0.1 percent...

Pakistan’s FATF October Review to Go Well: Yao Jing

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Finance Advisor Dr. Abdul Hafeez Sheikh and Chinese Ambassador Yao Jing addressed issues related to the Financial Action Task Force (FATF) and the latter said the...

SBP to Issue Monetary Policy Rate on Monday

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The State Bank of Pakistan (SBP) will issue a Monetary Policy Statement with status quo expectations for the next two months on 21st September. The SBP's...
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