DOHA – Amid the soaring political tensions in Pakistan, the International Monetary Fund (IMF) on Wednesday delayed the revival of the stalled $6 billion programme under the External Financing Facility (EFF) for Pakistan. The revival of the programme was expected to bring stability to the ...

DAVOS – Saudi Arabia said that it is finalizing the extension of $3 billion deposits to Pakistan, which is in dire need of financial assistance to tackle the worsening economic crisis. Saudi Minister of Finance Mohammed Al-Jadaan revealed it while talking to international media on the ...

KARACHI – The State Bank of Pakistan (SBP) has increased the interest rate by 150 basis points to 13.75 percent for the next six weeks to maintain the balance between inflation and economic growth. The Monetary Policy Committee of the central bank announced that it has jacked up the key ...

KARACHI – State Bank of Pakistan (SBP) has issued an advisory against Illegal offshore foreign exchange trading websites, mobile applications and platforms. The central bank issued the advisory after it noticed that an increasing number of offshore foreign exchange trading websites, mobile ...

ISLAMABAD – The Pakistani rupee on Tuesday continued to depreciate against the US dollar, closing at Rs195.74 in the interbank market. According to the State Bank of Pakistan (SBP), the rupee lost 0.8 percent of its value and breached Rs196 at one point during the day. According to ...