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Pakistan central bank hikes main policy rate

23 May 2022

Pakistan’s central bank raised its benchmark interest rate on Monday by 150 basis points to 13.75%, the second hike in less than two months, as the South Asian nation grapples...

Pakistan bans import of all non-essential luxury items to boost economy

19 May 2022

Pakistan has banned the import of all non-essential luxury goods in a bid to stabilise the economy, Information Minister Marriyum Aurangzeb said on Thursday, describing the situation as an...

Pakistani rupee drops to record low against US dollar amid talks with IMF

19 May 2022

Pakistan’s currency plummeted to an all-time record low in intraday trading against the US dollar on Thursday, amid uncertainty about the success of crucial talks between the International Monetary...

Pakistan’s remittances hit all-time monthly high

13 May 2022

Remittances from Pakistani workers employed abroad exceeded a record $3 billion in April, the central bank said on Friday as the country’s foreign reserves dwindled to $16.37 million due to...

‘Emerging Pakistan’ campaign launched on London buses

06 May 2022

A British Pakistani businessman has launched 150 iconic red double-decker buses carrying the slogan of “Emerging Pakistan” with pictures of Pakistan’s Prime Minister Shahbaz Sharif and his brother and...

UAE-funded dates factory in Pakistan commences operations

24 Apr 2022

The UAE Pakistan Assistance Programme (UAE PAP) has announced the start of commercial production at Dates Processing Factory Punjgur in Pakistan, which was built in Panjgur district, Balochistan province...

Pakistan willing to curb fuel subsidies: Minister

23 Apr 2022

Pakistan’s new finance minister on Friday agreed with IMF recommendations to reduce fuel subsidies and end a business tax amnesty scheme, pledging to pursue structural reforms to boost a crisis-wracked...

New government mulls reserved seats for overseas Pakistanis

21 Apr 2022

Tariq Butt, Correspondent The new government is considering giving reserved seats to overseas Pakistanis instead of letting them cast their ballots through i-voting in the next general elections. It...

Pakistan’s top bank chief receives monthly salary of Rs2.5m and other privileges

12 Feb 2022

Tariq Butt, Correspondent The State Bank of Pakistan (SBP) Governor Dr Reza Baqir receives a monthly salary of Rs2.5 million and worked at the International Monetary Fund (IMF) for...

President Xi meets PM Imran, hails strategic relationship between China and Pakistan

06 Feb 2022

Prime Minister Imran Khan met Chinese President Xi Jinping on Sunday, the final day of his four-day visit to the neighbouring country. In a tweet, Imran said he had...

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