Adnan Farooq
The dollar recorded stellar gains to reach the fiscal year high against the rupee as despite falling demand for the greenback in the interbank as well as the open market. On Tuesday, the dollar was
Adnan Farooq
Pakistan’s current account deficit in the fiscal year 2019-20 shrank by nearly 78 percent to $2.96 billion compared to $13.434bn in the corresponding fiscal year, data released by the State Bank of Pakistan showed on
Adnan Farooq
Foreign direct investment into the country jumped by 45 percent in June to $174.8 million compared to May 2020 after recording declines for two consecutive months in the last quarter of fiscal year 2019-20, latest
Adnan Farooq
Pakistani rupee will remain stable in the short-to-medium term as soft demand for the country’s assets will cool the pressures on the rupee, said Fitch Solutions -- research arm of the Fitch Ratings. “Soft demand
Adnan Farooq
Pakistan received a record $23 billion in remittances during the July 2019 to June 20 despite the Covid-19 shock to the global economy in Jan- June 2020 period, the latest data released by the State
Adnan Farooq
The Federal Board of Revenue (FBR) officials on Thursday admitted to blocking refunds worth Rs532 billion in order to show higher-than-actual tax earnings since 2014. The board was not releasing refunds to concerned individuals and
Adnan Farooq
Pakistan’s current account in the month of May posted a surplus of $13 million, data released by the State Bank of Pakistan (SBP) showed on Tuesday. "Pakistan’s current account turned into a surplus of $13m
