Shoaib Ansari
The country’s fiscal deficit in the fiscal year 2019-20 stood at 8.1 percent of the GDP, data released by the Ministry of Finance showed on Wednesday. In figures, the budget deficit in FY20 amounted to
Shoaib Ansari
The State Bank of Pakistan on Tuesday said that it has received $505 million from the World Bank. “#SBP has received USD 505.5 mn today from @WorldBank,” it said in a tweet released on the
Shoaib Ansari
The global rating agency Moodys on Monday said that the inflow of remittances into the countries dependent on these earnings will slow down due to the coronavirus implication and have a negative impact on the
Shoaib Ansari
The State Bank of Pakistan (SBP) on Wednesday enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies
Shoaib Ansari
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
Shoaib Ansari
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
Shoaib Ansari
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
Shoaib Ansari
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
Shoaib Ansari
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
Shoaib Ansari
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
