The State Bank of Pakistan (SBP) on Tuesday disclosed that it purchased $7.8 billion from the open market since June 2024, raising the country’s foreign exchange reserves to $14.5bn by end-June 2025 — a move aimed at ensuring external stability but one that could otherwise have strengthened the rupee and boosted imports. Testifying before the National Assembly’s Standing Committee on Finance an
The Federal Minister for National Food Security and Research, Rana Tanveer Hussain, has assured a Chinese agricultural delegation that Pakistan will extend full institutional support to all joint projects and ensure a transparent, efficient, and facilitative environment for Chinese companies and experts working in Pakistan. A 20-member Chinese delegation, led by Yuan Jianmin, Adviser to the Peo
The Pakistan Stock Exchange (PSX) took a dip on Monday, as investors opted to take profits amid growing concerns over the release of the third tranche of the International Monetary Fund (IMF) loan. The market saw a volatile session, with the benchmark KSE-100 index fluctuating sharply before closing down. Ahsan Mehanti of Arif Habib Corporation attributed the bearish market performance to inst
Pakistan’s Commerce Minister Jam Kamal’s recent visit to Bangladesh marked a pivotal step in resetting long-term bilateral relations, with the signing of several key agreements aimed at enhancing regional connectivity and investment. The most significant outcome was the signing of a Memorandum of Understanding (MoU) to establish a joint working group on trade. This new forum will bring togethe
The Securities and Exchange Commission of Pakistan (SECP) on Monday challenged the Auditor General of Pakistan’s (AGP) audit report 2024-25, which alleged that pay and allowance increases for its senior management were made unlawfully and without due process. In challenging the report, the commission also claimed that the auditor general’s office lacked the authority required to conduct the fin