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Banks must Increase their Outreach and Penetration to Agriculture Sector: Governor SBP

KARACHI, Pakistan: The annual meeting of Agricultural Credit Advisory Committee (ACAC) was held on December 14, 2023 in Lahore under the chairmanship of the...

Pakistan’s foreign reserves rise by $99.3 million

Total reserves: $12.2 billion, up by $99.3 million SBP reserves: $7.0 billion, up $20.6 million Commercial Banks reserves: $5.2 billion, up by $78.7...

Commerce Minister Dr. Gohar Ejaz Champions Pakistan-China Trade During Visit to Beijing

BEIJINC, China: The Caretaker Minister of Commerce Dr. Gohar Ejaz is leading a more than 20-member delegation currently in China. This endeavor follows the...

Commerce Minister leaves for China with high-profile trade delegation as part of ‘Vision Pakistan USD 100 billion’

ISLAMABAD, Pakistan: The Interim Minister of Commerce & Industry Dr. Gohar Ejaz will visit China along with a high-profile business delegation. The visit is a...

Remittances increased by 4% YoY to $2.3 billion in November 2023

ISLAMABAD, Pakistan: The remittances sent by Overseas Pakistanis increased by 4 percent Year on Year (YoY) to US$ 2.3 billion during November 2023 compared...

Pakistan’s foreign reserves fall by $286 million

Total reserves: $12.1 billion, down by $286 million SBP reserves: $7.0 billion, down $237 million Commercial Banks reserves: $5.1 billion, down by $49...

Industrial Advisory Council’s 1st Meeting to Kickstart ‘Vision Pakistan: Road to $100 Billion Exports’

ISLAMABAD, Pakistan: The Ministry of Industries and Production has announced the inaugural meeting of the Industrial Advisory Council (IAC) under the visionary leadership of...

State Bank issues instructions for enabling ‘RAAST’ Person to Merchant Payment Service

KARACHI, Pakistan: The State Bank of Pakistan (SBP) has issued instructions to its Regulated Entities (REs) for enabling RAAST Person-to-Merchant (P2M) payment service for...

U Microfinance Bank posted Net Profit of Rs 1.7 billion for nine-months ended 30 September 2023

ISLAMABAD, Pakistan: U Microfinance Bank Limited, Pakistan’s fastest-growing microfinance bank, has announced financial results for the nine months ended September 30, 2023. The announcement...

Ministry denies closure of industries in Karachi, Sindh & Balochistan

ISLAMABAD, Pakistan: The Ministry of Industries and Production has denied the recent claims of industrial closures reported by certain quarters. “Contrary to the assertions made...

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