The State Bank of Pakistan's (SBP) foreign currency reserves increased $21 million and reached $11.22 billion in the week ended February 21, 2025, according to data released by the central bank on Thursday. A week ago, the foreign currency reserves held by the SBP had been at $11.20 billion, with an increase of $35 million. The SBP cited no reason for the latest rise in its reserves. Meanwhile,
A small shareholder of TRG Pakistan has obtained a stay order from Islamabad High Court that restrained Greentree Holdings from purchasing a significant further stake in TRG. Greentree Holdings, the largest shareholder of TRG Pakistan with a 29.7% stake, had launched on January 15 a tender offer for a further 35.1% shareholding in TRG Pakistan, representing foreign exchange inflows of $55 milli
The Ministry of Finance said on Thursday that wheat production may fall 11% to below 28 million metric tons this year due to dry weather conditions but inflation would remain stable around 3% in February. In its monthly economic outlook, the finance ministry stated that the upward trend in exports, imports and foreign remittances would continue in February too, indicating a current account defi
State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that macroeconomic indicators of the country have improved notably and collaborations among microfinance institutions play a vital role in driving financial inclusion and empowering individuals and businesses across the country. He was speaking at an event where ABHI and TPL Corp announced the launch of ABHI Microfinance Bank through t
Following Prime Minister Shehbaz Sharif's visit to Uzbekistan, economic strategists and regional experts stress that further enhancing and strengthening trade ties with Uzbekistan will open new avenues for business opportunities. They advocate for an innovative, integrated, and digitalised model of economic integration, industrial cooperation, investment, and joint ventures. They said there is