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The foreign exchange reserve of the State Bank increased by $27 million to $11.249 billion during the week ended on Feb 28. The SBP did not specify the sources of this inflow, but it is widely understood in the market that it has been purchasing dollars from the interbank market. The SBP is trying to maintain its reserves to reach the target of $13bn by the end of FY25. An IMF mission is cur

While urging quick decisi­ons to arrest the sliding export patterns, text­i­­le leaders on Thursday asked Finance Min­i­s­­ter Muhammad Aurangzeb to order the pro­mpt release of pending refunds of Rs329.5 billion. A delegation of the All Pakistan Textile Mills Association (Aptma), led by Chairman Kamran Arshad, apprised the finance minister of the challenges confronting textile exporters and ca

Following the recent visits of ‘President Trump’s advisers for digital assets’, the Ministry of Finance appears to have left the Ministry of Science and Technology high and dry over its months-long endeavour to be the custodian of virtual assets and cryptocurrencies. Sources told Dawn that the Ministry of Science, under Dr Khalid Maqbool Siddiqui, has been coordinating with a working group of a

After brea­king a four-session losing streak overnight, the sto­ck market on Wednesday struggled as investor sentiment remained mixed due to a lack of positive triggers, forcing the benchmark KSE 100 index into the red zone on late profit selling. Topline Securities Ltd said the stock market had a range-bound session, with the benchmark index moving between a high of 583 points and a low of 598

HERE it comes. The coming IMF review is going to be successful, but the government is likely to emerge significantly more hamstrung at the other end. We should expect an embattled budget drawing up process as the search for more innovative means to address business community concerns collides with a fiscal effort that needs to try and plug a Rs600 billion gap in the revenue target before June.