Business News | PSX | News Updates from Pakistan Economy

Jameel Ahmad appointed as SBP's new governor, notification issued

The federal government on Friday appointed Jameel Ahmad as the new governor of the State Bank of Pakistan (SBP). He was previously the central bank's deputy governor.

August 19, 2022
Published in Business

Govt will lift ban on luxury imports under IMF condition: Finance Minister

Finance Minister Miftah Ismail, in a press conference alongside members of the economic team, said that the import ban on non-luxury items was placed in line with the IMF's demands.

August 18, 2022
Published in Business

Govt focusing on enhancing exports: Miftah

Addressing Leaders in Islamabad Business Summit in Islamabad, Finance Minister Miftah Ismail has said the government is focusing on enhancing exports.

August 17, 2022
Published in Business

Pakistan sends back letter of intent to IMF

Finance Minister Miftah Ismail confirmed Wednesday that the government has sent the letter of intent (LoI) back to the International Monetary Fund (IMF) after fulfilling the pre-requisites, paving the way for the executive board's meeting.

August 17, 2022
Published in Business

Pak Suzuki becomes second company to reduce prices citing rupee appreciation

Pak Suzuki Motor Company Limited (PSMCL) announced on Tuesday that the prices of various models have been reduced by Rs75,000-199,000 effective August 16, citing rupee appreciation against the dollar.

August 17, 2022
Published in Business

Govt jacks up fuel prices

The Government of Pakistan Monday jacked up the petrol price by Rs6.72 per litre for the next fortnight.

August 15, 2022
Published in Business

Gold loses shine, price plummets by Rs4,300 per tola

In line with the international market, the price of gold plunged by a whopping 3.1% in the domestic market amid no demand from consumers.

August 15, 2022
Published in Business

KSE-100 index gains 764.25 points, rises by 1.78 per cent

The Pakistan Stock Exchange (PSX) continued its positive momentum on Monday on the back of the International Monetary Fund’s (IMF) letter of intent and other expected inflows.

August 15, 2022
Published in Business

IMF programme to provide reprieve to country: Murtaza Syed

Acting Governor State Bank of Pakistan (SBP) Dr Murtaza Syed has expressed the hope that the crucial IMF bailout package will provide a reprieve to the country.

August 15, 2022
Published in Business

PKR likely to continue winning streak on IMF optimism

The Pakistani rupee is expected to continue its upward trajectory on renewed optimism that the International Monetary Fund (IMF) bailout package will resume by the end of this month.

August 14, 2022
Published in Business

Summary to increase petroleum prices sent to PM

The Oil and Gas Regulatory Authority (Ogra) has sent a summary to Prime Minister Shehbaz Sharif seeking approval of the changes in the prices of petroleum products.

August 13, 2022
Published in Business

Petrol prices likely to go down from August 16

The government may announce a major cut in the prices of petroleum products as the rates of oil decline in the international market and the dollar depreciates.

August 12, 2022
Published in Business

Stocks add 368 points on rupee appreciation

The benchmark KSE-100 index reversed its losses on Friday on the back of the rupee's strong recovery and expected inflows.

August 12, 2022
Published in Business

Rupee continues upward trend in interbank trade

The rupee continued to gain for the ninth consecutive session on Friday, jumping by Rs3.28 in the interbank market.

August 12, 2022
Published in Business

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