Day: January 14, 2022

The World Bank’s Board of Executive Directors will consider the “Pakistan Housing Finance-Additional Financing” project next month, with the objective to increase access to housing finance for households and support capital market development in the co…

The Pakistani Rupee (PKR) has reversed yesterday’s losses against the US Dollar (USD) and posted gains in the interbank market today. It gained 31 paisas against the greenback after hitting an intra-day high of Rs. 176.00 against the latter during toda…

The inflows of remittances maintained its sustainability from the recent past which continued to surge the overall values to a handsome level of $15.8 billion in the first half of the financial year 2021-22.The remittances grew by 11.3 percent during t…

The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex market.According to the draft, prepared by the tax collection authority, …

Advisor to the Prime Minister on Commerce, Abdul Razak Dawood, has accepted the recommendation of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) to set up banking counters on the Pak-Afghan border.The advisor promised Presiden…

The Sensitive Price Indicator (SPI) for the week ended 13 January 2022 recorded a decrease of 0.43 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 16 (31.37 percent) items increased, nine (17.65 perce…

The National Assembly has passed the National Information Technology Board (NITB) Bill, which would not only enable the Board to harness the latest solutions ICT’s have to offer but would also induct and mainstream these technologies in the processes o…

Banks’ loans to the private sector dropped from 5.3 percent of GDP to 1.2 percent in the last 20 years, as per the World Bank (WB) data showing credit trends from 2001 to 2020.The WB is busy streamlining a picture of the current situation where the US …