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SBP-held forex reserves drop to $4.2bn
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[ad_1] A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on October 9, 2018. — AFP With the cash-strapped nation failing to secure external financing despite attempts to resume a stalled bailout programme, the State Bank…
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As sales drop, Pak Tobacco inches towards closure | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan Tobacco Company (PTC) is moving towards shutting down its entire Jhelum factory, a step that it is compelled to take owing to a sharp fall in sales as illicit and smuggled cigarette brands flood the domestic market….
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Petrol price likely to drop by Rs10 per litre | The Express Tribune
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[ad_1] The Oil and Gas Regulatory Authority (OGRA) has proposed a reduction in the prices of petroleum products, whereby the price of petrol can drop by Rs10 per litre. According to Express News, the price of petrol can be reduced…
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Oil prices drop more than a dollar | The Express Tribune
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[ad_1] TOKYO: Oil prices dropped more than a dollar a barrel on Monday after weak economic data from China and expectations of another US interest rate hike outweighed support from OPEC+ supply cuts that take effect this month. Brent crude…
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SBP-held forex reserves register meagre drop
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[ad_1] $100 bank notes can be seen in this undated image. — AFP/File As the International Monetary Fund (IMF) programme remains stalled and Islamabad’s economic woes persist, the State Bank of Pakistan (SBP)-held foreign exchange reserves fell further. The central…
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Petrol price in Pakistan expected to drop in next fortnightly review
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[ad_1] Petrol price and litres displayed on a digital screen at a petrol pump in Karachi, on March 17, 2023. — The News The rates of petroleum products in Pakistan are expected to decline from April 1, Geo News reported…
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Pakistan’s forex reserves drop to $3.09b | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion in the week ending Jan 27, the State Bank of Pakistan (SBP) said on Thursday, which analysts said covers less than three weeks…
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Remittances drop to 31-month low at $2.04b | The Express Tribune
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[ad_1] KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis have continued to slow down, plunging to a 31-month low at $2 billion in December 2022. The straight drop in the inflows for the fourth consecutive month has…
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Alarming: Forex reserves drop to lowest level since Jan 2019
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[ad_1] An undated image of $100 note. — AFP/File Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell to $6.7 billion, official data released on Thursday showed, as the cash-strapped nation struggles to meet The forex reserves…
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Forex reserves drop by $327m to $7.49b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 4.17% on a week-on-week basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On November 25, the foreign currency reserves held by…
