SBP reserves drop $229m to $17.03b
ISLAMABAD: The State Bank of Pakistan’s (SBP) foreign exchange reserves declined by $229 million during the week ended July 24, 2026, settling at $17.03 billion, the central bank said. The drop was attributed to external debt repayments. Pakistan’s total liquid foreign reserves stood at $22.4 billion as of July 24. Of these, the SBP held […]
Cabinet rejects ban on rich purchases
Cars, property, stock curbs for ineligible persons shelved despite IMF commitment Prime Minister Shehbaz Sharif chairs a meeting of the Federal Cabinet in Parliament House Islamabad on June 26. Photo: PTV ISLAMABAD: The federal cabinet has rejected a proposal to immediately ban purchases of cars, investment in stocks, cash withdrawals and buying properties beyond a […]
‘Soft image revival key to economic growth’
LCCI says policy consistency, regulatory relief needed to project positive global image LAHORE: Pakistan possesses immense natural resources, tremendous human capital and vast economic potential, with nearly 65% of its population comprising youth, Lahore Chamber of Commerce and Industry (LCCI) President Faheemur Rehman Saigol said, stressing the need for collective efforts to project a positive […]
Finance ministry warns of risks despite economic gains
US-Iran tensions pose fresh risks as remittances, stocks surge but exports, FDI decline IMF projects 7.2% inflation this fiscal year, up from its earlier 6.3% estimate. PHOTO: PIXABAY ISLAMABAD: The Ministry of Finance has cautioned that renewed escalation in tensions between the United States and Iran could trigger volatility in global energy prices, trade flows […]
Myanmar to take back 5,000 Rohingyas
. KUALA LUMPUR: Myanmar has agreed to accept the return of 5,000 Rohingya asylum seekers currently living in Malaysia, Prime Minister Anwar Ibrahim announced, marking a significant development in efforts to address the long-running refugee issue between the two countries. Speaking at a campaign rally ahead of regional elections in Negeri Sembilan, Anwar said the […]