ISLAMABAD: The government’s move to import 0.5 million tons of sugar — 300,000 tons through the Trading Corporation of Pakistan (TCP) and 200,000 tons via the private sector — is expected to raise the import bill by $275–280 million. However, it is unlikely to lead to a reduction in local
KARACHI: In a major development to the country’s external account, Pakistan’s total liquid foreign exchange reserves have surged past the $20 billion mark for the first time in three years, driven by strong foreign inflows. According to the weekly report issued by the State Bank of Pakistan (SBP) on Thursday,
KARACHI: Pakistani rupee declined further against the US dollar, depreciating 0.04% in the inter-bank market on Wednesday. At close, the currency settled at 284.47, a loss of Re0.11. On Tuesday, the currency settled at 284.36. Internationally, the US dollar rose for a third day against the yen on Wednesday as
KARACHI: In a historic economic milestone, Pakistan recorded its highest-ever home remittance inflows, exceeding $38 billion during the last fiscal year FY25. This unprecedented surge is credited to robust policy measures and sustained efforts by the federal government and the State Bank of Pakistan (SBP) to channelise remittances through formal
