Inflow of dollars and declining foreign exchange reserves- what is happening?
According to the SBP's report, net reserves with SBP declined by $176 million, clocking in at $8.62 billion as of September 9, 2022.
HBL raises staff service age to 65 years
HBL has announced raising the staff service age from 60 years to 65 years.
Petroleum imports increased by 30pc in August-AHL
According to Arif Habib Limited, petroleum imports increased by 30 percent on month-on-month basis to USD 1.9bn during August 2022
Rising inflation and the role of IMF
IMF is considering to allow all member countries to borrow up to an additional 50 percent of their IMF quota under the RFI.
SPI-based inflation witnesses a decline
Inflation based on the Sensitive Price Index (SPI) has finally registered a slight fall of 0.58 percent during the week ended September 8.
Rupee continues to fall against the US dollar
For the sixth consecutive session Pakistani rupee continued to fall against the US dollar, settling with a 1.21% depreciation on Friday.
Increasing economic losses caused by the flash floods
The economic losses and damages caused by the flash floods could range between $15 billion and $20 billion.
Oil prices rose on fears of tight fuel supply
Oil prices rose by as much as $1 per barrel on Thursday after dropping below key technical support levels in the previous session.
Pay more in return for less!
Finance Minister Miftah Ismail has ruled out the possibility of zero load-shedding in the country in the near future.
Rupee continues to depreciate despite the revival of IMF loan programme
Pakistan's rupee continued to sustain losses against the USD for the fourth successive session despite the revival of IMF loan programme.
Pakistan is not only drowning in floods!
Either flash floods or flash debts, Pakistan is drowning. According to Arif Habib Limited, government debt soared to Rs.50.5trn as of July 22.
Hopes from Qatar going in vain
Political instability, inconsistent policies, as well as government changes, make Qataris uneasy about working entirely with the government.