Pakistan's foreign exchange reserves held by the central bank decreased $1.321 billion during the week ended April 10, 2026 as the country repaid $1.426 billion to investors following maturity of Eurobonds in the international market. According to data released by the State Bank of Pakistan (SBP) on Thursday, Pakistan's total liquid foreign currency reserves reached…
Gold prices declined after a three-day upward trend in both global and domestic markets on Friday. In the international bullion market, the price of gold fell by $33 per ounce, bringing it down to $4,792 per ounce. Following global trends, local bullion markets also recorded a decline, with the price of 24-carat gold per tola…
ISLAMABAD: Prime Minister Shehbaz Sharif has directed a relaxation in the honorarium policy to enable him and the President of Pakistan to grant as many performance honoraria as they deem appropriate to employees of the two highest offices of the country due to their “unique nature of work”. The instructions have been issued in the…
Says Pakistan ready for inaugural Panda Bond alongside exploring other financing avenues ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb appeared on “Mornings with Maria” on the Fox Business Network during the IMF-World Bank Spring Meetings 2026, where he highlighted Pakistan’s economic outlook and its role in diplomatic efforts in the region. Responding to a query,…
Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file KARACHI: Pakistan posted a staggering current account surplus of $1.07 billion in March 2026, down from $1.28 billion a year ago, but sharply higher than…
The three Japanese carmakers lacked innovation and competitiveness, despite the incentives offered to them in the previous policies, said government officials as they announced the auto policy. PHOTO: FILE KARACHI: Pakistan’s upcoming auto policy for 2026-31 is facing growing criticism from industry stakeholders over an unusual lack of transparency, with key players claiming they remain…
Port Qasim. PHOTO: EXPRESS KARACHI: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the establishment of a modern small industrial estate at Port Qasim spanning approximately 400 acres, according to a statement issued on Thursday. Speaking during his visit to the Karachi Chamber of Commerce and Industry (KCCI), the minister said the…
KARACHI: The rally continued at the Pakistan Stock Exchange (PSX) on Thursday, where bulls drove the benchmark KSE-100 index sharply higher in early trading before gains were trimmed by the close. Within minutes of the opening bell, the index surged 2,306 points, or 1.27%, reaching intra-day high of 170,899. Investor sentiment remained upbeat, aided by…
Minister warns against hydrocarbon dependence as British envoy praises peace efforts Minister for Petroleum and Natural Resources Ali Pervaiz Malik speaks during an interview with Reuters, during the Pakistan Minerals Investment Forum 2025, in Islamabad, Pakistan April 8, 2025. Photo: Reuters ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik and British High Commissioner Jane Marriott…
National Assembly. PHOTO: RADIO PAKISTAN ISLAMABAD: The National Assembly Standing Committee on Finance on Thursday approved a bill to give state land on lease free of cost to private developers for the development of special economic zones (SEZs) and barred courts from taking cognisance of commercial legal disputes related to these zones. The committee approved…