Pakistan has planned to import 200,000 tonnes of urea to mitigate the impact of any possible shortage during peak Kharif demand amid the anticipated global supply disruptions due to the Ukraine crisis. Source:Dawnnews
Category Archives: Uncategorized
US reluctant to revive talks on Bilateral Investment Treaty
Pakistan and United States on Tuesday agreed to reinvigorate and revitalise trade and business cooperation, but Washington did not show any interest to revive talks on the Bilateral Investment Treaty (BIT). Source:Dawnnews
SBP keeps policy rate unchanged
The State Bank of Pakistan (SBP) kept the benchmark interest rate unchanged at 9.75 per cent on Tuesday. Source:Brecorder
IMF should have no concerns on relief package, says Tarin
Federal Minister for Finance & Revenue Shaukat Tarin on Wednesday said that the International Monetary Fund (IMF) should not have concerns about the fuel and electricity subsidy package announced by the government last month, as it will not add to the fiscal deficit of the country. Source: Brecorder
SBP governor confident economy can withstand Ukraine war
Pakistan’s central bank feels the economy has what it takes to withstand pressures stemming from the Russia-Ukraine crisis, Governor Dr Reza Baqir said, placing confidence in its ability to also deal with the evolving situation by keeping room for another monetary policy committee meeting ahead of time. Source:Brecorder
Pak rupee drops to new low against US dollar
The Pakistani rupee continued its downward trajectory, as it settled on another record low against the US dollar, depreciating 0.01% in the inter-bank market on Wednesday. Source:Brecorder