SBP releases Annual Report on The State of Pakistan’s Economy
The State Bank of Pakistan released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2021-22. According to the report, Pakistan’s economy achieved a real…
Import ban not to apply on imports where BL/LC established before May 19
KARACHI: The Ministry of Commerce has clarified that the restrictions under SRO 598(I)/2022 will not apply to imports, where Bill of Lading (B/L) or irrevocable Letter of Credit (L/C) was…
Some respite for Pakistan’s current account deficit
KARACHI: Pakistan’s current account deficit (CAD) shrank by 4.57 percent or $232 million in the first four months of the current fiscal year (July-October) as trade deficit narrowed and remittance…