Wednesday , July 22 2026

Business

SBP clears $3.45 Bn UAE safedeposits

BeNewz Report ISLAMABAD: The State Bank of Pakistan (SBP) has completed the repayment of a total of $3.45 billion in deposits to the United Arab Emirates, marking a significant development in the country’s external debt obligations and liquidity management. According to official sources, the central bank repaid $1 billion to …

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SBP credited $1 bn from Saudi Arabia

BeNewz Report KARACHI: Pakistan has received a significant financial boost as the State Bank of Pakistan confirmed that the second tranche of $1 billion out of a $3 billion deposit from Saudi Arabia has been credited to the country’s deposits. Earlier, the first tranche of $2 billion was received on …

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Senior custom officers suspended in silver scam

–FBR names eight suspended officers in expanding silver swap case as criminal investigation proceeds under FIR filed earlier this month Aftab Maken ISLAMABAD: Federal Board of Revenue (FBR) on Sunday late night named eight customs officers suspended after fresh findings in a high-profile silver swap investigation pointed to direct involvement, …

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Pakistan pays UAE $2bn deposit repayment

–Pakistan repays $2bn to UAE, managing external obligations without major hit to forex reserves Aftab Maken KARACHI: Pakistan has repaid $2 billion to the United Arab Emirates, fulfilling a key external obligation while maintaining relative stability in its foreign exchange reserves, according to the State Bank of Pakistan. The central …

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SPI drops 0.69% on fuel, food fall

—Weekly inflation eases as fuel and key food prices decline, though annual inflation remains elevated at over 12%. Aftab Maken ISLAMABAD: The Sensitive Price Indicator (SPI) fell 0.69% week-on-week for the period ended April 16, 2026, reflecting a broad decline in fuel and essential food prices, according to data released …

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Aurangzeb leaves for IMF, World Bank meetings

–FM departed for the United States to attend IMF and World Bank Spring Meetings, aiming to advance Pakistan’s reform agenda and secure investor confidence Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb left for the United States to participate in the annual Spring Meetings of the International Monetary Fund and the …

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Fuel backlash puts Aurangzeb under pressure

Aftab Maken ISLAMABAD: Pakistan’s abrupt fuel price hike and rapid reversal have intensified political pressure on Finance Minister Muhammad Aurangzeb, with speculation growing over his future amid fiscal strain and public anger. Pakistan’s government faced mounting political heat after a record fuel price hike triggered widespread backlash and forced a …

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Weekly inflation spikes 1.01%

BeNewz Report ISLAMABAD: The Sensitive Price Indicator (SPI), which tracks the prices of 51 essential commodities across 50 markets in 17 major cities of the country, rose by 1.01 percent during the week ended on April 02, 2026. According to the latest data released by the Pakistan Bureau of Statistics …

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GDP growth revised down as sectors weaken

–GDP growth for Q1 FY26 was revised down while key sectors showed weakening momentum despite a modest pickup in Q2 Aftab Maken ISLAMABAD: An economic growth outlook showed emerging weaknesses as the National Accounts Committee revised down first-quarter expansion and reported only moderate gains in the second quarter of FY2025-26. …

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Trade deficit widens 24% in Jul–Mar

–Trade deficit surged 24% in the first nine months of FY26 as imports rose and exports declined, official data showed BeNewz Report ISLAMABAD: The trade deficit expanded sharply during July–March FY2025-26, reflecting pressure on external accounts despite a monthly improvement in March, according to data released by the Pakistan Bureau …

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