All news from the Business category for the 23 January 2023

Business |2023-01-23 16:25:01

SBP increases policy rate to 17pc

State Bank of Pakistan (SBP) Governor Jameel Ahmad announced on Monday that the Monetary Policy Committee (MPC) had decided to increase the interest rate by one per cent to 17pc.He made the......

Business |2023-01-23 14:45:00

In a bid to ease crisis, SBP advises banks to ‘provide one-time facilitation’ to importers

In an attempt to ease the ongoing import crisis, the State Bank of Pakistan (SBP) on Monday removed the requirement of obtaining prior approval for imports falling under HS code chapters 84 and 85......

Business |2023-01-23 10:35:07

Oil prices retreat in thin trade, but China outlook offers support

Oil prices drifted lower in early trade on Monday, thinned by the Lunar New Year holiday in east Asia, but held on to most of last week’s gains on the prospect of an economic recovery in top oil......