Foreign currency deposits rose by $18.09m to $6.779 billion in June 2026 compared to the previous month, the latest data released by the State Bank of Pakistan showed. On a year-on-year basis, total deposits declined by $208.69m or 2.99% compared to $6.988bn in June 2025. According to the data, foreign currency deposits by residents stood at $5.759bn during the month under review, representi
Foreign currency deposits rose by $18.09m to $6.779 billion in June 2026 compared to the previous month, the latest data released by the State Bank of Pakistan showed. On a year-on-year basis, total deposits declined by $208.69m or 2.99% compared to $6.988bn in June 2025. According to the data, foreign currency deposits by residents stood at $5.759bn during the month under review, representi
Pakistan and Vietnam are expected to sign a bilateral Preferential Trade Agreement (PTA) in the near future, a move aimed at strengthening trade liberalization and expanding economic cooperation between the two countries. Speaking to APP on Monday during a dinner hosted in honor of senior journalists, Vietnam's Ambassador to Pakistan, Pham Anh Tuan, said negotiations on the proposed agreement h
Stocks swung between gains and losses and oil hit a one-month high in early Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz. In a volatile start to the session, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, led by a 2.2%
Car sales in Pakistan rose 39% during FY2025-26, driven by stronger consumer purchasing power, improved auto financing by banks, and a wider range of variants introduced by car assemblers. Car sales surged by 39% to 155,631 units, sales of jeeps and pickups increased by 41% to 50,814 units, sales of trucks and buses rose by 67% to 7,439 units and sales of rickshaws rose by 25% to 985 units, res