The govt again went beyond its target to borrow through PIBs mounting debt close to Rs1 trillion in one month.
Dar’s statement that the dollar will be kept around Rs98 to support the export industry created panic-like situation.
The current account deficit has risen for the third consecutive quarter (Jan-March) of this fiscal year.
Govt failed to mobilise banks for T-bills auction as the bids it received for the auction were less than the set target.
KARACHI: Foreign investment is still a dream for the country which succeeded to improve its foreign exchange ...
SBP has revealed that there has been a 9pc annualised growth in interest payments on domestic debt during Jul-Jan FY14.
Govt slashes its borrowing from the State Bank by half a trillion rupees signalling the efforts to minimise deficit.
The successful launch of Eurobond by Pakistan, which fetched $2 billion put enormous pressure on the exchange rate.
KARACHI: The currency market continues to vacillate, and the greenback was traded at 15-month low in the inter-bank...
Pakistan initially wanted to raise $500 million through Eurobonds, but the government has reportedly raised $2bn.
Liquidity crunch was visible in the banking system as State Bank on Friday injected over Rs300 billion to support banks.
Most banks face serious connectivity problems that hold customers for hours to draw their money through cheques, ATMs.
The national carrier’s operating loss jumps by 300pc in first quarter of this fiscal year
Higher development expenditure, increase in debt servicing to push up spending
Pakistan can tap another $4bn remittances annually from UAE provided the existing potential is 100pc exploited.
US$ slips back to Rs98 in inter-bank market on Wednesday, currency dealers expecting further decline in coming sessions.
The current account indicates a surplus of $164m in February compared with a deficit of $427m in January.
SBP left its policy rate unchanged at 10 per cent with a warning that the economy was still facing serious challenges.
Finance ministry, SBP intervenes to check volatility & quell speculation after US dollar bounced back slightly on Friday
Govt successfully brought back US$ to Rs98, leaving no doubt that high inflows were responsible for its devaluation.