Shahid Iqbal

FDI plummets by 80pc in July

The State Bank reported that the FDI fell to just $24 million in July from $119m in the same month last year.

Reserves shrink as SBP repays debt

The SBP reserves are expected to fall further as the bank paid about $147m to the International Monetary Fund (IMF).

Uncertainty puts rupee under pressure

The currency dealers argued that this was due to large payment of $147 million to IMF and about $100m for oil import.

Savings, investment fall in FY14

Banks investing over 80pc deposits into the government papers, while depositors were facing continuous high inflation.

System failures punish depositors

KARACHI: Ill-equipped bank branches are still struggling to provide uninterrupted satisfactory level of service to...