Stories for: Shahid Iqbal

Govt borrows Rs1 trillion in a month

The govt again went beyond its target to borrow through PIBs mounting debt close to Rs1 trillion in one month.

Dar’s statement helps dollar gain 1pc

Dar’s statement that the dollar will be kept around Rs98 to support the export industry created panic-like situation.

C/A deficit rises to $2bn

The current account deficit has risen for the third consecutive quarter (Jan-March) of this fiscal year.

Treasury bills losing attraction

Govt failed to mobilise banks for T-bills auction as the bids it received for the auction were less than the set target.

Higher foreign investment remains a dream

KARACHI: Foreign investment is still a dream for the country which succeeded to improve its foreign exchange ...

Interest payments on domestic debt grow

SBP has revealed that there has been a 9pc annualised growth in interest payments on domestic debt during Jul-Jan FY14.

Govt borrowing from State Bank falls by Rs500bn

Govt slashes its borrowing from the State Bank by half a trillion rupees signalling the efforts to minimise deficit.

Rupee makes fresh gains against dollar

The successful launch of Eurobond by Pakistan, which fetched $2 billion put enormous pressure on the exchange rate.

Eurobond launch depresses dollar

KARACHI: The currency market continues to vacillate, and the greenback was traded at 15-month low in the inter-bank...

Eurobond euphoria ripples across financial sector

Pakistan initially wanted to raise $500 million through Eurobonds, but the government has reportedly raised $2bn.

Rs308bn injected into banking system

Liquidity crunch was visible in the banking system as State Bank on Friday injected over Rs300 billion to support banks.

ATMs torment customers

Most banks face serious connectivity problems that hold customers for hours to draw their money through cheques, ATMs.

PSM, PIA, Railways still bleeding: SBP

The national carrier’s operating loss jumps by 300pc in first quarter of this fiscal year

SBP warns of increase in fiscal deficit

Higher development expenditure, increase in debt servicing to push up spending

Remittances from UAE can be doubled

Pakistan can tap another $4bn remittances annually from UAE provided the existing potential is 100pc exploited.

Dollar slips further amid SBP intervention

US$ slips back to Rs98 in inter-bank market on Wednesday, currency dealers expecting further decline in coming sessions.

$164m current account surplus in February

The current account indicates a surplus of $164m in February compared with a deficit of $427m in January.

Economy faces serious challenges: SBP

SBP left its policy rate unchanged at 10 per cent with a warning that the economy was still facing serious challenges.

Govt intervenes to check volatility

Finance ministry, SBP intervenes to check volatility & quell speculation after US dollar bounced back slightly on Friday

Dar’s ‘dollar dream’ comes true

Govt successfully brought back US$ to Rs98, leaving no doubt that high inflows were responsible for its devaluation.


Relief for terror victims

Learning curve

Nuclear normalcy

Train to Pakistan: 2014


ISI and media infighting

MQM in government again

Men planning families

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