MPC forecasts inflation to come down in target range of 5-7pc in next two years.
Islamic banking industry’s assets in the quarter ending June grew by 7.3pc rising to Rs2.99 trillion.
The State Bank of Pakistan (SBP) says the decline reflects the usual one-off post Eidul Azha effect.
The auction reflected both government’s need for and banking sector’s willingness to park maximum liquidity.
The president of a commercial bank says the situation will be clear at the end of the first quarter.
Collectively, the fines add up to Rs805 million, and all actions were taken in the month of August.
Financial stability report for CY2018 issued nine months after year has ended.
Outflow of profits and dividends did not show any significant change in the first month of this fiscal year.
Between January and July, rupee deposits of banks increased by Rs690bn to Rs13.747 trillion, according to SBP data.
The total investment fell to $107.2 million during July.
This was in line with the downward trend witnessed throughout 2018-19 when the deficit stood lower by 31pc.
Currency dealers said the dollar buying has drastically dropped these days due to strict documentation.
The State Bank of Pakistan’s latest data shows the government borrowed Rs1.367 trillion from July 1 to Aug 2.
The demand for the dollar was extremely low both in open and interbank markets, say bankers and dealers.
The highest contributor to the non-food inflation in June was rising gas prices.
KARACHI: The outflow of profits and dividends during the last fiscal year declined by 21.34 per cent compared to...
The tenure of repayment on financing for development loans in crop and non-crop sectors has been doubled.
Banks also told to ensure the availability of foreign currencies to sell to the public.
SBP hints end of monetary tightening, exchange rate also in balance.
“These trends have yet again exposed Pakistan’s structural deficiencies," says SBP.