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Major industrial sectors see spike in FDI
Key industries including textile, chemicals, pharma and electrical machinery see inflows jumping 50-800pc.
Shahid Iqbal
CAD jumps by 196pc in March
The central bank reported that the current account deficit in March was at $822 million compared to $278m in February.
Govt pays $1bn against Eurobonds
The returns offered in 2014 on the five-year bonds were at 7.25 per cent which were considered too high.
Budgetary borrowings up 9pc
The budgetary borrowing rose to Rs876 billion from July to April 5.
Remittances soar to $16.1bn
KARACHI: The country received $16.096 billion in remittances during the first nine months of this fiscal year, ...
Islamic banking profit soars 48pc
Islamic financing kept focus on textile, energy sectors.
Govt announces crackdown as dollars vanish in open market
Dealers say exchange rate hits Rs148 amid shortages.
SBP summons dealers as dollar touches Rs144
“The SBP told us not to charge more than one per cent over the interbank rate,” says a dealer.
Key interest rate hiked as economic slowdown continues
Discount rate up to 10.75pc
State Bank slashes growth forecast, again
Second quarterly report paints picture of slowing economy, rising inflation, persistently high fiscal and external
Rupee retreats against dollar
US dollar reaches Rs140.50 in interbank market; open market trades at Rs141.
Current account deficit shrinks by 59pc in February
SBP reports that CAD came out at $356 million, down from $873m in January.
Noor Investment sells 34.3m shares in Meezan Bank
KARACHI: Noor Financial Investment, a Kuwait-based company, sold 34.3 million shares in Meezan Bank, reducing its...
Remittances soar to $14.4bn
Since the beginning of 2018-19, remittances have been on an upward trajectory.
Private sector borrowing jumps 92pc
The jump in borrowing comes at a time when SBP has raised interest rates to 10.25pc from 5.75pc in January 2018.
Dollar supply to normalise as international flights resume
“Now there is no shortage of dollars since demand is at its lowest level," says the Forex Association of Pakistan.
SBP allows banks to open accounts of Afghan refugees
Move will allow monitoring of business activities of new account holders.
Repatriation of profit dips 33pc in seven months
KARACHI: The repatriation of profit and dividends declined 33 per cent to $918 million during the first seven months...
Current account deficit falls by 47pc in January, exports grow slightly
Seven-month CAD shrinks 16pc; decisive actions are paying off, claims FM.
Foreign investment down 17pc
The data shows that the country received investments worth $1.451bn during the first 7 months of current fiscal year.