SBP projects fiscal and current account deficits of 5-6pc and 4-5pc of GDP against the targets of 4.1pc and 2.6pc.
The higher open market rates encourage illegal transaction of remittances through the hundi and hawala system.
Remittances from the Arab countries, which are the largest source of remittances, show no positive signs.
Influx of cheap imports from China leaves adverse impact on the local industry as small and medium-sized enterprises.
Expects economic growth rate in 2017-18 to be 6pc.
Bankers link growing demand for the greenback to fears of an approaching devaluation.
Banks shy away from housing finance because of long-term engagement of funds.
CEO says the bank may file a review petition after getting detailed verdict.
Imports from India growing despite poor diplomatic relations.
The country paid $6.54bn in principal and $1.62bn in interest during the last fiscal year: SBP.
The focus will be on providing financial services for CPEC-related projects
The sudden drop in the rupee’s value on July 5 had taken the federal government by surprise.
First two months see borrowing of Rs115b in 2018, which is only 15pc of the borrowing during the same period of 2016-17.
Remittances from the United Kingdom increased 33.3pc.
Deposits of the Islamic banking industry increased by Rs156 billion or 10pc quarter-on-quarter to Rs1,720bn.
Advances by the top five banks were low mainly because of their huge investment in government papers.
Pre-tax earnings of Rs150.4 billion are 7.3pc less than the profits recorded during the same period a year ago.
Domestic debt servicing reached Rs1,220 billion in FY17, higher by Rs70bn compared to FY16.
Unchecked smuggling of cigarettes has affected local manufacturing.
The revisions will “cater to genuine needs of international travellers”, the SBP says.