State Bank holds policy rate steady at 13.25pc
MPC forecasts inflation to come down in target range of 5-7pc in next two years.
Shahid Iqbal
Islamic banks’ market share rises to 14.4pc
Islamic banking industry’s assets in the quarter ending June grew by 7.3pc rising to Rs2.99 trillion.
Remittances decline 8pc in July-August
The State Bank of Pakistan (SBP) says the decline reflects the usual one-off post Eidul Azha effect.
Govt rakes up Rs467.4bn from T-bill auction
The auction reflected both government’s need for and banking sector’s willingness to park maximum liquidity.
Private sector borrowing falls sharply
The president of a commercial bank says the situation will be clear at the end of the first quarter.
Banks fined for various violations
Collectively, the fines add up to Rs805 million, and all actions were taken in the month of August.
SBP discovers stabilisation may slow growth
Financial stability report for CY2018 issued nine months after year has ended.
Profit repatriation inches up in July
Outflow of profits and dividends did not show any significant change in the first month of this fiscal year.
Banks attract Rs690bn in fresh deposits
Between January and July, rupee deposits of banks increased by Rs690bn to Rs13.747 trillion, according to SBP data.
Foreign investment down 22pc
The total investment fell to $107.2 million during July.
Current account deficit contracts 73pc in July
This was in line with the downward trend witnessed throughout 2018-19 when the deficit stood lower by 31pc.
Tough measures hampering dollar buying
Currency dealers said the dollar buying has drastically dropped these days due to strict documentation.
Govt lifts all bank liquidity as private credit offtake goes negative
The State Bank of Pakistan’s latest data shows the government borrowed Rs1.367 trillion from July 1 to Aug 2.
Dollar price rises amid fall in demand
The demand for the dollar was extremely low both in open and interbank markets, say bankers and dealers.
Construction, utilities’ prices push inflation up
The highest contributor to the non-food inflation in June was rising gas prices.
Profit outflow falls 21pc
KARACHI: The outflow of profits and dividends during the last fiscal year declined by 21.34 per cent compared to...
Tenure for farm financing enhanced to 10 years
The tenure of repayment on financing for development loans in crop and non-crop sectors has been doubled.
Banks allowed to do foreign currency business with public
Banks also told to ensure the availability of foreign currencies to sell to the public.
Interest rate hiked to 13.25pc, highest in eight years
SBP hints end of monetary tightening, exchange rate also in balance.
GDP growth shrinks as twin deficits dampen output: SBP
“These trends have yet again exposed Pakistan’s structural deficiencies," says SBP.