Seven-month CAD shrinks 16pc; decisive actions are paying off, claims FM.
The data shows that the country received investments worth $1.451bn during the first 7 months of current fiscal year.
State Bank's governor says economic uncertainty in the country has ended.
The aim of this list is to protect the EU financial system by preventing money laundering, terrorist financing risks.
Currency experts say the overseas Pakistanis are sending higher amount to buy properties, meet the cost of living.
PBCs, offer 6.25 per cent profit for its three-year and 6.75pc for five-year certificates.
The commercial banks are reluctant to commit in long-term instruments amid volatile interest rate environment.
“We have been selling dollar at Rs139.50 before the $2 billion inflows which fell to Rs138.20 on Saturday,” says ECAP.
During July-December, the outflow of profits on FDI clocked in at $628.8 million, witnessing a decrease of $426.6m.
“We received $58m on Friday for general housing while another $70m is in pipeline," says PMRC CEO Mudassir H. Khan.
KARACHI: The State Bank of Pakistan (SBP) announced the arrival of another $1 billion deposit from Saudi Arabia on...
A slight change was observed in the open-market following SBP’s agreement with the UAE.
FO says amount "will help Pakistan achieve financial stability and overcome economic challenges".
Non-food inflation seems to have evaded the benefits of low food prices.
Current account deficit slips to $7.98 billion — driven by a fourth quarter decline of 10 per cent.
Overall foreign investment plunges 77pc in first half of FY19
Despite govt willingness to boost housing projects on large scale, financing and borrowing show modest growth.
Overall credit to private sector by all banks during the period jumped by 65pc to Rs503.7bn.
Inflows in December 2018 edged lower by 1.9pc year-on-year to $1,690.18m, from $1,723.57 in the same period of 2017.
Total debts of government rise to Rs26.452tr during 5MFY19.