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C/A deficit down 4.5pc in July-Oct
SBP report shows the country has a current account deficit of $4.840 billion during July-October period of 2018-19.
Shahid Iqbal
Foreign investment plunges 46pc
FDI inflows during July-October 2018-19 were limited to just $600.7 million against $1,119.9m last year.
Rupee falls amid IMF talks
KARACHI: The dollar gained over one per cent against the local currency in interbank market during the week ended on...
Meezan Bank gets Best Banking Award for 2018
Dubai Islamic Bank chosen as Best Emerging Bank in Pakistan for 2018.
Around 10 banks block international payments on debit and credit cards
According to a website, data of over 8,000 account holders of about 10 Pakistani banks was sold in a market of hackers.
Exports to regional states rise 5pc
KARACHI: Pakistan’s exports to the region – Afghanistan, Bangladesh, China, Iran, India and Sri Lanka – during...
State Bank profit dips 26pc
Decline is primarily attributed to an exchange loss of Rs72.3bn in financial year 2018.
Cyber attack costs BankIslami Rs2.6m
Bank claims amount has been restored to affected accounts.
Rupee gains 1.5pc against dollar as country secures Saudi funds
“The dollar was traded as low as Rs131.80 in the interbank while it closed at Rs132,” says a currency dealer.
Current account deficit down 2.5pc in July-Sept
Impact of government policies to reduce deficit is yet to appear in balance sheet.
Macro imbalances emerged as growth picked up: SBP
Growth in FY18 reversed as expenditure shifted from investment to consumption.
Sharp rise in bank borrowings
Both private and public sectors have aggressively been borrowing from commercial banks from outset of this fiscal year.
Dollar slips in interbank and open market
Scenario is a repeat of events of July when SBP allowed rupee to fall by 5pc to settle at Rs128.50
Devaluation: The day after — dollar steadies in interbank, falls in open market
Open market sees volatility as currency dealers sell dollars as high as Rs137.
Rupee sees record plunge as turmoil grips markets
Dollar rises to Rs137 in open market, Rs133 in interbank.
Rupee slides in open market
Currency dealers believe market movements due to PM's remarks about approaching IMF for bailout.
Current exchange rate presents true value of rupee, say dealers
Experts, bankers suggest there was no need for govt to further devalue rupee.
Private sector borrows Rs49.21bn in first quarter
SBP says that it is encouraging that the flow of advances to private sector has continued to surge.
Interest rate hiked amid warnings of inflation, deficits
SBP points at rising oil prices, rising inflation, global developments as reasons behind oil price shock.
State Bank sees financial risks in ‘next six months’
SBP says increasing inflation and volatile commodity markets are a threat to financial stability in the next six months.