The govt has recently increased the treasury bill rates to 15.99pc for all tenors ranging from three to 12 months.
KARACHI: The current account deficit decreased by $512 million on a monthly basis to $703m in August, which shows a...
KARACHI: The State Bank of Pakistan on Wednesday reported the US dollar’s closing price in the interbank market at...
Dollar closed at Rs238.9 on Tuesday; govt has so far been unable to arrange dollars’ inflows to improve foreign exchange reserves.
SBP has amended regulations facilitate banks to enhance the flow of credits to the farm and non-farm sectors.
Sharp rupee devaluation is hampering trade with neighbours in local currencies.
“The average banks’ buying per week was around $2-4 million, which has now gone up to $12m on average,” says Ecap chairman.
While Pakistan has been advised to seek climate-based reparations, experts say there is no mechanism to do so at the moment.
The country needs much higher inflows of remittances in the current fiscal year as flash floods have devastated agriculture.
Currency experts fear drop in remittances
Currency market in a state of flux as dollar surges to 228.19...
The govt has been borrowing at a very high rate from banks during FY23.
Rate gap between interbank and open market widens...
Reach $8.86bn with the inclusion of $1.16bn from the IMF.
KARACHI: The rupee appreciated slightly against the US dollar on Tuesday following the approval of a $1.1 billion...
Outflow from T-bills in August was $0.92m.
The FDI in July fell by 43.3pc to $58.9m compared to $103.8m in the same month last year.
Specific targets of Rs140bn for production loans of wheat crop, Rs45bn for tractor financing set under budget for FY23, SBP says.
SBP reserves drop $87m to $7.8bn.
KARACHI: Pakistan’s current account deficit (CAD) shrank 45 per cent month-on-month to $1.2 billion in July, the...