As interest rates rose in FY20, money poured into govt securities: SBP data
Bank investments jumped 40pc as advances crept up by 1.2pc.
Shahid Iqbal
Foreign investors buy T-bills worth $51m in June
Foreign investment in the country’s T-bills peaked in March before Covid-19 shock caused abrupt outflows.
Rupee edges up Rs1.17 vs dollar
Currency dealers say it's shocking that the dollar depreciated by Rs1.17 in a single session.
‘Fuel price hike to hit inflation outlook’
Financial market players believe massive fuel price hike could well upset forecast of “continued moderation” in inflation.
Interest rate cut by 100 basis points to 7pc
KARACHI: The State Bank of Pakistan has slashed the interest rate by 100 basis points to 7 per cent in an effort to...
Current account posts $13m surplus
During July-May, the deficit fell by 73.6 per cent compared to $12.453bn in the same period last fiscal year.
Dollar gains Rs1.07 in interbank
Dollar has gained Rs4.55 or 2.8pc during June, senior banker says sharp decline in exports "major reason" behind appreciation of dollar.
FDI falls for third consecutive month in May
Cumulative inflows in the 11 months of current fiscal year still show increase of over 90.6 per cent compared to the last fiscal year.
BUDGET 2020-21: Sindh reduces ADP to Rs232.9bn
85pc allotted to ongiong schemes, remaining to new ones.
SBP profits to drive non-tax revenues in FY21
This massive increase boosted the non-tax revenue collection and came out to be the single largest source.
‘Higher interest rate slowed down the economy’
“While domestic production and retail trade were adversely affected by the stabilisation efforts, they received a major blow when the businesses were shut amid lockdown to control the Covid-19.”
Covid-19 to worsen global inequality, says Baqir
“Lockdown is a luxury for rich countries which economies like Pakistan can not sustain,” says SBP governor.
Pakistan saw highest inflation in the world during 2020: SBP
With the emergence of coronavirus, however, the entire economic scenario has turned upside down.
Policy focus now on growth, says SBP governor
SBP governor says “Pakistan witnessed unprecedented current account deficit” in 2018 and since then significant improvement has been seen.
FDI surges 127pc in July-April
KARACHI: The net foreign direct investment (FDI) to Pakistan surged by 127 per cent to $2.281 billion during the...
Dollar gains Rs2.2 in two days
KARACHI: The dollar gained Rs1.12 on Friday against the rupee to close at Rs163.1 in the interbank.
After staying...
Exporters expect fresh orders
Many companies in Pakistan have orders on hold and are waiting for green signals to go ahead.
Remittances fall in Ramazan
Ramazan traditionally has been a month for higher remittances but the coronavirus has reduced the inflows.
Current account deficit jumps to $572m in April as exports fall
The county is likely to face a total current account deficit of around $5bn by the end of this fiscal year.
FDI plunges 52pc in April
Jumps 33pc year-on-year