Dear reader, online ads enable us to deliver the journalism you value. Please support us by taking a moment to
Current account deficit falls by 47pc in January, exports grow slightly
Seven-month CAD shrinks 16pc; decisive actions are paying off, claims FM.
Shahid Iqbal
Foreign investment down 17pc
The data shows that the country received investments worth $1.451bn during the first 7 months of current fiscal year.
Pakistan has come out of financial crisis: SBP governor
State Bank's governor says economic uncertainty in the country has ended.
Pakistan yet again on EU’s list of weak AML/CFT countries
The aim of this list is to protect the EU financial system by preventing money laundering, terrorist financing risks.
Remittances maintain momentum
Currency experts say the overseas Pakistanis are sending higher amount to buy properties, meet the cost of living.
Banks asked to promote Pakistan Banao Certificates
PBCs, offer 6.25 per cent profit for its three-year and 6.75pc for five-year certificates.
Banks on a lending spree as investment options shrink
The commercial banks are reluctant to commit in long-term instruments amid volatile interest rate environment.
Rupee edges up in open market
“We have been selling dollar at Rs139.50 before the $2 billion inflows which fell to Rs138.20 on Saturday,” says ECAP.
Profit repatriation plunges 40pc
During July-December, the outflow of profits on FDI clocked in at $628.8 million, witnessing a decrease of $426.6m.
WB gives $58m for low-cost housing
“We received $58m on Friday for general housing while another $70m is in pipeline," says PMRC CEO Mudassir H. Khan.
SBP gets final tranche of $1bn from S. Arabia
KARACHI: The State Bank of Pakistan (SBP) announced the arrival of another $1 billion deposit from Saudi Arabia on...
State Bank receives $1bn from UAE
A slight change was observed in the open-market following SBP’s agreement with the UAE.
Agreement signed for $3bn deposit from Abu Dhabi
FO says amount "will help Pakistan achieve financial stability and overcome economic challenges".
Non-food group contributes 93pc to inflation
Non-food inflation seems to have evaded the benefits of low food prices.
Current account deficit shrinks by 4.4pc
Current account deficit slips to $7.98 billion — driven by a fourth quarter decline of 10 per cent.
Foreign direct investment jumps 17pc in December
Overall foreign investment plunges 77pc in first half of FY19
Housing finance remains flat
Despite govt willingness to boost housing projects on large scale, financing and borrowing show modest growth.
Credit by Islamic banks soars 190pc
Overall credit to private sector by all banks during the period jumped by 65pc to Rs503.7bn.
Remittances jump 10pc in six months
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.
Govt borrows Rs2.24tr in five months
Total debts of government rise to Rs26.452tr during 5MFY19.