Govt raises Rs274.7bn from T-bill auction
The prevailing high interest rate of 13.25pc has created serious problems for domestic investors.
Shahid Iqbal
Six-month remittances rise to $11.4bn
Remittances edge up 3.3 per cent during the first half of 2019-20 as compared to $11.03bn in the same period last year.
Bank Alfalah wins Best Bank Award for 2019
Bank Alfalah also won the Best Consumer Franchise Award for 2019.
4pc growth target to be missed: SBP
Bank estimates that the current account deficit will remain low during the ongoing fiscal year.
Govt borrows Rs1.1tr from banks in six months
Borrowings in single week of December witnessed a jump of 55pc.
Rupee suffers hard against all major currencies
The biggest appreciation seen in the British pound which gained over 15 per cent.
Investment in T-bills jumps to $1.41bn
Inflows in local debt papers support, to some extent, the government’s claim that investment environment has improved.
Private sector borrowing falls 71pc
SBP data shows private sector borrowed Rs88.1bn during July-Nov FY20 compared to Rs394.8bn last fiscal year.
Current account deficit returns in November
Posts 73pc drop from same month last year.
Foreign investment jumps 78pc on telecom inflows
SBP data shows the country received $850 million in FDI during the July-November period.
Pakistan’s progress against money laundering acknowledged: Baqir
FATF grey listing has been one of the most important concerns for the country. says SBP governor.
Remittances jump 9.35pc in November
Inflows inched up by only 0.18pc during 5MFY20.
Rupee climbs to five-month high vs dollar
Currency dealers foresee rupee to rise further in coming months.
Currency dealers slam SBP remittance initiative
The dealers say the grey market has already taken more than 50 per cent of their business.
Profits outflow up 10pc
SBP data shows total profit and dividend outflow rose to $548 million compared to $497m in the same period last year.
Foreign inflows in T-bills cross $1bn
The latest data issued by SBP shows the country received $1.097bn investment in T-bills from July 1 to November 19.
Discount rate left unchanged at 13.25pc
State Bank warns inflation could rise beyond the target set for the current fiscal year.
Current account rises into surplus
Four years of deficits end in October.
Foreign debt servicing surges past $3bn in July-September
SBP data says external debts and liabilities' percentage with respect to GDP has significantly declined.
Treasury bills attract record foreign investment of $713m
Recent SBP data indicates investment in government-backed securities has become attractive for foreigners.