Banks also told to ensure the availability of foreign currencies to sell to the public.
SBP hints end of monetary tightening, exchange rate also in balance.
“These trends have yet again exposed Pakistan’s structural deficiencies," says SBP.
Alarmingly, of the 36.9pc "food insecure" households in the country, 18.3pc face "severe" food insecurity.
Inflows from the United States grew noticeably by 20.15pc to $3.409bn compared to FY19.
Rs7.7tr stock of government debt held by SBP to be converted into tradable securities with market returns.
The total public sector enterprises (PSEs) borrowing reached Rs1.068 trillion by the end of FY18.
The government borrowing from the SBP increased by record highs during the period under review.
Gold prices also retreat by Rs1,900 in contrast to rising trend on the international market
The rupee loses 3.8pc against the dollar in a single day.
The State Bank of Pakistan on Tuesday reported that the outflow profits during July-May clocked in at $1.673 billion.
The disappointing revenue collection during the fiscal year forced the government to borrow heavily from the SBP.
KARACHI: Exchange rate remained relatively steady during the week ending on Friday but analysts fear the stability...
The total FDI fell to $1.606 billion during the July-May period of the outgoing fiscal year.
Obligations required for deal with IMF complete, says Reza
According to the budget document, the federal transfer for FY20 is expected at Rs835.3bn compared to Rs665bn.
Increase in dollar rate raise the price of gold to Rs75,900 per tola.
“If [the rupee’s slide] is not stopped, the dollar may hit Rs180 in just a few weeks,” says senior banker.
KARACHI: After relative calm in the currency market during the last few weeks, the dollar gained Rs2 against the...
KARACHI: The private sector is becoming increasingly averse to bank borrowing with successive interest rate hikes, a...