Costly wheat, rice, sugar cripple common people’s economy.
During the entire fiscal year, the country experienced a $4b loss in remittances.
Ongoing debt servicing continues to erode central bank’s foreign holdings.
Conventional, Islamic banks witness net debt retirement.
A little over half of them are eligible for Deposit Protection Corporation's protection scheme.
Currency experts suggest that weak inflows could disrupt the temporary stability in exchange rate.
KARACHI: Saudi Arabia has rolled over the $3 billion deposit facility for another year to support the State Bank of...
Court suspends a statutory regulatory order (SRO) in this regard until Dec 8.
Foreign investors remit $485m in 4MFY24.
SBP reports closing price of the dollar at Rs285.64.
Currency dealers say dollar inflows are low this month but banks are trying to keep maximum liquidity with them.
Habib Bank bags 3 awards; Bank Alfalah hangs on to crown of best digital bank for 2nd consecutive year.
Govt’s overall borrowings from scheduled banks swelled by 292pc to Rs3,244.5bn during 4 months.
Inflows during October were the highest so far for the current fiscal year (FY24).
Remittances increase in Oct to $2.5bn but four-month inflows decline by 13.3pc.
Insiders claim banks selling dollars at a premium, impacting small importers; discrepancy comes despite no restrictions on imports, LCs.
SBP Vision 2028 highlights central bank’s vision, mission and key goals to be pursued over the next five years.
Forex reserves declined by $115m to $7.396bn during the week ending on Nov 10.
Govt picks up just Rs1.15tr at auction against maturing debt of Rs2.07tr.
The local currency has weakened by 4pc against the dollar since the start of the declining trend in mid-October.