Foreign investment jumps 24pc in August
Month-on-month, the FDI edged lower by $2m or 1.75pc from July’s figure of $114.3m.
Shahid Iqbal
Remittances up 31pc in July-August
24.4pc jump from August last year, but 24pc fall from July.
Banks told to protect digital accounts
Banks will ensure that Data Security and Privacy Assurance Statements are displayed appropriately, says SBP.
Rupee recovers Rs1.2 against dollar
Bankers say the dollar has been on a downward trajectory due to increase in supply by the exporters.
Debt servicing soars to $11.8bn in FY20
The amount was 23 per cent higher than $9.645bn paid in 2018-19.
Current account posts $424m surplus in July
“Strong turnaround is due to continued recovery in exports and record high remittances,” says SBP.
Pakistan received record $2.7bn remittances in July: SBP
PM welcomes "good news" for economy.
Currency dealers deposit $290m in July
Inflow of dollars has improved after the declining number of new cases in the country.
87pc overseas workers went to KSA, UAE in 2019
Persistently low oil income of Saudi Arabia and shocks to the UAE economy have put jobs of overseas Pakistanis at risk.
Growth target ‘challenging’, deficit to be 9pc of GDP in FY20: SBP
Fuel price hike to drive inflation, though not beyond forecast range.
CAD shrinks 78pc in 2019-20
Fall in imports helped govt narrow trade deficit — major driver behind large current account deficit booked in FY18 and FY19.
Dollar surges against rupee
Currency dealers in the interbank market say the dollar traded as high as Rs168.70, closed at Rs168.30.
Public demand for dollar falls to historic low
Rupee continues to remain under pressure despite Pakistan receiving record $23 billion remittances in FY20.
Foreign direct investment jumps by 45pc in June
Inflows in entire FY20 witness 88pc increase.
SBP decrees banks to increase housing loans
Central bank says mortgage loans were made mandatory under the Section 25 of Banking Companies Ordinance, 1962.
FY20 remittances soar to record $23bn
June sees 51pc increase; major chunk of the workers’ remittances were from Saudi Arabia at $619.4 million.
Rising food prices behind inflationary pressures: SBP
Weighted contribution of food group in the overall urban CPI inflation increased to 52.2pc during May from 48.3pc in April.
As interest rates rose in FY20, money poured into govt securities: SBP data
Bank investments jumped 40pc as advances crept up by 1.2pc.
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.