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Banks allowed to do foreign currency business with public
Banks also told to ensure the availability of foreign currencies to sell to the public.
Shahid Iqbal
Interest rate hiked to 13.25pc, highest in eight years
SBP hints end of monetary tightening, exchange rate also in balance.
GDP growth shrinks as twin deficits dampen output: SBP
“These trends have yet again exposed Pakistan’s structural deficiencies," says SBP.
SBP report shines light on food insecurity
Alarmingly, of the 36.9pc "food insecure" households in the country, 18.3pc face "severe" food insecurity.
Remittances rise 9pc to $21.48bn
Inflows from the United States grew noticeably by 20.15pc to $3.409bn compared to FY19.
Regulatory duties on imports, exchange restrictions to go
Rs7.7tr stock of government debt held by SBP to be converted into tradable securities with market returns.
Loss-making state enterprises borrow record Rs330bn
The total public sector enterprises (PSEs) borrowing reached Rs1.068 trillion by the end of FY18.
Private sector borrowing dips in FY19
The government borrowing from the SBP increased by record highs during the period under review.
Rupee gains 3pc against dollar in interbank market
Gold prices also retreat by Rs1,900 in contrast to rising trend on the international market
Runaway dollar confounds money market
The rupee loses 3.8pc against the dollar in a single day.
Repatriation of profit dips 25pc
The State Bank of Pakistan on Tuesday reported that the outflow profits during July-May clocked in at $1.673 billion.
Borrowing from SBP doubles to Rs2.7tr
The disappointing revenue collection during the fiscal year forced the government to borrow heavily from the SBP.
Doubts surround exchange rate stability
KARACHI: Exchange rate remained relatively steady during the week ending on Friday but analysts fear the stability...
FDI plunges 49pc in July-May
The total FDI fell to $1.606 billion during the July-May period of the outgoing fiscal year.
Economy showing signs of recovery: SBP
Obligations required for deal with IMF complete, says Reza
32pc hike expected in federal transfers
According to the budget document, the federal transfer for FY20 is expected at Rs835.3bn compared to Rs665bn.
Dollar hits Rs158 in new high
Increase in dollar rate raise the price of gold to Rs75,900 per tola.
Rupee plunges to new low in interbank
“If [the rupee’s slide] is not stopped, the dollar may hit Rs180 in just a few weeks,” says senior banker.
Rupee falls sharply against dollar in interbank on budget eve
KARACHI: After relative calm in the currency market during the last few weeks, the dollar gained Rs2 against the...
High interest rates choke off business borrowing
KARACHI: The private sector is becoming increasingly averse to bank borrowing with successive interest rate hikes, a...