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Current account deficit jumps 177pc to $9bn
It increased 177 per cent year-on-year from $3.217bn in the first 11 months of 2015-16.
Shahid Iqbal
Foreign investment surpasses $2bn in July-May
The improvement in FDI during the last couple of years was because of increased inflows from China.
MFBs asked to use biometric technology
SBP issued the directions to curb money laundering and terror financing.
Branchless banking accounts increase 73pc
In geographical terms, Punjab is leading the way with over 60pc share in branchless banking accounts.
Banks’ profitability dips amid low interest rates
Return on assets fell, deposits grew just 0.1 per cent in the Jan-March quarter: SBP report
Banking system’s net domestic assets double
NDA rose to Rs1,628 billion from Rs809bn a year ago, reports State Bank of Pakistan.
Falling reserves stoke exchange rate fears
Foreign exchange reserves have continued to deplete by a monthly average of $500 million for past 7 months.
SBP issues fresh AML guidelines
Pakistan is under pressure over the issue as FIA keeps arresting people involved in this illicit practice.
Sindh Budget2017-18 : Rs274bn earmarked for development
Including Rs27.3bn of federal grants, Rs42.7bn of foreign project assistance — total development budget is at Rs344bn.
Imports of LNG double to $965m
Overall petroleum bill increases by 25pc.
Govt to raise Rs3.6tr in three months
The amount is almost equal to the revenue target for 2016-17.
Spike in house rent, education expenses fuelling inflation
The latest Inflation Monitor released by SBP reveals that house rent was the top contributor to inflation.
Remittances record a sharp rise
This suggests the country may achieve the last fiscal year’s level of remittances by the end of 2016-17.
Savings ratio falls to 13.1pc
Pakistan's savings-to-GDP ratio, already the lowest in the region, missed the target set for the outgoing fiscal year.
$5bn spent on debt servicing in July-March
SBP report indicates that external debt servicing will be 25 per cent higher than a year ago.
SBP maintains policy rate
The rate has remained unchanged at 5.75pc since May 2016.
Exporters hold back proceeds
Exporters demand that the rupee should be devalued so they can earn more in terms of the local currency.
Current account deficit widens by 200pc
Current account deficit for July-April rose to $7.24 billion; record increase indicative of a crisis on external front.
FDI clocked up $1.7bn in July-April
KARACHI: Despite CPEC, data does not reflect a substantial increase in foreign direct investment (FDI), which went ...
75pc PM youth loans go to Punjab
KP and Sindh have the share of 9pc and 8pc, respectively, in total loans disbursed under the scheme: report.