Bank investments jumped 40pc as advances crept up by 1.2pc.
Foreign investment in the country’s T-bills peaked in March before Covid-19 shock caused abrupt outflows.
Currency dealers say it's shocking that the dollar depreciated by Rs1.17 in a single session.
Financial market players believe massive fuel price hike could well upset forecast of “continued moderation” in inflation.
KARACHI: The State Bank of Pakistan has slashed the interest rate by 100 basis points to 7 per cent in an effort to...
During July-May, the deficit fell by 73.6 per cent compared to $12.453bn in the same period last fiscal year.
Dollar has gained Rs4.55 or 2.8pc during June, senior banker says sharp decline in exports "major reason" behind appreciation of dollar.
Cumulative inflows in the 11 months of current fiscal year still show increase of over 90.6 per cent compared to the last fiscal year.
85pc allotted to ongiong schemes, remaining to new ones.
This massive increase boosted the non-tax revenue collection and came out to be the single largest source.
“While domestic production and retail trade were adversely affected by the stabilisation efforts, they received a major blow when the businesses were shut amid lockdown to control the Covid-19.”
“Lockdown is a luxury for rich countries which economies like Pakistan can not sustain,” says SBP governor.
With the emergence of coronavirus, however, the entire economic scenario has turned upside down.
SBP governor says “Pakistan witnessed unprecedented current account deficit” in 2018 and since then significant improvement has been seen.
KARACHI: The net foreign direct investment (FDI) to Pakistan surged by 127 per cent to $2.281 billion during the...
KARACHI: The dollar gained Rs1.12 on Friday against the rupee to close at Rs163.1 in the interbank.
Many companies in Pakistan have orders on hold and are waiting for green signals to go ahead.
Ramazan traditionally has been a month for higher remittances but the coronavirus has reduced the inflows.
The county is likely to face a total current account deficit of around $5bn by the end of this fiscal year.
Jumps 33pc year-on-year