Current account rises into surplus
Four years of deficits end in October.
Shahid Iqbal
Foreign debt servicing surges past $3bn in July-September
SBP data says external debts and liabilities' percentage with respect to GDP has significantly declined.
Treasury bills attract record foreign investment of $713m
Recent SBP data indicates investment in government-backed securities has become attractive for foreigners.
SBP allows $10,000 advance payment for raw material imports
Move comes after exchange rate stability and improvements in ease of doing business.
Currency dealers sell $2.4bn to banks
Increase in inflows is likely to surpass the selling target of $3.5bn for the ongoing fiscal year.
SBP calls for ‘industrial policy’ as priority
"State must take leading role to invest in important segments of the economy," SBP says in its report.
Govt raises Rs532.5bn in T-bill auction
The central bank receives total bids worth Rs1.96tr for T-bills against which it accepts Rs532.5 billion.
Tax amnesty drives healthy growth in bank deposits
According to an SBP report, deposits accelerated to 6.8pc during the reviewed period, up from 5.7pc in 1HCY18.
Current account deficit shrinks massive 64pc
Reduced CAD is a positive omen for the government, which is struggling with slow economic growth and high inflation.
Foreign private investment jumps 51pc
If FDI's Sept trends persists, country could receive record high investment it received during the last five years.
Investment in govt papers reaches record Rs10.3tr
Banks’ investment reach extraordinary levels at Rs7.94tr reflecting their investment strategy to book maximum profits.
Pakistan needs to boost savings rate: SBP
SBP governor says public sector should be model to promote savings in the private sector.
Race to invest in risk-free govt papers intensifies
The government raised Rs403bn from 12-month papers against bids worth Rs988bn.
State Bank holds policy rate steady at 13.25pc
MPC forecasts inflation to come down in target range of 5-7pc in next two years.
Islamic banks’ market share rises to 14.4pc
Islamic banking industry’s assets in the quarter ending June grew by 7.3pc rising to Rs2.99 trillion.
Remittances decline 8pc in July-August
The State Bank of Pakistan (SBP) says the decline reflects the usual one-off post Eidul Azha effect.
Govt rakes up Rs467.4bn from T-bill auction
The auction reflected both government’s need for and banking sector’s willingness to park maximum liquidity.
Private sector borrowing falls sharply
The president of a commercial bank says the situation will be clear at the end of the first quarter.
Banks fined for various violations
Collectively, the fines add up to Rs805 million, and all actions were taken in the month of August.
SBP discovers stabilisation may slow growth
Financial stability report for CY2018 issued nine months after year has ended.