KARACHI: Tightening the money laundering rules has controlled illegal transactions but it has also disrupted the ...
The State Bank of Pakistan's report shows a drop in reserves of about $3bn in the last six months.
Inflows remained largely ineffective due to the rising outflow of profits and dividends.
Incentive-hungry textile exporters failed to fully utilise even the most favourable trade package offered by the EU.
KARACHI: The currency market that normally responds to political events shrugged off the court’s ruling. “There...
If the trend persists in the next three months, the current account deficit will reach $8bn by the end of 2016-17.
SBP reported on Monday the country received $1.6 billion in July-March against $1.42bn a year ago.
The government is already under pressure to clear circular debt of over Rs350bn and sales tax refunds of Rs300bn
An SBP report shows that exports to India grew in the first eight months of 2016-17 while imports reduced by 23pc.
Inflows from most major sources of remittances did not improve in July-March: SBP
State Bank of Pakistan buying dollars from local banks to retain foreign exchange reserves at $21.5bn: currency dealers
Increase indicates public-sector enterprises now heavily depend on loans from commercial banks.
The growth stood at 4.5pc during the same period of the preceding fiscal year.
Financial institutions asked to implement in-house system to detect differences between values.
Traders are increasingly relying on cash to avoid levy on banking transactions.
State Bank of Pakistan reports the remittances fell 2.5 per cent to $12.36 billion.
Pakistan is the fourth largest producer of cotton in the world and holds the third largest spinning capacity in Asia.
NPLs in the corporate segment fell to Rs431 billion from Rs443.6bn a quarter ago.
The government has been accumulating debt to meet its expenses despite facing a widening fiscal gap.
A total of Rs21.6bn was disbursed in the calendar 2016: SBP report says.