A sharp decline in cotton production has shattered hopes of the textile industry seeking to improve its performance.
They have been using most of their liquidity to invest in risk-free government papers.
The govt, which has been raising maximum liquidity from banks, slashed cut-off yields on all PIBs for all tenors.
The cut-off yield on the benchmark six-month T-bills was slashed by14 basis points to raise Rs299.4bn.
"Financing for sustainable development is the need of the hour," says Dr Reza Baqir.
Inflow in T-bills during the current fiscal year to date was $529m reflecting the growing confidence on domestic bond.
Says he never asked Bashir Memon to file a reference against Supreme Court judge Justice Qazi Faez Isa.
Housing and construction finance witnessed historic 36pc growth during 2020-21, SBP says.
PM praises overseas Pakistanis, SBP for achieving the milestone.
In the same period during last fiscal year the deficit was $4.147bn.
SBP and SECP sign letter of understanding for amendments in the terms of reference of the joint task force.
Market experts believe that the government has been raising money from the domestic market for a short tenure.
The government has launched the markup subsidy scheme to provide concessional housing finance for promoting home ownership.
Inflow from China constitutes 46pc of total FDI, State Bank of Pakistan data shows.
KARACHI: The value-added sector warns that the crisis is yet not over as duty-free cotton yarn imports will not...
Data shows that the private sector borrowed Rs444.5 billion during July-March 2020-21.
• Inflows exceed $2bn for 10th straight month • PM acknowledges contribution of overseas Pakistanis for their homeland
Currency dealers say higher forex deposits in banks are because of very low consumption in the domestic market.
This is the first time that the SBP has said digital currency is under study.
The highest bids were offered for three-month papers, but the govt preferred to accept maximum amount for six-month T-bills.