NA body recommends audit of appointments in National Bank
Committee unanimously passes the Banking Services Amendment Bill, 2020.
Shahid Iqbal
SBP keeps interest rate unchanged at 7pc
KARACHI: The State Bank of Pakistan kept the interest unchanged at seven per cent expecting the inflation to remain...
SBP warns of forced repatriation of overseas Pakistani workers
Existing framework does not share a comprehensive action plan to address the problems of migrant workers, the central bank says.
Current account stays surplus for fourth consecutive month
• SBP data shows CA was surplus with $382m in October against $59m in September • Hafeez says govt will continue efforts for
GDP to grow by 2.5pc in FY21: SBP
This year-on-year improvement is expected to come from a steady performance of agriculture and a recovery in the services sector.
US dollar falls to eight-month low
During the week, dollar inflows remained high creating a surplus in the open market.
Remittances jump 14pc to $2.28bn in October
KARACHI: Overseas Pakistanis sent $2.28 billion in October, up 14.1 per cent year-on-year from $2.0bn in the same...
SBP bans online payments for Indian content
Circular issued after instructions from cabinet division.
Bank earnings soar 53pc in Jan-June
A robust increase in investments, funded by a surge in deposits explains the growth, SBP says.
High liquidity pushes dollar below Rs160
KARACHI: The rupee continued to strengthen against dollar on Tuesday hitting six-month high of Rs159.93 in the...
Dollar’s slide continues against rupee; down Rs7 since August
The dollar was traded at Rs161.37 losing 45 paisa after depreciating throughout the week.
C/A surplus moderates to $73m in September
KARACHI: Pakistan posted a $73 million current account surplus in September compared to $211m in August, which was...
FDI slumps 51pc in September
On a cumulative basis, foreign direct investment fell 24pc in the first quarter of the current fiscal year.
Rupee hits five-month high against US dollar
The dollar was traded as low as Rs162.70 intraday.
Remittances surge 31pc to $7.14bn
KARACHI: Remittances sent by the overseas Pakistanis have jumped by 31 per cent to $7.147 billion during the first...
Dollar inflows thru banking channels jump
Open markets are doing almost one-sided business as buyers make up just 10 per cent of the trading while the rests are sellers.
C/A sees another surplus in August
Sharp fall in imports and exports led to reversal of current account deficit.
SBP maintains status quo as real interest rates remain ‘slightly below zero’
Growth projected at 2pc, inflation 7-9pc.
‘Unlicensed money changers vanish after AML bill’
40pc jump in kerb selling of dollars, claim dealers.
Foreign investment jumps 24pc in August
Month-on-month, the FDI edged lower by $2m or 1.75pc from July’s figure of $114.3m.