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Shahid IqbalBusiness Recorder |
KARACHI: The steep fall estimated in the main inflation in May could pose a challenge for the State Bank of Pakistan (SBP) to maintain the record...
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves reached a two-year high, crossing the $9 billion mark after inflows from the...
KARACHI: Industrialists and analysts express growing concerns as political protests and wheat farmer demonstrations escalate, casting shadows over...
KARACHI: Pressure is mounting on the State Bank of Pakistan (SBP) to call an emergency meeting and review the current interest rate amid a drop in...
KARACHI: In a positive development, the State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $25 million, reaching $8.006 billion...
KARACHI: The government borrowed a record amount from banks at record high prices, which ate up 76 per cent of the tax revenue during the first nine...
KARACHI: The State Bank has received the last IMF tranche of $1.1 billion, which took the central bank’s foreign exchange reserves to $9bn, a...
KARACHI: Researchers and analysts say the State Bank of Pakistan (SBP) could reduce its policy rate by 100 to 150 basis points at Monday’s Monetary...
KARACHI: March emerged as the most beneficial month of the current financial year for the country, as inflows from all sources increased, along with a...
KARACHI: March emerged as the most beneficial month of the current financial year for the country, as inflows from all sources increased, along with a...
KARACHI: Domestic bonds have proven more attractive to foreign investors than the record-breaking equity market during the first nine days of the...
KARACHI: The non-performing loans (NPLs) of the banking sector increased by 7.6 per cent, or Rs70 billion, during 2023, according to data released by...
KARACHI: The current account posted a nine-year-high surplus in March, making it possible for the country to bring down the overall deficit to below...
KARACHI: Non-banking financial institutions (NBFIs) are in distress amid a slump in financing from banks during the current financial year (FY24)....
KARACHI: Within a week, the government borrowed over Rs650 billion from banks to meet its rising expenditure, reflecting the consequence of high...
KARACHI: The government surpassed the target and raised significantly more funds than the maturity amount through an auction of treasury bills on...
KARACHI: Despite mounting optimism for increased inflows and a new IMF bailout package, the US dollar strengthened in the inter-bank market while the...
KARACHI: Amid an uncertain economic outlook with high downside risks, the private sector’s participation in economic growth remains unnoticeable as...
KARACHI: The State Bank of Pakistan (SBP) has repaid $1 billion against euro bonds, creating goodwill for the bonds in the near future. Pakistan on...
KARACHI: In the lead-up to the Eid holiday break, the rupee displayed resilience, staying steady against the US dollar in Tuesday’s interbank...
KARACHI: The quantum of remittances increased to almost $3 billion in March, taking it to the highest level since April 2022, primarily due to...
KARACHI: Private sector participation in the economy is now lower than what it was in FY23, which saw a negative growth. The State Bank’s latest...
KARACHI: The government’s borrowing from banks reached Rs4.7 trillion, with an addition of Rs700 billion within the last two months. The State Bank...
KARACHI: Banks are experiencing a surplus of dollars, driven by exporters swiftly selling their earnings in anticipation of further depreciation of...
• Jump in benchmark tenor against expectations of some market dealers • Others say rise in the treasury bill cut-off yield ‘has no connection’...
KARACHI: Japanese companies operating in Pakistan are least interested in further investment to expand their businesses, while the country ranked...
KARACHI: The higher dollar influx in Ramazan has compensated for the lower inflows through exchange companies in February, currency dealers said on...
KARACHI: Finance Minister Muhammad Aurangzeb has asked banks to enhance lending to priority sectors to stimulate economic growth and development in...
KARACHI: For the last three months, the rupee continued appreciating against the US dollar, reaching close to Rs277 in the interbank market on Tuesday...
KARACHI: The continued stability in the exchange rate has made treasury bills (T-bills) attractive for foreign investors, as increased inflows noted...
KARACHI: Bank advances to the private sector plunged over 70 per cent in more than eight months of the current fiscal year indicating the lowest...
KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) increased by $105 million to reach $8 billion again. The SBP’s report on...
KARACHI: Foreign Direct Investment (FDI) jumped 16 per cent year-on-year to $131.2 million in February, the State Bank reported on Wednesday. The...
KARACHI: The current account posted a surplus in February, contrary to the preceding month, raising hopes that the government would achieve the...
KARACHI: The government does not like to see further devaluation of dollar against the rupee as it impacts both imports and exports, said currency...
KARACHI: The budgetary borrowing surged by 59 per cent during the first eight months of the current fiscal year, reflecting the higher government...
KARACHI: The formation of a new government and positive signals from the International Monetary Fund have brought down the dollar to a five-month low...
KARACHI: The central bank has revealed a significant upswing in digital banking transactions during the second quarter (October-December) of the...
The screengrabs from the video show the misprinted reverse side of what would otherwise be legal tender. KARACHI: A video purportedly made by a bank...
KARACHI. The selling of dollars to banks fell by $70 million in February, said currency dealers on Monday. The open market had been selling over $300m...
KARACHI: The International Monetary Fund (IMF) has ignored the ‘managed exchange rate’ in Pakistan, providing space for policymakers to...
KARACHI: The remittances sent by overseas Pakistanis increased year-on-year in February, while the cumulative inflows for the first eight months of...
KARACHI: State Bank of Pakistan Governor Jameel Ahmed has said that the unprecedented volume of data generated by digital devices underscores the...
KARACHI: At the beginning of March, the US dollar started moving upward against the rupee, creating space for speculative forces to take advantage,...
KARACHI: The Karachi Interbank Offered Rate (Kibor) has started to recede, reflecting both the money market’s reaction to low inflation and...
KARACHI: Fear is high for the appreciation of the dollar as the premium for two months of forward selling has reached Rs8 per dollar, and exchange...
KARACHI: The latest trade and inflation data has fostered a renewed sense of optimism among financial markets, researchers and bankers, sparking...
KARACHI: Extending a yet another major relief to cash-strapped Islamabad, the Chinese government has rolled over its $2 billion loan, which was due in...
KARACHI: The financial market dealing with foreign exchange is tense on reports about the expected higher dollar outflows. Sources in the financial...
KARACHI: Commercial banks posted an impressive 83 per cent earnings growth during 2023, with almost all banks recording their historic profits...