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Shahid Iqbal

Shahid Iqbal

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SBP limits cash dollar transactions

• Makes account-to-account transfer mandatory for dollar deposits • Individuals no longer allowed to buy cash dollars from open market KARACHI:...

17.11.2025 10

Dawn Business

Shahid Iqbal

SBP launches portal for digital investment in govt papers

KARACHI: The State Bank of Pakistan (SBP) on Thursday launched a new digital platform, opening another channel for individuals and corporates to...

08.11.2025 30

Dawn Business

Shahid Iqbal

Gold’s surge erodes dollar’s shine

KARACHI: The relentless surge in global gold prices has weakened confidence in the US dollar, long considered the world’s safest reserve currency,...

04.11.2025 10

Dawn Business

Shahid Iqbal

Steady growth in reserves strengthens rupee outlook

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves continued to grow gradually in recent weeks, maintaining stability in the...

01.11.2025 20

Dawn Business

Shahid Iqbal

Iron, steel imports surge as State Bank relaxes curbs

KARACHI: Pakistan’s iron and steel scrap imports rose to their highest level since 2021, indicating a shift in the government’s import policy,...

27.10.2025 10

Dawn Business

Shahid Iqbal

Foreigners show interest in T-bills Pakistan

KARACHI: Foreign investors have shifted their focus towards government treasury bills, investing $138.4 million in the first 17 days of October,...

26.10.2025 40

Dawn Business

Shahid Iqbal

Foreign firms repatriate $752m in July-September

KARACHI: Repatriation of profits and dividends on foreign investments rose by 86 per cent in the first quarter of the current fiscal year (FY26),...

24.10.2025 20

Dawn Business

Shahid Iqbal

Foreign currency sales decline amid market constraints

KARACHI: Foreign exchange companies sold $646 million to banks during the first quarter of FY26, down from $750m in the same period last year,...

10.10.2025 20

Dawn Business

Shahid Iqbal

Exporters sell dollars in forward market to hedge against exchange rate risks

KARACHI: Exporters are increasingly selling dollars in the forward market to hedge against risks associated with a managed exchange rate, currency...

07.10.2025 20

Dawn Business

Shahid Iqbal

Interest-free loan scheme for e-bikes, rickshaws

KARACHI: The federal government has launched a cost-sharing, interest-free loan scheme for electric bikes, rickshaws, and loaders to promote energy...

01.10.2025 20

Dawn Business

Shahid Iqbal

SBP slows dollar buying to ease market pressure

KARACHI: Currency dealers say the State Bank of Pakistan (SBP) has slowed down its dollar purchases from the interbank market in an apparent effort to...

27.09.2025 10

Dawn Business

Shahid Iqbal

Loan scheme for affordable housing

KARACHI: The federal government has introduced a subsidised housing financing scheme aimed at helping Pakistanis from middle and lower-income groups...

26.09.2025 10

Dawn Business

Shahid Iqbal

Pakistan poised to meet IMF targets ahead of 2nd review: report

KARACHI: Pakistan is expected to meet all seven Quantitative Performance Criteria (QPC) set by the International Monetary Fund (IMF) ahead of the...

22.09.2025 60

Dawn Business

Shahid Iqbal

Repatriation of profit doubles in July-August

KARACHI: Profit and dividend repatriation on foreign investments in Pakistan more than doubled year-on-year in the first two months of the current...

21.09.2025 10

Dawn Business

Shahid Iqbal

Current account gap narrows to $245m

KARACHI: Pakistan’s current account deficit (CAD) for August stood at $245 million, a slight improvement compared to the previous month’s deficit...

20.09.2025 10

Dawn Business

Shahid Iqbal

Government raises Rs200bn out of Rs1tr bids

KARACHI: The government exceeded its borrowing target in the treasury bills (T-bills) auction held on Wednesday, raising Rs201.8 billion against...

19.09.2025 10

Dawn Business

Shahid Iqbal

Shabbar Zaidi warns crypto could serve as hawala alternative

KARACHI: Pakistan cannot regulate cryptocurrencies within its current financial system, as the State Bank tightly manages foreign exchange, but...

15.09.2025 20

Dawn Business

Shahid Iqbal

SBP poised to maintain policy rate at 11pc

KARACHI: The State Bank of Pakistan (SBP) is expected to maintain the current interest rate at 11 per cent in its upcoming monetary policy...

14.09.2025 20

Dawn Business

Shahid Iqbal

Debt surges by Rs9tr in one year

KARACHI: Pakistan’s total government debt has increased by Rs9 trillion in just one year up to June 2025, with domestic debt representing the...

11.09.2025 20

Dawn Business

Shahid Iqbal

Remittances stay strong despite incentives cut

KARACHI: Remittances sent by overseas Pakis­tanis have remained robust despite the rationalisation of incentives for banks and exchange companies....

10.09.2025 20

Dawn Business

Shahid Iqbal

Govt faces setback as foreign funds exit bonds

KARACHI: Foreign investment in domestic bonds has recorded net outflows during the first two months of the current fiscal year, despite moderate...

07.09.2025 40

Dawn Business

Shahid Iqbal

Govt raises Rs515bn as banks overbid

KARACHI: The government surpassed its target in Wednesday’s treasury bill auction, raising Rs515.2bn, with banks offering more than three times the...

05.09.2025 20

Dawn Business

Shahid Iqbal

SBP chief sees GDP expanding 3.25-4.25pc

KARACHI: The State Bank of Pakistan (SBP) has projected GDP growth between 3.25 and 4.25 per cent for FY26, based on improved macroeconomic...

04.09.2025 20

Dawn Business

Shahid Iqbal

Govt to raise Rs4.8tr via T-bills, bonds auction

KARACHI: The government plans to borrow app­roximately Rs4.8 trillion through banks and capital markets during the Sept­e­mber-November period to...

03.09.2025 20

Dawn Business

Shahid Iqbal

Dollar shortage strains rupee’s ‘artificial’ strength

KARACHI: The Pakistani rupee is under increasing pressure as demand for dollars rises, while exchange companies are struggling with a severe shortage...

01.09.2025 10

Dawn Business

Shahid Iqbal

50pc decline in dollar sales reported amid concerns of re-emerging illegal forex market

KARACHI: Currency dealers in the banking market have reported a sharp 50 per cent decline in dollar sales by money changers this month, amid concerns...

25.08.2025 20

Dawn Business

Shahid Iqbal

Banking transactions delayed due to rains

KARACHI: Thousands of banking transactions, valued in the hundreds of millions, were delayed or stuck due to power outages caused by heavy rains...

25.08.2025 10

Dawn Business

Shahid Iqbal

Illegal forex market may hit exchange rate stability

KARACHI: Currency dealers in the banking market have reported a sharp 50 per cent decline in dollar sales by money changers this month, amid concerns...

25.08.2025 10

Dawn Business

Shahid Iqbal

Govt raises Rs1.3tr, no rate cut in sight

KARACHI: Liquidity was in pursuit of investment opportunities as banks and the corporate sector collectively invested Rs1.385 trillion in Treasury...

22.08.2025 50

Dawn Business

Shahid Iqbal

Low savings hamper growth: SBP chief

• Governor calls for deeper capital markets as savings ratio slumps to 7.4pc of GDP • Private and public investments fall KARACHI: Pakistan’s...

20.08.2025 20

Dawn Business

Shahid Iqbal

Investments in T-bills dip as sentiment weakens

KARACHI: Foreign investors dumped government treasury bills (T-bills) worth $49 million in July, the first month of FY26, while fresh inflows shrank...

18.08.2025 10

Dawn Business

Shahid Iqbal

SBP calls for reforms to sustain growth

KARACHI: The State Bank of Pakistan (SBP) has called for wide-ranging structural reforms to place the economy on a path of higher, sustainable and...

15.08.2025 20

Dawn Business

Shahid Iqbal

Pakistan picks Japanese company for digital currency rollout

KARACHI: The State Bank of Pakistan (SBP) has reportedly selected a Japanese firm to develop a central bank digital currency (CBDC), following the...

14.08.2025 20

Dawn Business

Shahid Iqbal

SME defaults rise despite SBP push for digitalisation

KARACHI: The default rate in the small and medium enterprises (SME) sector continued to rise during the third quarter of FY25, despite various...

13.08.2025 20

Dawn Business

Shahid Iqbal

Smuggled goods, high energy costs cripple economy

KARACHI: The recent reduction in the State Bank of Pakistan’s policy rate to 11 per cent, nearly half of what it was in July 2024, has failed to...

11.08.2025 40

Dawn Business

Shahid Iqbal

Remittances up despite cut in bank incentives

KARACHI: The bullish trend in remittances remained intact as Pakistan received $3.214 billion in July, marking a 7.4 per cent increase year-on-year...

10.08.2025 10

Dawn Business

Shahid Iqbal

Currency crunch as govt pushes dollar down

KARACHI: The government’s efforts to artificially bring down the dollar rate are faltering, with market forces pushing back against a Rs250 exchange...

08.08.2025 20

Dawn Business

Shahid Iqbal

Banks chase long-term bonds amid rising yield

KARACHI: The government raised Rs639 billion through the auction of Pakistan Investment Bonds (PIBs) on Friday — more than double the Rs300bn target...

03.08.2025 30

Dawn Business

Shahid Iqbal

Banks chase long-term bonds amid rising yield

KARACHI: The government raised Rs639 billion through the auction of Pakistan Investment Bonds (PIBs) on Friday — more than double the Rs300bn target...

03.08.2025 10

Dawn Business

Shahid Iqbal

Govt eyes rollovers to meet debt obligations

KARACHI: Pakistan faces another challenging year of external debt servicing in FY26, requiring significant rollovers to manage repayments totalling...

01.08.2025 20

Dawn Business

Shahid Iqbal

Govt eyes rollovers to meet debt obligations

KARACHI: Pakistan faces another challenging year of external debt servicing in FY26, requiring significant rollovers to manage repayments totalling...

01.08.2025 9

Dawn Business

Shahid Iqbal

Govt looks to fast-track crypto adoption

KARACHI: The government seems willing to fast-track the adoption of crypto currencies for banks, foreign exchange comp­anies and gold trading,...

31.07.2025 20

Dawn Business

Shahid Iqbal

Banks raise concerns as govt seeks to strengthen rupee

• No more ‘premiums’ on dollar sale • Bankers say ‘artificial rates’ could encourage ‘blackmarketing’ of foreign currency KARACHI:...

30.07.2025 10

Dawn Business

Shahid Iqbal

Banks moot on exchange rate issues called

KARACHI: The rupee strengthened against the US dollar, gaining Rs1.30 in the interbank market and Rs1.50 in the open market, following a renewed...

28.07.2025 10

Dawn Business

Shahid Iqbal

Crackdown cools dollar surge amid buying by SBP

KARACHI: The rupee appreciated against the US dollar in both the interbank and open markets on Thursday, following a fresh crackdown on currency...

26.07.2025 10

Dawn Business

Shahid Iqbal

Rate cut hopes rise as T-bill yields fall

KARACHI: The State Bank of Pakistan (SBP) on Wednesday slashed treasury bill (T-bill) yields by up to 39 basis points, signalling possible room for a...

25.07.2025 10

Dawn Business

Shahid Iqbal

Repatriation of profit remains flat in FY25

KARACHI: The outflow of profits and dividends on foreign investment remained tightly controlled in FY25, totalling $2.219 billion — only slightly...

23.07.2025 30

Dawn Business

Shahid Iqbal

Dollar shortage deepens despite C/A surplus, record remittances

KARACHI: Despite record-high remittance inflows and a current account surplus, the currency market is facing a dollar shortage, with banks charging...

19.07.2025 30

Dawn Business

Shahid Iqbal

Bank lending to govt surges past Rs44tr

• Private sector borrowing remains just 21pc of total bank advances • Central govt debt soars to Rs76tr KARACHI: Bank lending to the government...

17.07.2025 10

Dawn Business

Shahid Iqbal

Foreigners withdraw over $1.5bn from T-bills in FY25

KARACHI: Foreign investment outflows from treasury bills (T-bills) exceeded $1.5 billion in FY25, with June recording the highest monthly outflow,...

13.07.2025 40

Dawn Business

Shahid Iqbal