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![]() Shahid IqbalBusiness Recorder |
KARACHI: Banks’ credit to non-bank financial institutions (NBFIs) sharply declined to Rs416 billion during November-May FY25, compared to over Rs1...
KARACHI: The State Bank of Pakistan is working to simplify sukuk structures and streamline the issuance process to deepen the Islamic finance market,...
KARACHI: Bank advances sharply declined by Rs1.589 trillion during the January to April period of the current fiscal year, despite a notable reduction...
• July-April surplus still high at $1.88bn compared to $1.337bn deficit a year ago • Foreign direct investment plummets to $140.8m in April from...
KARACHI: Reversing the debt retirement trend, the private sector made significant borrowings from banks in April to meet its working capital needs....
• SBP data shows $4bn interest paid on debt servicing in nine months • Overseas inflows ease pressure on growing trade deficit KARACHI: Pakistan...
Senior journalist and rights activist Hussain Naqi’s detailed interview in a newly published book is a story of journalism and...
KARACHI: Amid heightened tensions with India, the State Bank of Pakistan has asked banks to closely monitor dollar outflows, as the escalating...
KARACHI: Exports as a percentage of GDP have consistently declined while poor Foreign Direct Investment (FDI) could not generate higher economic...
KARACHI: While anticipating an improvement in the overall outlook with economic activities picking up momentum in the second half, the State Bank of...
KARACHI: The State Bank of Pakistan (SBP) is in the advanced stages of finalising guidelines for the responsible use of artificial intelligence (AI)...
KARACHI: The recent turmoil from the global trade war has created significant uncertainty, and the State Bank warns it may pose challenges to the...
KARACHI: Digital payments are rapidly increasing as Raast transactions surged to Rs6.4 trillion in the second quarter of 2025, said State Bank of...
KARACHI: The outflow of profits on foreign investments in Pakistan doubled by the end of the third quarter of the current fiscal year, reflecting a...
KARACHI: Pakistan recorded its highest-ever monthly current account surplus in March, with a surplus of $1.195 billion compared to $363 million in the...
KARACHI: The government on Wednesday raised a cumulative Rs1.22 trillion through auctions of Treasury Bills (T-bills) and Pakistan Investment Bonds...
KARACHI: The Small and Medium Enterprises (SMEs) receive less than 10 per cent credit from the private sector despite contributing 40 per cent to the...
KARACHI: Despite a massive cut in the benchmark interest rates, the private sector continued retiring loans as bank advances plunged 52 per cent in...
KARACHI: Only three countries withdrew nearly $1 billion from Pakistan’s treasury bills during the current financial year, with outflows almost...
KARACHI: Remittances are expected to cross a record high of $3.5 billion in March, rising 15 per cent month-on-month, driven largely by inflows during...
• Over 2bn payments made, value hits Rs154tr • Digital channels process 88pc of all transactions • Country’s 19,519 ATMs facilitate 259m...
KARACHI: The State Bank of Pakistan (SBP) purchased $5.5 billion from the banking market during the June-December period and the market expects the...
KARACHI: The cut-off yields on treasury bills were increased by up to 34 basis points, surpassing the policy interest rate in the auction held on...
KARACHI: Despite declining returns, foreign investors parked over $1 billion in the Treasury Bills (T-bills) in the first eight months of FY25....
KARACHI. The outflow of profits and dividends on foreign investments more than doubled during the first eight months of the current fiscal year. On...
KARACHI: The private sector lending has slowed sharply, raising concerns over economic growth and revenue generation, both of which are already...
KARACHI: The government borrowed less than half of its target in the latest auction of short-term treasury bills (T-bills) held on Wednesday,...
KARACHI: With a sharp decline in the current account deficit (CAD) to $12 million in February from $420m in the preceding month, Pakistan recorded a...
KARACHI: The rising demand due to higher debt servicing and repatriation of profits by foreign investors built pressure on the local currency, which...
KARACHI: Sino Sindh Resources Pvt Ltd (SSRL) Chief Executive Officer Li Jigen has stated that the power generation cost from Block-1 of the Thar...
KARACHI: Global rating agency Moody’s has upgraded Pakistan’s banking outlook to positive from stable on the back of improved financial...
KARACHI: Inflows of remittances are higher than ever and the exchange companies alone could accumulate $5 billion by the end of Ramazan, said...
KARACHI: Amid the high possibility of no further cuts in the interest rate, investors made a total of Rs2.207 trillion bids, mostly for the long-term...
KARACHI: Amid falling tax collections, the federal government’s borrowing from banks plunged 84 per cent during the first seven and half months of...
KARACHI: Amid growing concerns over Pakistan’s cash-dominated economy, bankers at a recent summit in Karachi called for a comprehensive digital...
KARACHI: Interest rates may see another reduction in the upcoming monetary policy, with market sources suggesting a potential cut ranging from 50 to...
KARACHI: Banks have taken back about 48 per cent of the money they lent to the private sector within a month, indicating that the private sector has...
KARACHI: A significant improvement in the external account has brightened Pakistan’s chances of reentering the international capital market soon as...
KARACHI: To reduce cash transactions through digitalisation, the State Bank of Pakistan (SBP) issued a criterion on Saturday to enhance the technical...
KARACHI: The profit outflows slightly decreased in January but were still higher by 90 per cent in the first seven months of FY25, according to State...
KARACHI: The current account posted a deficit of $420 million last month, almost the same as in Jan 2024, but the deficit slashed a rising surplus...
KARACHI: More than 12 million houses are required across the country and the demand is rising due to negative growth in this sector. Some banking...
KARACHI: The federal government’s domestic debt surged by Rs2.5 trillion in the first half of the current fiscal year despite significant support...
KARACHI: After witnessing a steep increase in liquidity inflows during the first six and half months of the current fiscal year, the private sector...
KARACHI: Amid a robust inflow of remittances, Pakistan met the $5 billion annual growth target in the first seven months of the current fiscal year. ...
KARACHI: Banks’ investments in government papers reached Rs26 trillion by December 2024, contributing 57.6 per cent to the central government’s...
KARACHI: The production of locally manufactured or assembled mobile phones increased by 28 per cent in December 2024 amid high demand for low-priced...
KARACHI: The State Bank of Pakistan (SBP) purchased about $3.8 billion from banks in the first four months of the current fiscal year to improve its...
KARACHI: Despite a steep fall in the interest rate, the monetary expansion remained negative during the first seven months of the current fiscal year....
KARACHI: Pakistan witnessed 87 per cent foreign investment withdrawal from treasury bills (T-bills) due to a sharp reduction in profit rates in almost...