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...

yesterday 20

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...

monday 10

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

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

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

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

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

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

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

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

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

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 8

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

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

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

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

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

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

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

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

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

Shahid Iqbal

SBP builds reserves on record inflows, dollar buying

KARACHI: The State Bank of Pakistan (SBP) ramped up its foreign exchange reserves to a 39-month high of $14.5 billion by the end of FY25 after...

12.07.2025 20

Shahid Iqbal

Sustainable growth key to long-term stability: State Bank governor

KARACHI: State Bank Governor Jameel Ahmed on Monday stressed that economic growth holds little significance unless it is both sustainable and...

09.07.2025 20

Shahid Iqbal

Exchange firms bring in $5bn remittances in FY25

KARACHI: Foreign exchange companies contributed around $450 million to remittance inflows during June, taking their total contribution to...

07.07.2025 40

Shahid Iqbal

Despite tensions, trade with India continues

KARACHI: Despite a brief military conflict and the continued closure of borders, trade between Pakistan and India persisted in May, with official data...

06.07.2025 70

Shahid Iqbal

Indian ban fails to hit Pakistan’s trade

KARACHI: India’s attempt to disrupt Pakistan’s external trade by banning ships carrying Pakistani goods from anchoring at its ports has failed to...

30.06.2025 30

Shahid Iqbal

SBP set to miss $14bn forex target for FY25

KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) dropped sharply by $2.7 billion in a week, falling to a three-year low and...

28.06.2025 20

Shahid Iqbal

Retail transactions hit Rs164tr in 3QFY25

KARACHI: Retail payment volumes rose by 12 per cent year-on-year to 2,408 million transactions in the third quarter of FY25, while the overall...

27.06.2025 10

Shahid Iqbal

War with India fails to stop inflows in T-bills

KARACHI: The Indian aggression against Pakistan has not hurt, strangely enough, the inflow of foreign investment into treasury bills, while outflows...

26.06.2025 20

Shahid Iqbal

Dollar shortage spurs exchange rate volatility

KARACHI: A growing shortage of dollars in the interbank market has unsettled the exchange rate, prompting banks to offer higher-than-official rates to...

23.06.2025 20

Shahid Iqbal

‘Unusual’ T-bill auction sees govt raise Rs915bn

KARACHI: The government borrowed over Rs915 billion from banks on Wednesday, but the unscheduled treasury bill auction triggered speculation about the...

20.06.2025 10

Shahid Iqbal

Pakistan gets robust inflow of $3.7bn in May

KARACHI: Pakistan looks set to exceed its annual remittances target of $38 billion with $3.7bn inflows in May. So far in the 11 months of the fiscal...

13.06.2025 10

Shahid Iqbal

Pakistan imports 32.8GW of solar PV modules in 5 years

KARACHI: The growing adoption of battery energy storage systems (BESS) in Pakistan is set to reshape the energy landscape — enabling a more...

09.06.2025 100

Shahid Iqbal

Reforms launched to ease funding barriers for SMEs

KARACHI: In a bid to unlock the potential of the country’s small and medium enterprises (SMEs), the State Bank of Pakistan (SBP) on Thursday...

07.06.2025 20

Shahid Iqbal

Importers struggle for dollars despite higher inflows

KARACHI: Despite stronger dollar inflows this fiscal year, importers are struggling to access foreign currency, with prices rising beyond official...

06.06.2025 10

Shahid Iqbal

Cotton import bill goes up by 114pc

KARACHI: Amid falling local production, the cotton import bill swelled by 114 per cent in the first 10 months of FY25 compared to the last year. From...

02.06.2025 40

Shahid Iqbal

Indian aggression fails to disrupt remittances

KARACHI: Indian aggression against Pakistan did not shake the confidence of overseas Pakistanis, as remittances remained high in May. On May 7, India...

30.05.2025 20

Shahid Iqbal

SBP buys $6bn to bolster its forex reserves

KARACHI: The State Bank of Pakistan (SBP) has purchased $5.9 billion from the currency market since June 2024 to bolster its reserves despite...

29.05.2025 20

Shahid Iqbal

Pakistan’s remittance per expat lags behind peer nations

KARACHI: Despite projected remittance inflows of $38 billion in the current fiscal year (FY25), Pakistan’s per expatriate remittance remains...

28.05.2025 20

Shahid Iqbal

Govt borrowing from banks surges to Rs2.7 trillion

KARACHI: After retiring Rs1.5 trillion in debt during the first half of the current fiscal year (FY25), the government has significantly increased its...

26.05.2025 10

Shahid Iqbal

Rupee depreciates despite global drop in dollar index

KARACHI: The rupee has been gradually depreciating against the US dollar, even as the greenback itself has fallen by around nine per cent on the...

24.05.2025 20

Shahid Iqbal

Banks’ credit to NBFIs falls sharply

KARACHI: Banks’ credit to non-bank financial institutions (NBFIs) sharply declined to Rs416 billion during November-May FY25, compared to over Rs1...

23.05.2025 10

Shahid Iqbal

Push for simplified sukuk structures

KARACHI: The State Bank of Pakistan is working to simplify sukuk structures and streamline the issuance process to deepen the Islamic finance market,...

22.05.2025 10

Shahid Iqbal

Bank advances drop by Rs1.6tr in January-April

KARACHI: Bank advances sharply declined by Rs1.589 trillion during the January to April period of the current fiscal year, despite a notable reduction...

19.05.2025 10

Shahid Iqbal

Current account surplus shrinks to $12m in April

• 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...

18.05.2025 10

Shahid Iqbal

Private sector reverses debt retirement trend

KARACHI: Reversing the debt retirement trend, the private sector made significant borrowings from banks in April to meet its working capital needs....

15.05.2025 20

Shahid Iqbal

Govt repays $3.8 billion in third quarter

• SBP data shows $4bn interest paid on debt servicing in nine months • Overseas inflows ease pressure on growing trade deficit KARACHI: Pakistan...

14.05.2025 30

Shahid Iqbal

NON-FICTION: HISTORY THROUGH JOURNALISM’S LENS

Senior journalist and rights activist Hussain Naqi’s detailed interview in a newly published book is a story of journalism and...

11.05.2025 20

Shahid Iqbal

SBP orders vigil on outflows

KARACHI: Amid heightened tensions with India, the State Bank of Pakistan has asked banks to closely monitor dollar outflows, as the escalating...

09.05.2025 10

Shahid Iqbal

With exports, FDI on the wane, economic productivity takes a hit

KARACHI: Exports as a percentage of GDP have consistently declined while poor Foreign Direct Investment (FDI) could not generate higher economic...

03.05.2025 30

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