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

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

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

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

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

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

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

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

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

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

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...

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

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

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

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

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

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

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

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

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

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

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

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...

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

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

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...

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

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...

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

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

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

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...

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

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

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...

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...

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

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

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

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

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

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

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

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...

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

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...

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

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

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

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