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![]() Shahid IqbalBusiness Recorder |
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...
KARACHI: Currency market experts have warned that the absence of channels for attracting dollar inflows could pressure the rupee as the government may...
A slim book is a good starting point for those who want to have a basic idea about Pakistan’s economic problems and policies over
KARACHI: Bank advances to the private sector surged manifold during the first half of the current fiscal year. However, the textile sector — the...
KARACHI: The government again slashed the cut-off yields on treasury bills at the auction on Wednesday, reflecting a higher possibility of another...
KARACHI: The outflow of profit and dividends on foreign investments surged 114 per cent during the first half of the current fiscal year. The profit...
KARACHI: The current account posted another surplus of $582 million in December 2024, bringing the total surplus for the first half of the current...
KARACHI. The government on Wednesday raised Rs421 billion through the auction of Pakistan Investment Bonds (PIBs) against the total bids of Rs1.5...
KARACHI: The government retired Rs1.541 trillion in commercial banks’ debt during the first half of the current fiscal year against a net borrowing...
KARACHI: Financial inclusion, i.e the share of the adult population operating a bank account, has jumped from 16 per cent in 2015 to 64pc in 2023,...
KARACHI: Pakistan utilised 63 per cent of inflows it received through the Roshan Digital Account (RDA) by the end of December 2024, reported the...
KARACHI: State Bank Governor Jameel Ahmed expressed hopes on Thursday that an uptick in remittances and dip in inflation would lend stability to the...
KARACHI: Four Pakistani banks ranked as the best among the top 10 Asia Pacific lenders in 2024, reported S&P Global Intelligence on Wednesday....
KARACHI: The private sector borrowed a record Rs1.9 trillion from banks during the first half of FY25, registering a surge of 265 per cent from the...
KARACHI: The fast erosion of foreign exchange reserves has made it doubtful for the State Bank of Pakistan (SBP) to reach the $13 billion target by...
KARACHI: The State Bank of Pakistan (SBP) has almost doubled an exchange company’s minimum paid-up capital requirement to Rs1 billion. On Friday,...
KARACHI: The government borrowings from banks for budgetary support were negative during the first half of the current fiscal year ending Dec 31,...
KARACHI: The government raised Rs1.65 trillion through the auction of Treasury Bills (T-bills) and Pakistan Investment Bonds (PIBs) on Tuesday,...
KARACHI: About 64 per cent of foreign investments in treasury bills (T-bills) have been withdrawn and returned to their destinations, disappointing...