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![]() Shahid IqbalBusiness Recorder |
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...
KARACHI: The growing adoption of battery energy storage systems (BESS) in Pakistan is set to reshape the energy landscape — enabling a more...
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...
KARACHI: Despite stronger dollar inflows this fiscal year, importers are struggling to access foreign currency, with prices rising beyond official...
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...
KARACHI: Indian aggression against Pakistan did not shake the confidence of overseas Pakistanis, as remittances remained high in May. On May 7, India...
KARACHI: The State Bank of Pakistan (SBP) has purchased $5.9 billion from the currency market since June 2024 to bolster its reserves despite...
KARACHI: Despite projected remittance inflows of $38 billion in the current fiscal year (FY25), Pakistan’s per expatriate remittance remains...
KARACHI: After retiring Rs1.5 trillion in debt during the first half of the current fiscal year (FY25), the government has significantly increased its...
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...
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...