Finance Minister Muhammad Aurangzeb meets Prime Minister Shehbaz Sharif on April 12, 2024. — APP KARACHI: The government borrowed a staggering...
The State Bank of Pakistan building in Karachi. — The SBP websiteKARACHI: The State Bank of Pakistan is expected to maintain its monetary policy...
Pakistan can be impacted by the rise in oil prices, particularly in light of the precarious balance of payments
This bond has rallied by 84 percent so far this year
According to data issued by the State Bank of Pakistan on Monday, remittances reached $3 billion in March
Citing the SBP report, he stated that the data for the last six years indicates that financial transactions have more than doubled
A man counts US dollars in a money exchange shop. — AFP/FileKARACHI: Foreign investment in Pakistan’s Treasury Bills has soared to levels...
A man counts US dollars in a money exchange shop. — AFP/FileKARACHI: Pakistan’s dollar bonds soared to a two-year peak on Wednesday, buoyed by...
The SBP maintained its tight monetary policy and kept the policy rate at a record high 22 percent, as expected
The use of Raast, Pakistan’s first instant payment system, also increased, the SBP noted
In this picture, the State Bank of Pakistan building in Karachi can be seen. — SBP/website/FileKARACHI: The State Bank of Pakistan is poised to...
A currency exchange agent counts US Dollars. — AFP/FileKARACHI: Pakistan received $2.2 billion in remittances from its overseas workers in...
The expanding debt burden brought on by the enormous financing needs of the cash-strapped nation is the core of its current economic woes
According to him, economic reforms will provide investors with confidence and certainty and facilitate economic growth
KARACHI: Pakistan's dollar bonds rose on Wednesday as investors welcomed the formation of a coalition government that could ease political...
KARACHI: Pakistan's current account balance turned negative in January, as a surge in imports outweighed a modest increase in remittances and a...
SBP said that remittances in January were slightly higher than the $2.382 billion received in December
CEO of the Pakistan Business Council, Ehsan A. Malik, stated that the next government needs to prioritise suffering before prosperity
KARACHI: Pakistan’s microfinance sector is shifting its strategy to promote environmental sustainability, risk mitigation, and protection of the...
KARACHI: The private sector credit contracted for more than six months in the current fiscal year as high borrowing costs and a sluggish economy...
Commentators welcome this move and surmise that SBP only wants to replace existing notes with freshly designed ones, with no plans to ditch any of...
KARACHI: The State Bank of Pakistan kept its benchmark interest rate unchanged at 22 percent for a fifth consecutive meeting on Monday, citing high...
The KIBOR, which reflects the cost of funds in the interbank market, eased to 20.62 percent from 20.82 percent
KARACHI: The government borrowed Rs3.9 trillion banks in six and a half months of the 2023/24 fiscal year, three times more than the same period a...
Analysts say SBP would wait to see how elections play out as well as immediate consequences of rising tariffs
Country’s foreign exchange reserves have reached a high of $9.1 billion, thanks to IMF loan tranche and multilateral flows , according to Akhtar
Another encouraging development was that Pakistan same day received payment relief as UAE rolled over $2bn loan that was already in place
Surplus, which compares with deficits of $15m in Nov and $365m in Dec 2022, was first since June 2023, when country recorded surplus of $28m
Industry's assets grew by 6.7 percent from Rs1.965 trillion in November
It is quite probable that Pakistan will receive a second tranche of $700m from the IMF over next couple of days
KARACHI: The six-month interbank rate fell to its lowest level in 10 months on Thursday, as treasury bill yields dropped sharply, signalling that...
In December, remittances to Pakistan increased 5.4 percent on a month-on-month basis
Reserves had risen by a total of $1.316 billion in the prior two weeks
TMBL aims to capitalize on its strong legacy and expertise in the microfinance industry as a pioneer of branchless banking services in Pakistan
KARACHI: The State Bank of Pakistan will continue to follow a data-dependent approach for making monetary policy decisions as any uncertainty...
KARACHI: The government more than doubled its borrowing from banks in the first half of the current fiscal year, as it struggled to cope with rising...
KARACHI: Pakistan’s stocks outperformed other major asset classes, including bonds and dollar, in 2023, as investors cheered a $3 billion bailout...
KARACHI: Health-tech startup Sehat Kahani said on Thursday it had raised $2.7 million in a Series A funding round led by Singapore-based Amaanah...
KARACHI: The government raised a record Rs397 billion in a local currency bond auction on Wednesday, the largest amount it borrowed in a single...
KARACHI: Pakistan’s current account balance swung back to a surplus in November, ending a four-month streak of deficits, as the primary income and...
KARACHI: The rupee may extend its slide in 2024 as the country grapples with economic challenges such as soaring inflation, hefty debt obligations,...
KARACHI: Assets managed by the mutual funds industry hit an all-time high of Rs1.965 trillion in November, data showed on Wednesday, a 5 percent...
KARACHI: The State Bank of Pakistan has kept its benchmark interest rate unchanged at a record high of 22 percent on Tuesday, as it awaited signs...
KARACHI: HBL is capable of taking the lead in promoting food security and the development of the agricultural sector in Pakistan because of the...
As expected, extraordinary response to first one-year sovereign Islamic paper bidding at local exchange, says analyst
KARACHI: The Pakistan Stock Exchange will host its first-ever auction of a one-year listed local currency sukuk on December 8 to diversify...
KARACHI: The State Bank of Pakistan is likely to keep its benchmark interest rate unchanged at 22 percent for a fourth straight meeting on December...
KARACHI: The Deposit Protection Corporation , a subsidiary of the State Bank of Pakistan , has initiated reimbursements to depositors of the defunct...
KARACHI: Pakistan Stock Exchange will hold a mock transaction of the upcoming one-year listed domestic Islamic bond, known as sukuk, on Friday .The...
KARACHI: Treasury bill yields declined slightly at an auction on Wednesday as investors pared back expectations for a central bank interest rate cut...
