[ad_1] KARACHI: The State Bank of Pakistan (SBP) foreign exchange reserves recorded a notable increase of $ 1.3 billion during the two-week period supported by the arrival of the government…
Tag: SBP
Outlook 2024 – II
[ad_1] Increasing bank lending should to be the next move. The ratio of advances to deposits should increase from present 44.7% to almost 60%. To generate liquidity, it would be…
Economic growth the major victim
[ad_1] The State Bank of Pakistan governor’s “Annual Report for 2022-23” has pointed out, among other the things, the major challenge facing the country through the outgoing year: political uncertainty.…
Fall in industrial production
[ad_1] The statistics on the Quantum Index of Manufacturing (QIM) has been released by the Pakistan Bureau of Statistics (PBS) for the month of October 2023. They are disappointing in…
Shamshad highlights importance of Exim Bank
[ad_1] ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar has stated that Exim Bank will play an important role in shaping Pakistan’s trade finance infrastructure. Speaking at the inauguration of Exim…
Another positive week
[ad_1] KARACHI: The rupee witnessed another positive week as it appreciated Re0.61 or 0.21% against the US dollar in the inter-bank market. It was the fifth consecutive week that the…
Forex reserves up $100m
[ad_1] KARACHI: The country’s liquid foreign exchange reserves rose by $100 million during the last week. According to the State Bank of Pakistan (SBP) weekly report issued on Thursday, the…
Pakistan’s promising economic outlook
[ad_1] The finance division’s ‘monthly economic outlook report’ for the month of November reveals that Pakistan’s economy is on a gradual but promising path of recovery. The country has witnessed…
MPS today
[ad_1] KARACHI: The meeting of the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) to be held today (Tuesday) to decide about the key policy rate. Governor…
Jul-Nov remittances down 10pc to $11.045bn YoY
[ad_1] KARACHI: Inflows of worker’s remittances posted a decline of over 10 percent during the first five months of this fiscal year (FY24). The State Bank of Pakistan (SBP) on…