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Jan 10, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Rizwan Bhatti

Forex operations: SBP to put in place automated 'RAS' for banks
Print

Forex operations: SBP to put in place automated 'RAS' for banks

The State Bank of Pakistan (SBP) has decided to fully implement automated Regulatory Approvals System (RAS) and accordingly banks have been directed to submit cases related to Foreign Exchange Operations Department (FEOD) and Exchange Policy Department (E
Published 22 Mar, 2020 12:00am
SBP lends a helping hand to exporters
Print

SBP lends a helping hand to exporters

The State Bank of Pakistan (SBP) has announced a relief package to support exporters affected by loss of demand due to COVID-19 and to prevent export sector from any liquidity crisis.
Published 21 Mar, 2020 12:00am
Coronavirus challenge: SBP responds prudently
Print

Coronavirus challenge: SBP responds prudently

State Bank of Pakistan has cut the key policy rate by 75 basis points and announced two special financing schemes to address the economic and health challenges posed by the spread of coronavirus (COVID-19).
Published 18 Mar, 2020 12:00am
GDP growth revised downward to 3 percent
Print

GDP growth revised downward to 3 percent

In light of recent domestic and global developments, the State Bank of Pakistan (SBP) has revised the real GDP growth projection downward side. Going forward, SBP is also expecting that the government could face challenges in achieving revenue targets for
Published 18 Mar, 2020 12:00am
July-February FDI jumps 75 percent YoY
Print

July-February FDI jumps 75 percent YoY

The country fetched Foreign Direct Investment (FDI) amounting to $1.8 billion, up by 75 percent, during the first eight months of this fiscal year (FY20), supported mainly by massive inflows from China.
Published 17 Mar, 2020 12:00am
Lending and deposit rates: SBP issues guidelines for reporting
Print

Lending and deposit rates: SBP issues guidelines for reporting

The State Bank of Pakistan (SBP) has issued fresh guidelines for reporting of lending and deposits rates (RoR) for all scheduled banks (reporting institutions). As per previous directives, reporting institutions were required to submit the RoR data on new
Published 12 Mar, 2020 12:00am
Tri-Angles invests $3.3m in TV, AC production
Pakistan

Tri-Angles invests $3.3m in TV, AC production

Tri-Angles Electronics has invested some $3.3 million during last two years for manufacturing and assembling of Hisense LED TV and Air Conditioners (AC) in Pakistan. Hisense is one of the leading brands in China with exports to over 130 countries. Tri-Ang
Published 11 Mar, 2020 12:00am
MPS on March 17
Print

MPS on March 17

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months on March 17 with expectations of rate cut on lower inflation outlook. The Independent Monetary Policy Committee (MPC) of the State Bank will meet on Tuesday (Marc
Published 10 Mar, 2020 12:00am
Foreign investors sell $174 million MTBs in just three days
Print

Foreign investors sell $174 million MTBs in just three days

Foreign investors sold some $174 million worth Market Treasury Bills in first three days of this month (March 2020). Foreign investors, mainly from the US and the UK were heavily investing in government debt instruments particularly T-bills due to some im
Published 05 Mar, 2020 12:00am
NPLs surge by Rs 81.66 billion to Rs 776 billion in CY19
Print

NPLs surge by Rs 81.66 billion to Rs 776 billion in CY19

Non-Performing Loans (NPLs) of the banking industry have continued to accumulate and surged by some 12 percent to Rs 776 billion mark by end of last calendar year (CY19) mainly due to addition of fresh NPLs on the back of higher interest rate.
Published 27 Feb, 2020 12:00am
July-January CA deficit shrinks 72 percent
Print

July-January CA deficit shrinks 72 percent

Led by a sharp decline in the goods import bill, the country's current account deficit plunged by 72 percent during the first seven months of this fiscal year (FY20). According to the State Bank of Pakistan (SBP), the current account deficit declined by $
Published 20 Feb, 2020 12:00am
PSM revival plan gains momentum
Print

PSM revival plan gains momentum

Investors from Turkey, Russia and China have expressed their interest to revive Pakistan Steel Mills (PSM) on Repair, Operate and Transfer (ROT) basis.
Published 19 Feb, 2020 12:00am
Jul-Jan FDI posts 66 percent growth
Print

Jul-Jan FDI posts 66 percent growth

Foreign Direct Investment (FDI) maintained upward momentum and registered some 66 percent growth during first seven months of this fiscal year (FY20), supported by massive inflows in telecom and power sector.
Published 18 Feb, 2020 12:00am