President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said the sale of bleeding state-run enterprises alone...
State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions...
SBP increased the policy rate by 150bps to 12.25% from 10.75% in the MPS announced on Monday.
1. Higher recent MoM core and head line inflation,
2. Recent Exchange Rate Depreciation,
3. Elevated fiscal deficit and increased monetization and,
4. Potential adjustments in utility (gas and electricity)...
State Bank of Pakistan on Monday announced the Monetary Policy Statement, policy rate by 150 bps to 12.25 percent. SBP said there have been three notable developments since the last Monetary Policy Committee (MPC) meeting in March 2019.
First, the...
Analysts forecasts another rate hike of 100bps in policy rate from 10.75% to 11.75% in the upcoming monetary policy which is to be announced on May 20.
The aggressive monetary tightening is expected to continue by the central bank as...
The Pakistani rupee shed Rs2.0 against the US Dollar in the open market on Saturday, which closed at Rs144. Rupee has shed Rs3.0 against the greenback in this week.
Economists expressed concerns over the continuous depreciation in rupee value saying...
Overseas Pakistani workers remitted US $17,875.23 million in the first ten months (July to April) of FY19, showing a growth of 8.45% compared with US $16,481.82 million received during the same period in the preceding year.
Overseas Pakistanis remit US...
The total liquid foreign reserves held by the country stood at US$15,972.6 million on May 03. Foreign reserves held by the State Bank of Pakistan increased by $ 179 million to $ 8,984.1 million.
Net foreign reserves held by commercial...
The 49th iteration of International Central Banking Course and 46th iteration of International Commercial banking course concluded on April 12, 2019 wherein 43 delegates of 15 countries participated.
These include Algeria, Afghanistan, Cambodia, Ethiopia, Egypt, Gambia, Jordon, Sri Lanka, Maldives,...
The total liquid foreign reserves held by the country stood at US$17,228.3 million on April 05.
The break-up of the foreign reserves position. Foreign reserves held by the State Bank of Pakistan $ 10,271.9 million.
Net foreign reserves held by commercial...
The American capital has been in a state of security alert and tightening precautionary measures, with the approaching hour of the officially elected president...
The online short videos platform is rapidly becoming the content production application of choice for hundreds of thousands of Pakistanis to showcase their creativity,...
Adam Schiff, Chairman of the Intelligence Committee in the US House of Representatives, affirmed that they continue to defend the democracy of the United...
