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Apr 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Rizwan Bhatti

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
SBP keeps policy rate unchanged at 13.25 percent
Print

SBP keeps policy rate unchanged at 13.25 percent

The Monetary Policy Committee (MPC) on Tuesday decided to keep the policy rate unchanged at 13.25 percent for next two months as the inflation outlook is remained unchanged. Governor State Bank of Pakistan (SBP) Dr. Reza Baqir announced the decision at a
Published 29 Jan, 2020 12:00am
Cigarette industry output plunges following FED hike: SBP
Print

Cigarette industry output plunges following FED hike: SBP

The significant increase in Federal Excise Duty (FED) on cigarettes has adversely affected the output of the industry. According to the State Bank of Pakistan (SBP), the output of the cigarette industry sharply declined by 34.5 percent during first quarte
Published 26 Jan, 2020 12:00am
MPS on 28th: Policy rate may be kept unchanged
Print

MPS on 28th: Policy rate may be kept unchanged

The State Bank of Pakistan (SBP) will announce the monetary policy on January 28 for next two month. The Monetary Policy Committee (MPC) of the SBP will meet on Tuesday, (Jan 28) at the SBP Karachi for deliberations on economic indicators to take a decisi
Published 22 Jan, 2020 12:00am
Dam funds: SBP issues warning
Print

Dam funds: SBP issues warning

The State Bank of Pakistan (SBP) has warned that any negligence for collection of Dam funds may face penal action against banks and may also tantamount to contempt of court.
Published 21 Jan, 2020 12:00am