SBP

Issues three Shariah-compliant schemes covering SMEs, agriculture, renewable energy

Adversity brings the best out of some

Move aimed at plugging loophole that has long been used to legalise black money

Appreciates efforts of banks in promoting agricultural financing

Increase comes due to inflows from the UAE and Saudi Arabia

Central bank raises rate by 25bps to 10.25%, cuts economic growth forecast to 4%

DFID Chief Economist Rachel Glennerster says Pakistan needs to prioritise its to-do list

Foreign companies in Pakistan sent home $759.5m compared to $1.2b in previous year

Inflow marks back-to-back receipt of $1b deposits in SBP reserves

Deposit part of $3b financial package aimed at stabilising forex reserves

Loan reflects Abu Dhabi's keenness to bolster Pakistan’s economy, help its government achieve financial stability

Will launch media campaign to create awareness of the initiative

Drop comes in wake of external debt servicing, other official payments

Overall debt increases to Rs26.5tr due to revenue shortfall, rupee depreciation

State Bank prints new currency notes to finance govt expenditure

Step taken to boost exports and generate economic activity

Companies borrow funds to increase their working capital, says analyst

HIVE Pakistan screens holographic speech of the founding father at four different places

The SBP autonomy is part of the PTI manifesto

Figure seems to be understated as central bank has not shown the debt taken from China

Increase is in line with IMF’s demand to push rate into double digits

Decrease attributed to payments on account of external debt servicing

Directs petitioners to submit rectified appeal within a week

Aim is to strengthen panel responsible for policymaking, except monetary policy

Says exports, remittances will increase and imports, deficit will come down

Says narrowing current account deficit will remain a big challenge

SBP has decided, in principle, to conduct biometric verification of accountholders

Boost comes following significant recovery in international oil prices

Foreign exchange reserves held by the central bank continued to spiral downwards

Finds instances of customer information being divulged to unauthorised persons

New debt will help govt to partly bridge the deficit in budgetary financing

Task force decides to hold consultations with officers in federal, provincial govts

Delays in regulatory approvals from PTA due to absence of proper head led to failure of transaction

Says it has not submitted any such recommendation to government

Most of the raised funds will be utilised to repay old domestic debt

Govt still undecided on going to IMF; Fund’s team to arrive next month

The national balance sheet looks grim, and is in need of sustainable sources of revenue

Amount insufficient to meet country’s growing
external sector requirements

Would still be short of Rs10b to meet capital adequacy ratio despite acquiring Summit Bank

Telenor CEO says growth exists in e-commerce and digital payments segment

M-wallet’s share in Rs21b worth of branchless banking transactions expands to 71%

Says banks will meet 82% of the total credit requirement

Politicians don’t want to build due process because of both laziness and lack of work experience

Says the bank was established to play its socioeconomic role in the state

This comes despite tough challenges in agricultural sector

Finance ministry, central bank refused to give consent for a highly risky proposal

Under paperless currency, mobile banking showed the strongest growth

Notifies the abolition of the open account facility for importer

Rupee devaluation major reason behind higher outflow

Individuals consumed close to 63% of the total volume