SBP

SBP data reveals deficit has increased 92% year-on-year, balance of payments position worsens

PPP senators also propose giving FBR chairman an extension in service

During the week, SBP made payments of $60 million on account of external debt servicing

20% drop in July remittances was due to higher inflows in June: SBP governor

Govt should not only support agricultural sector, but also offer vocational training to migrants

Experts say this violates accounting standards, SBP says it is FBR’s purview

Last month, the SBP had received $370 million from multilateral, bilateral and other official sources

Review of laws may create panic, says committee chairman

Foundation of customer protection rests on self-regulation: SBP deputy governor

SBP’s liquid foreign exchange reserves increased $55 million to $17,719 million

FDI from China declined 75.8% year-on-year, total FDI in July amounts to $64.3m

Event to be attended by CEOs of Islamic institutions

For misuse of authority in relaxing tax regime for some service providers causing huge losses to national exchequer

Import form module will enable officials to keep track of value repatriated 

Average inflation in Jan-Jun was 5.1% in metropolis

Lahore is the cheapest city in the country, reveals the SBP's Inflation Monitor June 2016 survey

SBP’s liquid foreign exchange reserves increased $24 million to $18,061 million

Private banks hold 62% share in total outstanding portfolio

High inflation expectations are evident for all the commodity groups

Resultant inflation is expected to be between 4.5% to 5.5%

SBP Governor Ashraf Wathra says the target rate will be 5.75% for August-September

Nine out of 10 economists told Bloomberg the target rate is unlikely to change

The SBP has also become an active partner with German Development Cooperation Agency

SBP had received $370 million from multilateral, bilateral and other official sources

Fall in deficit is small as analysts expected a surplus due to record low oil prices

SBP governor also announces issuing commemorative coin of Rs50 in honour of Abdul Sattar Edhi

Speaking on the occasion, Faisal says Edhi Foundation needed funds to buy 100 ambulances

Move meant to achieve targets of financial inclusion

In contrast to other developing countries, inflow into Pakistan still growing

During the week, the SBP made payments of $50 million on account of external debt servicing

At the end of FY15, assets grew 10.1% to Rs738b, net profit fell 12% to Rs8b

It is commonly observed that ATMs stop working during the first week of each month

Better energy supply, security situation accelerated growth in industrial and services sectors.

Asset base of overall financial sector increased 15.1%, financial assets-to-GDP ratio rose to 68.4%

SBP-held foreign exchange reserves had increased 3.1% on a weekly basis on April 1

Up 5.2% from beginning of 2015-16.

Two months ago, foreign exchange reserves held by the SBP increased 3.5% on a weekly basis

Asset base increases 0.9% on quarter-on-quarter basis

It comes after overwhelming response last year

Volume, however, was up 4%; major share in increase came from Interbank Funds Transfer

Bank says case was initiated without verifying identity of complainant

From 6% to 5.75%, the decrease came as a surprise to banks, analysts

Move aimed at achieving greater financial inclusion

Major share in rise in volume came from interbank fund transfers

Amount is part of Drawback of Local Taxes and Levies order

Rising inflation reason for maintaining rate, reflects pickup in aggregate demand

Currently, the discount rate is 6.5% while the target rate stands at 6%

The Rs5 banknote and the old design Rs500 banknote have already been demonetised

Says it is vital to make Pakistan’s growth more sustainable

Increase by just two basis points in February.