SBP

KSE-100 index rises 368.21 points, settles at 64,822.43

Settles at 279.67 vs dollar with better foreign currency inflows

Currency recovers over Rs27 against dollar in past 4-1/2 months

Economists divided on whether inflation stems from money printing or imports

Expects economy to expand 2-2.5% in FY24, FBR to collect Rs10tr in taxes

KSE-100 index loses 1,355 points, or 2.1% WoW, settles at 63,282

Despite tight monetary policy, SBP faces inflation challenges

SBP’s foreign currency reserves stood at $8,027.4 million, marking $127 million decline compared to previous week

Exports reach $303m in Dec, higher than 12-month average of $222m

SBP confirms UAE has rolled over two $1b deposits, which were maturing soon

Edges down Rs0.01 to close at 280.25/$ amid global uncertainties, balanced market dynamics

KSE-100 index falls 368.26 points, settles at 64,269.38

Increase 17% from $137 million in November, up 14.29% from Dec 2022

Robust demand, low inventory levels will push up crude prices

Short-term borrowing made to repay financing acquired in past

Disbursements to Pakistan will hit $1.9b after this amount

Stability in rupee-dollar parity, crackdown on illegal networks boost numbers

KSE-100 index dips 277.87 points, settles at 64,237.03

In turn, banks will lend money to govt to bridge budget shortfall

SBP’s reserves grow after arrival of funding from multilateral lenders

Expenses fuelled by interest costs, other spending

Governor report expects significant contribution from agriculture output this year

Central bank confirmed development, increase resulted from receipt of official Government of Pakistan’s inflows

For accurate pricing, central bank directs dealers to submit daily rates to ECAP

Consortium of six commercial banks offered Rs15 billion in new loans to PIA

SBP cites debt repayment for decline in reserves

Five commercial banks accused of playing role in Rs70b worth of money laundering

Followed by China, UK, UAE, Germany, Holland

Export growth, import management lead to positive shift, FDI inflows increase by 7%

Stands at 283.21/$ as remittances via exchange firms rise 15%

November 2023 records another 3.45% drop in export revenues

SBP governor says they are on track to achieve agricultural credit goal

Currency touches new six-week high at 283.26 vs dollar

Decision comes ahead of IMF board meeting; SBP expects deceleration in inflation

Marks departure from earlier predictions suggesting possibility of modest rate cut in Dec 2023

Investors offer Rs479b at PSX auction; PM calls it remarkable achievement

SBP mentions debt repayments for decrease in reserves

Despite interest cost of Rs2.3tr, high non-tax revenues mask fiscal challenges

Latest uptick came after Saudi Arabia slashed price of its flagship Arab Light crude for Asian buyers

Currency has cumulatively improved 0.44% or Rs1.26 in the past six days to date

Designed to equip, empower women entrepreneurs to play role in cross-border trade

Hyderabad traders welcome Summit Bank’s transition to Shariah-compliant bank

KSE-100 index jumps 2,605 points, or 4.4%, settles at 61,691

Subsidiary will provide mechanism to ensure deposits remain safe from risks

Maintains uptick for 4th consecutive day driven by increase in supply of foreign currency

KSE-100 index gains 1,159.98 points, settles at 61,691.25

Net foreign reserves held by commercial banks stood at $5,135.8 million.

KSE-100 index creeps up 29.27 points, settles at 60,531.27

Currency reaches one-week high at Rs285.17 to a dollar

Rupee remains stable at Rs285.39/$, increasing by 0.05%