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Rupee depreciates 0.76% to Rs163.67
Dip in inter-bank market due to increase in demand for US dollar
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Rupee hits nine-month low at 163.35
Dip in interbank partly due to increase in domestic demand for foreign currency
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Short-term debt hits eight-month high
Reliance on short-term borrowing rising since last three successive months
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Pakistan to auction oil, gas blocks by year-end
Move will lead to increase in production, less reliance on imports
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Banks approve housing loans worth Rs45b
Baqir said financial institutions have disbursed Rs5.8b so far
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SBP leaves policy rate on hold
Maintains status quo to keep cost of borrowing at lower level, push growth
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SBP likely to maintain status quo
Small segment expects central bank to raise policy rate by 25-50bps in today’s meeting
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Credit to private sector spikes 12% to Rs6.82tr
Temporary Economic Refinance Facility plays key role in boosting banks’ credit
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Pakistan’s REER improves to 99.85
Exports become viable, imports expensive due to rupee depreciation
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Trade activities soar to multi-year high
Surge comes on back of government’s policies to ramp up economy amid pandemic