Stories from Salman Siddiqui
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Rupee hits 5-month low in inter-bank market
Closes at Rs159.33 against greenback due to rising import payments
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Financial sector remains resilient
Report reveals sector’s assets grow 14% to Rs33.92tr during 2020
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POL demand surges to two-year high
Steep rise in car sales, economic activity drive demand for petroleum products
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Foreigners invest in T-bills, PIBs
Play significant role in stabilising Pakistan’s forex reserves at over $16b
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Auto financing hits all-time high
Consumer appetite to purchase cars financed by banks grows due to low interest rate
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PSX gives 38% return on investment
Market expected to maintain growth momentum in new fiscal year
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Firms raise over Rs80b at PSX
Number of IPOs soars to 14-year high during the year
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Online banking gains momentum
Number of internet banking users rises by 10% to 4.98m during Jan-Mar 2021
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Oil transporters call off strike, resume supplies
End of strike averts fears of nationwide fuel shortage
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Current account gap at $632m
Deficit widens in May due to slowdown in remittances, drop in exports