Stories from Salman Siddiqui
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TRG to sell stake in health subsidiary to US firm
Primerica will acquire 80% of e-TeleQuote for $600 million
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FDI drops 40% to $168m in March 2021
China largest foreign investor with injection of $126m, mainly in power sector
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Pakistan aims for digital currency
Virtual currency will expand banking network, help govt fight money laundering
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Imports hit near three-year high
Wheat, sugar, oil, gas remain major contributors to increase in March 2021
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Banks defer, reschedule loans worth Rs1.3 trillion
Debt relief scheme was introduced by SBP in March 2020 to help borrowers cope with Covid-19
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Credit to private sector slows down
Banks continue to focus on investment in govt debt securities
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Rs435.7b extended to businesses under TERF
Scheme was introduced to help businesses continue investment plans despite Covid-19
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Pakistan’s LSM sector grows 7.45%
Increase will help offset impact of poor cotton production in agriculture sector
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Remittances jump 43% to $2.7b
Inflows remain robust above $2b for 10th successive month in March
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SBP expects 3% growth in FY21
Central bank governor says country has entered third wave with much better economic indicators