Stories from Salman Siddiqui
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100bps interest rate hike likely
SBP has already raised interest rate by 575bps since May 2018
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Economic growth to slip further in FY20: SBP
Quarterly assessment report cites internal and external factors for decline
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SBP launches Rs100b Kamyab Jawan programme
Initiative aimed at providing subsidised financing to startups and SMEs
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Gold surges to record high at Rs82,000 per tola
Increase comes after hike of $24 per ounce in global market
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Remittances surpass target, stand at $21.8b in FY19
Surge comes on back of improved economic activities, jobs in UK, US
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PM refuses to relent on tough tax measures
Traders to press ahead with July 13 strike after demands not met
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SBP receives $991.4 million first IMF tranche
IMF has estimated total inflows in Pakistan at around $30 billion
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After slow growth, bank deposits surge 7.43% in June 2019
Gain comes mainly due to legalising of black money under tax amnesty scheme
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Rupee likely to continue downward trend
Recent recovery in currency was seen on expectations of increase in supply
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Karachi traders give 3-day ultimatum to govt
Ask govt to withdraw 17% sales tax; requirement for buyers CNICs and stop harassment by FBR