Stories from Salman Siddiqui
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Remittances hit seven-month high at $2bn
The receipts, however, dropped 10.7% to $2.53 billion in March compared to the same month of the previous year
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Client, their prosperity big motivators for microfinance bank
Khushhali Bank looks forward to continuing to positively impact clients’ lives, their communities
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High rates to stem outflow
Investors have pulled out of saving schemes to deposit funds in banks
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Govt increases profit rate on savings certificates
A 4.13% increased rate of return to make saving schemes lucrative and mobilise investment from the general public
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NCCPL to collect 13% SST from PSX stockbrokers
ICB expresses interest in buying Silkbank shares worth €50 million
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Rupee makes minor gains after govt meets final IMF condition
Local currency recovered to Rs284.25 per US dollar, ending its four days losing streak
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Investors withdraw $190m in Feb
Pull out capital from national saving schemes due to uncompetitive rate of return
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SBP expects IMF revival, $10b reserves by June
Projected CAD to be below $6b for FY2023 – had earlier projected CAD at $9b
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SBP hikes policy rate by 100bps to record high of 21%
SBP views latest rate hike 'adequate to anchor inflation expectations'
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Rupee hits all-time low at 288 against USD
Importers panic buy US dollars while supply of foreign currency in the interbank market is low