Stories from Salman Siddiqui
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Analysts see 100-200 bps hike in policy rate
SBP’s monetary policy committee meeting today to decide on rate revision
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Politicians advised to mend fences to prevent economic meltdown
Business leaders urge both govt and opposition to mend bridges for sake of economy
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Banks battle rising non-performing loans
NPLs have increased by almost 3% to Rs938.67 billion in the quarter ended December 31, 2022
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Late export proceeds to be fined up to 9%
SBP tightens rules to discourage traders from creating artificial shortage of dollars
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Shanghai Electric extends KE offer date
Renews commitment to acquiring Karachi-based private power utility
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Currency dealers offer $24b in loans to govt
Believe financing will help country get rid of IMF programme
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CPI may soar to 5-decade high
Inflation likely to reach 35.8% in March , driven mainly by high food prices
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Digital banks eye Pakistan’s unbanked population
Country hosts third largest unbanked adult population globally, with over 100 million unbanked
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MNCs’ profit repatriation plunges 80%
They send to headquarters abroad just $225m as dollars become scarce
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SBP allows foreign investment in REIT schemes
Amends foreign exchange manual that also permits withdrawal of investment