Stories from Salman Siddiqui
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‘Local financing key to growth’
British govt official says country has progressed to ‘middle-income’ status
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Banks lent 83% deposits to govt in Feb
Deposits rose by 15% in one year to Rs22.9tr mainly due to workers’ remittances
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Govt to borrow Rs7tr from banks in three months
Rs5.5 trillion to be used to return old maturing debt
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Remittances improve by 5% but remain low
Non-residents continue to dispatch funds via informal channels
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Remittance inflow shows marginal improvement of 5%
Remittances decreased by 10.8% compared to the same period last year
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Gas supply doubles from Sindh field
Mari Petroleum says Sachal project will save $600m via LNG substitution
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RDAs hit $125m in Feb despite revised RoR
Inflows enhanced by $15m to $125m compared to 26-month low in Jan
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JS Bank restrained from acquiring BIPL
SHC interim order says one group cannot have two commercial banks at a time
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Corporates strive to fix agri-sector
Aim to double cotton output, increase rice exports, control post-harvest losses
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PSX top 100 firms reflect 10% growth
Reach net earnings of a cumulative Rs1 trillion