Bank revised the schedule to fulfill another condition of the IMF to win back the $6.5 billion loan programme

New arrangement will enable banks to lend without competitive bidding

Exempts them from taxes on profit earned through investment in T-bills, PIBs

Conducts OMO to ensure ample liquidity remains in banking system

Foreign exchange reserves improve close to $4b

Add $369m in past two weeks, reach $3.26 billion

SBP deputy governor says supporting govt’s growth policies comes at third place

Official says subsidiary will help develop real-estate business, increase earnings

Decline is due to a 38% year-on-year drop in total imports in January 2023

Deficit falls to $242 million mainly due to a drop in imports