Stories from Salman Siddiqui
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Govt borrowing from banks up 4.6%
Decline in deposits dampens private sector’s hope for more credit in October
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Remittances drop by 9.1% in Oct against Sept
Black market offering up to Rs240 for dollar compared with Rs222 by official channels
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Bank Alfalah to buy back 200m shares
Move will have positive effect on share value, return on equity
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3 years given to opt for green banking
SBP initiates environmental, social risk management to mitigate climate impact
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Govt raises Rs46b through Sukuk
New series of Sukuk issued against NHA assets for five years
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RDA inflows dive to $146m, hit 23-month low
Low rate of return, unfavourable investment climate cause decline
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SBP, PBoC to conduct trade in yuan
RMB arrangement to boost Pakistan’s foreign reserves, reduce dependence on USD
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SBP injects Rs675 billion into banks
Indicates benchmark interest rate to remain unchanged despite high inflation reading
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Cotton production may plunge to four-decade low
Output slumped 41% to a mere 3.7 million bales in the outgoing season
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Banks earn record Rs85 billion
FX business, amid rupee value free fall, drove revenue growth