Stories from Salman Siddiqui
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FAC exemption to cost ‘Rs22b’ to kitty
Minister says fuel adjustment charges will taper off gradually
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Current account deficit drops by massive 45%
Rupee continues a downward trend, drops to Rs219 against USD
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Startup raises $2.1m investment
Sets up Pakistan’s first digital wealth management company
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Friendly Gulf states to provide $4b financing
Acting SBP chief says Qatar to provide $2b, Saudi Arabia $1b, UAE $1b over next one year
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Policy rate left unchanged
SBP expects inflation to come under control with easing global commodity prices
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SBP leaves interest rate unchanged at 15%
Central bank maintains rate after previous hikes of a cumulative 800 basis points in past 11 months
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SBP may keep policy rate on hold
Central bank to announce monetary policy, review state of economy on Monday
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Rains take toll on cotton crop
Damage estimated at 10-50% of crop in fields, which may lead to heavy imports
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Govt to borrow Rs6.8tr from banks
Big chunk of new debt will be utilised to repay old debt, bear interest cost
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Remittances dip to 5-month low
SBP says inflows slow down due to considerably fewer working days in July