Stories from Salman Siddiqui
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Tax rate for banking companies enhanced to 42%
Ismail says banking sector has earned windfall profits from risk-free investment in govt securities
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Govt revises taxable income limit to Rs100,000
The budget documents suggest the people earning more would save more in taxes
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PSX turns Asia’s third worst performing market
Over 16% of investment wiped out as market capitalisation slumped to Rs6.95tr
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KIBOR reaches close to 13-1/2-year high
Rate goes up despite inflow of huge liquidity into inter-bank market
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Rupee dips to new record low
SBP deputy governor expects currency to stabilise after IMF agreement
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Rupee plummets to all time low of 204 against USD
Inflows through RDAs continued to drop for second consecutive month in May
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Rupee dives as rumours spark fears
Talk of freezing foreign currency accounts creates uncertainty in market
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Refineries seek increase in bank credit
Insist govt can save $200m per month by raising credit limit for crude oil imports
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SBP injects Rs1tr into open market
Provides money to banks for longer period to push for interest rate cut
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Moody’s downgrades Pakistan’s rating outlook
Says high global commodity prices will lead to widening of current account deficit