Stories from Salman Siddiqui
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Policy rate set at 20.5% after 1st cut in nearly 4 years
Central bank revises down mark-up by 150bps
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SBP cuts interest rate for first time in four years amid inflation slowdown
The move aims to stimulate economic growth following a significant drop in retail inflation.
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Central bank expected to make modest rate cut
Experts see reduction of 100-200 bps reflecting inflation, IMF recommendation
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Govt may use reserves to repay debt
Pakistan has to make large repayments that will keep default risks high
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PIA bidder proposes reinvestment of proceeds
Says it will help fix airline’s issues, make profit in future
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Poor people pay more taxes
Burden rises because of increase in share of indirect taxes to 85%
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Pakistan has to repay $10b by July
Pressure mounts on govt high-ups to seek rollovers, repay loans on time
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Turkish fintech buys SadaPay
Reports suggest $30-50m price range for 100% acquisition of firm
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Foreign investment in govt papers picks up pace
Investment reaches $35.6m in May on higher returns, stable rupee
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Dewan Motors to relaunch KIA Shehzore in June’24
Revives production after 9 years, brings back commercial vehicle in collaboration with Korea