The low forex reserves, currently at a nine-year low, raise the risk of default on foreign debt repayment
Move aimed at curbing inflation, achieving ‘higher growth on more sustainable basis'
Indicates benchmark interest rate to remain unchanged despite high inflation reading
Terms the great global lockdown as the 'mother of all external shocks'
The high policy rate of 13.25% is said to be killing business, making the interest cost of govt debt unbearable
Governor Reza Baqir apprises president of measures and schemes taken by central bank
KSE 100-share Index advances 36% in dollar terms in past three months
Lifts ban on advance payment of up to $10,000 per invoice for imports
Arbitrator requires $150m deposit in escrow account by June 30 to keep stay on $760m award in effect
New currency notes will be released from May 20 to May 31