KARACHI: Pakistan’s current account deficit has ballooned to .633 billion during the first seven months of 2011/2012 against the deficit of million in the corresponding months of last year, according to provisional figures released by State Bank of Pakistan (SBP) on Friday. Analysts said that …
KARACHI: The rupee hit an all-time low against the dollar on Monday, owing to political uncertainty as the apex court indicted Prime Minister Yousuf Raza Gilani, besides the International Monetary Fund (IMF) repayment also increased the dollar demand, analysts said. “The rupee slipped as the …
KARACHI: The State Bank of Pakistan (SBP) has kept the key policy rate unchanged at 12 percent on the concerns about a further rise in inflation in the coming months due to substantial government borrowing. “Despite moderate aggregate demand, pressure on the rupee liquidity is …
LAHORE: The International Monetary Fund (IMF) has asked the State Bank of Pakistan (SBP) to tighten the monetary policy and curtail financing of the budget, besides calling for greater independence of the central bank. These points were discussed when the Executive Board of the IMF …
KARACHI: The State Bank of Pakistan (SBP) has directed the banks to write-off outstanding loans of rice millers and traders of Sindh and Balochistan, sources said on Friday. The Economic Coordination Committee (ECC) of the Cabinet has decided in a meeting held on January 3 …
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet after a detailed review of the sugar situation in the country on Tuesday allowed export of 100,000 tons of sugar, a statement said. The ECC met with Federal Minister for Finance and Economic Affairs Dr Abdul …
The Union of Small and Medium Enterprises (UNISAME) has invited the attention of Mansoor Ali director SME department State Bank of Pakistan (SBP) to set up a desk to help the SME exporters whose amounts are stuck in various countries on unusual pretext but mainly …
KARACHI: The government has made some headway towards improving finances in early FY12, but it should contain full-year fiscal deficit, which is difficult in the absence of meeting revenue targets depending upon coalition support fund and the sale of 3G licences, the State Bank of …
KARACHI: The State Bank of Pakistan (SBP) has injected over Rs274 billion into the money market as banks are facing liquidity shortage due to investment in government maturities. The central bank on Friday injected Rs274.15 billion in the banking system against an offered amount worth …
KARACHI: Pakistan’s current account deficit swelled to .15 billion during the first half of 2011/12 against the surplus of million in the corresponding half of the last fiscal year, the State Bank of Pakistan (SBP) said on Tuesday. The foreign inflows of home remittances and …
