Author Archives: Shahid Iqbal
2 days ago
Rupee slips after pre-poll boost
Experts and currency market dealers said that the market has lost pre-election sentiment, but there was more than one reason for it.
Experts and currency market dealers said that the market has lost pre-election sentiment, but there was more than one reason for it.
18th May, 2013
Current account gap swells to $1.4bn
KARACHI, May 17: The rising current account deficit is taking a tough shape for the upcoming government amid shrinking foreign exchange reserves and foreign investment while future course of economic strategy is still uncertain.
KARACHI, May 17: The rising current account deficit is taking a tough shape for the upcoming government amid shrinking foreign exchange reserves and foreign investment while future course of economic strategy is still uncertain.
16th May, 2013
FDI slightly improves
The State Bank reported that the FDI rose by 3.9pc to $622 million during the July-April period of 2012-13.
The State Bank reported that the FDI rose by 3.9pc to $622 million during the July-April period of 2012-13.
15th May, 2013
Budgetary borrowing close to Rs1 trillion
KARACHI, May 14: At the end of 10 months of the current fiscal year, budgetary borrowing is about to touch Rs1 trillion mark, which would be a challenging situation for the next elected government.
KARACHI, May 14: At the end of 10 months of the current fiscal year, budgetary borrowing is about to touch Rs1 trillion mark, which would be a challenging situation for the next elected government.
14th May, 2013
$11.5bn remitted in 10 months
Overseas Pakistanis sent more than $11.5 billion remittances during the first 10 months of the current fiscal year, almost equal to the entire present reserves.
Overseas Pakistanis sent more than $11.5 billion remittances during the first 10 months of the current fiscal year, almost equal to the entire present reserves.
10th May, 2013
Consumption surges 130pc in five years
KARACHI, May 9: The private consumption witnessed massive growth of 130 per cent in the last five years though the GDP growth rate dipped hinting at expanding parallel economy in Pakistan
KARACHI, May 9: The private consumption witnessed massive growth of 130 per cent in the last five years though the GDP growth rate dipped hinting at expanding parallel economy in Pakistan
7th May, 2013
Dollar slips below Rs100
The currency dealers observed that buyers of greenback almost disappeared from the market which has not only hit the trade four month low but appreciated the local currency against the US currency.
The currency dealers observed that buyers of greenback almost disappeared from the market which has not only hit the trade four month low but appreciated the local currency against the US currency.
5th May, 2013
Major crops’ area, output fall sharply
KARACHI, May 4: Agriculture production and area under cultivation showed no improvement during the last four years while high prices played a key role in increasing the value of farm produce.
KARACHI, May 4: Agriculture production and area under cultivation showed no improvement during the last four years while high prices played a key role in increasing the value of farm produce.
2nd May, 2013
Govt borrowing from banks falls
KARACHI, May 1: Lending to government has fallen in recent months as money required for hundreds of projects has practically been stopped, said banking sources on Wednesday.
KARACHI, May 1: Lending to government has fallen in recent months as money required for hundreds of projects has practically been stopped, said banking sources on Wednesday.
1st May, 2013
Bank profits fall by 15pc in Q1
KARACHI, April 30: Banks eroding interest in government papers was reflected in the treasury bills auction on Tuesday when bids offered by banks were Rs92 billion less than the target announced by the State Bank, and the amount raised was Rs100bn less than the target.
KARACHI, April 30: Banks eroding interest in government papers was reflected in the treasury bills auction on Tuesday when bids offered by banks were Rs92 billion less than the target announced by the State Bank, and the amount raised was Rs100bn less than the target.
28th April, 2013
Dollar-gold relationship hits rupee
A sudden demand for gold in Pakistan and India has escalated dollar demand in the open market.
A sudden demand for gold in Pakistan and India has escalated dollar demand in the open market.
27th April, 2013
SBP starts retiring treasury bills
KARACHI, April 26: A change is taking place in the banking industry as State Bank of Pakistan has started retiring treasury bills, and raising less liquidity than the required amount
KARACHI, April 26: A change is taking place in the banking industry as State Bank of Pakistan has started retiring treasury bills, and raising less liquidity than the required amount
25th April, 2013
Dollar outflows intensify
KARACHI, April 24: Repatriation of US dollars through multiple channels has worsened the already challenging situation in the face of repayment deadlines over the next few months while the country’s reserves deplete
KARACHI, April 24: Repatriation of US dollars through multiple channels has worsened the already challenging situation in the face of repayment deadlines over the next few months while the country’s reserves deplete
24th April, 2013
Holdings of govt papers hit Rs4.7tr
KARACHI, April 23: Holdings of government securities by banks and non-banks crossed Rs4.7 trillion at the end of March this year, reflecting a massive government borrowing
KARACHI, April 23: Holdings of government securities by banks and non-banks crossed Rs4.7 trillion at the end of March this year, reflecting a massive government borrowing
21st April, 2013
State Bank reserves hit 10-year low
Foreign exchange reserves of State Bank touched a 10-year low mark, raising concerns that it may create problems in repaying the IMF.
Foreign exchange reserves of State Bank touched a 10-year low mark, raising concerns that it may create problems in repaying the IMF.
19th April, 2013
Sindh cities face high inflation
KARACHI, April 18: People in major cities of Sindh endured a high rate of inflation as compared to other parts of the country.
KARACHI, April 18: People in major cities of Sindh endured a high rate of inflation as compared to other parts of the country.
18th April, 2013
Banks face liquidity crunch: Govt raises only Rs28 billion
The State Bank could hardly raise Rs28 billion for government through treasury bills which is much below the target of Rs175bn.
The State Bank could hardly raise Rs28 billion for government through treasury bills which is much below the target of Rs175bn.
17th April, 2013
Foreigners invested $820m in nine months
KARACHI, April 16: The depressed foreign direct investment at the end of third quarter of this fiscal year reflected the sentiments of investors who still perceived the country to be dangerous and unstable both
KARACHI, April 16: The depressed foreign direct investment at the end of third quarter of this fiscal year reflected the sentiments of investors who still perceived the country to be dangerous and unstable both
16th April, 2013
Interest payments on local debt surge
KARACHI, April 15: Record interest payments on the domestic debt in the first half of the current fiscal year eroded the debt sustainability of the country, the State Bank of Pakistan observed in its latest quarterly report for this fiscal year.
KARACHI, April 15: Record interest payments on the domestic debt in the first half of the current fiscal year eroded the debt sustainability of the country, the State Bank of Pakistan observed in its latest quarterly report for this fiscal year.
14th April, 2013
Lost in the maze of fiscal complexities
The PPP and the PML-N, the emerging PTI powerhouse seem to have provided details about its targets and strategies manage the national economy.
The PPP and the PML-N, the emerging PTI powerhouse seem to have provided details about its targets and strategies manage the national economy.
