Shahid Iqbal

T-bills attract record inflows in over four years

Foreigners invest $258.3bn in govt papers during July. Updated 08 Aug, 2024 08:50am

Reemergence of grey market brings back memories of 2023

Market has reemerged due to the smuggling of dollars to Afghanistan and Iran, creating higher demand for currency in the local market. Updated 07 Aug, 2024 07:51am

‘Govt fixing unrealistic targets to hide economic downturn’

Exporters rejecting orders due to high production cost. Published 04 Aug, 2024 07:53am

Roshan Digital Account inflows decline 11pc to $200m in June

Overall inflows surpass $8.2bn since initiative’s launch in 2020. Updated 03 Aug, 2024 08:31am

Rs1.1tr scheme launched for SMEs

The loan size is up to Rs25 million for small enterprises and Rs200m for medium enterprises. Published 02 Aug, 2024 09:23am

Highest profits repatriated to UK in FY24

Profit outflow on foreign investments restricted to $331m in FY23 against a record $2.215bn in the outgoing fiscal year. Updated 01 Aug, 2024 08:52am

SBP cuts policy rate by 100bps to 19.5pc

Projects real GDP to grow 2.5-3.5pc in FY25, sees inflation outlook risky Published 30 Jul, 2024 07:27am

Dollar outflow surges seven times to record $2.2bn in FY24

SBP clears backlog on IMF, China pressure. Updated 30 Jul, 2024 10:17am

Surging imports keep trade balance in China’s favour

Exports to China remain stuck at around $2.7 billion Published 28 Jul, 2024 08:01am

Fears mount as loan talks with China face uncertainty

This loan has been rolled over annually since 2018, with the most recent rollover occurring on Feb 29. Updated 27 Jul, 2024 10:47am

SBP reserves plunge $397m

The need to raise $24bn for external debt servicing in FY25 has created problems for economic managers. Published 26 Jul, 2024 09:20am

Falling T-bill yields fuel policy rate cut hopes

Returns slashed by up to 56 bps; Rs481bn raised against Rs150bn target. Updated 25 Jul, 2024 08:34am

Debt-ridden Pakistan likened to ‘canary in a coal mine’

Ex-SBP chief warns that due to heavy interest burdens, government has no resources left for social spending. Updated 24 Jul, 2024 11:13am

Most analysts expect policy rate cut amid low inflation

Over a quarter expect reduction of 100bps, 11.5pc predict 150bps cut. Updated 23 Jul, 2024 10:21am

Implementing new IMF deal a challenge as political pressure mounts

If the political situation remains unstable, significant growth in FY25 is unlikely, analyst notes. Updated 21 Jul, 2024 08:20am

Current account deficit shrinks to 13-year low

Drops 79pc to $681m in FY24 from $3.275bn a year ago; June sees $329m deficit. Updated 20 Jul, 2024 08:25am

Fitch sees growth rate rising to 3.2pc

Inflation is likely to fall to 6.2pc, interest rate to 16pc by Dec Published 19 Jul, 2024 08:00am

Surging steel imports hit local production

Sluggish demand from complementary industries leads to subdued utilisation of flat steel. Updated 17 Jul, 2024 07:44am

Hopes for rate cut not high despite IMF deal

Political uncertainty, inflation emerge as key hurdles to economic growth. Published 16 Jul, 2024 08:29am

Sharp rupee depreciation feared after new IMF deal

Currency dealers optimistic that remittances, FDI will increase following new IMF agreement. Updated 13 Jul, 2024 08:32am