Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Islamabad: (Friday, August 10, 2012) In a bid to revive the long stalled business activity in the country, the State Bank of Pakistan has decided to cut the key policy rate by 150 basis points. After the decrease, the new rate stands at 10.5 per cent. After keeping the interest rate unchanged for about 9 […]
Washington: (Thursday, August 02, 2012) The State Bank of Pakistan (SBP) has received $ 1.1 billion from the USA under the Coalition Support Fund (CSF) after the Memorandum of Understanding (MoU) was signed by the representatives of the two countries on restoration of NATO supplies. The CSF money, paid by the United States of America […]
Karachi: (Saturday, July 21, 2012) One of the reasons as to why there seems no end to inflation in Pakistan is thefederal government’s heavy borrowing from the central bank of the country. According to the sources at State Bank of Pakistan (SBP), in last six days alone, the government has borrowed about Rs51 billion from […]
Karachi: (Thursday, July 19, 2012) Pakistan’s total foreign exchange reserves, as per State Bank of Pakistan, stood at US $ 14,939.5 million on the week ending on July 13, 2012, said the sources at Bank here today. Out of these total forex reserves, those held by the central bank were $ 10,501.6 million, while […]
State Bank of Pakistan to inject money in Banking System Karachi: (Friday, July 6, 2012) In order to increase the circulation of money in the system, the State Bank of Pakistan has decided to increase liquidity of the money in banks and financial markets. For doing so, the SBP will by papers from commercial banks […]
Pakistan’s Foreign Exchange Reserves fall to US $ 15.417 billion Islamabad: (Saturday, June 16, 2012) Pakistan’s foreign exchange reserves have come down to $ 15.417 billion in the week ending June 8. The previous week’s forex reserves stood at $ 15.536 billion, disclosed the central bank today. Out of these total forex reserves, those held […]
Pakistan may go for IMF assistance: Governor SBP Karachi: (Tuesday, May 29, 2012) Yaseen Anwar, Governor State Bank of Pakistan, in an interview to ‘The Wall Street Journal’ said today that Pakistan may have to return back to the International Monetary Fund (IMF) finance assistance to cope with its persistently unsustainable macroeconomic situation. Anwar was […]
Increased minimum deposit rate on savings holds back KSE performance Karachi: (Monday, April 16, 2012) After witnessing rising trends for over a fortnight, owing to the announcement on part of State Bank of Pakistan to increase the minimum deposit rate on savings accounts from 5 percent to 6 per cent, the Karachi Stock Exchange observed […]
Pakistan’s forex reserves witness marginal improvement Karachi: (Thursday, February 02, 2012) In the week ending on January 27, Pakistan’s foreign exchange reserves witnessed a marginal improvement as from $ 16.80 billion in the previous week; they have reached to $ 16.87 billion, reported State Bank of Pakistan today. Lately, the highest level forex reserves maintained […]
Political deadlock responsible for economic downturn: experts ISLAMABAD: (23 January 2012) Politics deter economic reforms and political instability perpetuates economic uncertainty, said Dr Ashfaque H. Khan, while speaking at seminar here on Monday. The seminar “impact of current political deadlock on Pakistan’s economy" was organized by Sustainable Development Policy Institute (SDPI). Dr Abid Q. Suleri, […]
Rupee concedes against dollar Karachi: (Monday, January 23, 2012) pressurized by the deteriorated balance of payment and increasing import bill, the rupee, once again, ended up weaker against US dollar today. Compared to Friday’s closing rates of 90.18-23 in Karachi capital market, it stood for 90.21-26 on the first day of the week. Maintaining a […]
Forex reserves jumps to $ 16.77bn; State Bank of Pakistan Islamabad: (Thursday, December 29, 2011) at a time when good news about country’s economy has become least expected, the State Bank of Pakistan (SBP) revealed today that in the week ending on Dec 23, country’s foreign exchange reserves, which stood at $ 16.66bn in the […]
