Banks’ massive Rs1.5tr lending fuels economy

KARACHI: A massive lending of Rs1.5 trillion by banks to the private sector during the current financial year (FY26) has helped fuel growth in...

previous day 20

Shahid Iqbal

Royalties, franchise fees capped at $250,000

KARACHI: The State Bank of Pakistan (SBP) has capped remittances against royalties, franchise and technical services at $250,000 for new companies....

22.12.2025 20

Shahid Iqbal

Brokers suffer losses as Karachi Cotton Exchange building remains shut

KARACHI: The Karachi Cotton Association (KCA) failed to issue cotton spot rates for the fifth consecutive day on Friday as the historic Karachi Cotton...

21.12.2025 10

Shahid Iqbal

Digital asset drive gathers pace as central bank engages PVARA

KARACHI: Another step towards Pakistan’s virtual assets framework was taken on Thursday, as the State Bank of Pakistan (SBP) held a meeting with the...

20.12.2025 10

Shahid Iqbal

Karachi Cotton Association withdraws plea against building ‘takeover’

KARACHI: The Karachi Cotton Association (KCA) has withdrawn a petition filed in the Sindh High Court challenging the evacuation of an old building on...

19.12.2025 20

Shahid Iqbal

Current account turns positive in November with $100m surplus

The current account posted a $100 million surplus in November, which may change the trend of deficits in previous months of the current fiscal year....

18.12.2025 20

Shahid Iqbal

Investment-to-GDP ratio may fall below 13pc

KARACHI: Both domestic and foreign investment are at their lowest levels and could set an unwanted record by falling below a 13 per cent...

15.12.2025 30

Shahid Iqbal

No rate cut seen as IMF wants tight liquidity

KARACHI: Despite mounting pressure from industry for immediate relief, a rate cut in the upcoming monetary policy appears unlikely, as the...

14.12.2025 30

Shahid Iqbal

1Link-style system urged to plug dollar leakages

KARACHI: Despite the government’s move to link all dollar transactions with Nadra, including a new facial-recognition requirement, exchange...

13.12.2025 20

Shahid Iqbal

$119m withdrawn from T-bills in Nov

KARACHI: Instead of improving, the foreign investment climate has become more difficult for Pakistan, as seen in treasury bills where outflows surged...

12.12.2025 10

Shahid Iqbal

Remittances rise 9.4pc in November

KARACHI: Remittances from overseas Pakistanis, the country’s most reliable source of foreign exchange, remained strong in November, raising hopes...

11.12.2025 20

Shahid Iqbal

Rupee expected to break Rs280 barrier against US dollar by December end

KARACHI: Though the rupee has been appreciating against the dollar in what dealers describe as a managed way, the market expects the local currency to...

08.12.2025 40

Shahid Iqbal

Non-bank financial institution growth fades as banks pull funds

KARACHI: The impressive growth of non-bank financial institutions (NBFIs), hailed by the State Bank of Pakistan (SBP) in 2024, has quickly unravelled...

06.12.2025 10

Shahid Iqbal

Saudi Arabia rolls over $3bn deposit for another year

The State Bank of Pakistan (SBP) said on Thursday that Saudi Arabia has agreed to extend the $3 billion deposit held with the bank for another year....

05.12.2025 10

Shahid Iqbal

Credit to private sector hits three-year high

KARACHI: Credit to the private sector was at a three-year high in the first five months of the current fiscal year, but bankers said the money was not...

04.12.2025 10

Shahid Iqbal

SBP limits cash dollar transactions

• Makes account-to-account transfer mandatory for dollar deposits • Individuals no longer allowed to buy cash dollars from open market KARACHI:...

17.11.2025 10

Shahid Iqbal

SBP launches portal for digital investment in govt papers

KARACHI: The State Bank of Pakistan (SBP) on Thursday launched a new digital platform, opening another channel for individuals and corporates to...

08.11.2025 30

Shahid Iqbal

Gold’s surge erodes dollar’s shine

KARACHI: The relentless surge in global gold prices has weakened confidence in the US dollar, long considered the world’s safest reserve currency,...

04.11.2025 10

Shahid Iqbal

Steady growth in reserves strengthens rupee outlook

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves continued to grow gradually in recent weeks, maintaining stability in the...

01.11.2025 20

Shahid Iqbal

Iron, steel imports surge as State Bank relaxes curbs

KARACHI: Pakistan’s iron and steel scrap imports rose to their highest level since 2021, indicating a shift in the government’s import policy,...

27.10.2025 10

Shahid Iqbal

Foreigners show interest in T-bills Pakistan

KARACHI: Foreign investors have shifted their focus towards government treasury bills, investing $138.4 million in the first 17 days of October,...

26.10.2025 40

Shahid Iqbal

Foreign firms repatriate $752m in July-September

KARACHI: Repatriation of profits and dividends on foreign investments rose by 86 per cent in the first quarter of the current fiscal year (FY26),...

24.10.2025 20

Shahid Iqbal

Foreign currency sales decline amid market constraints

KARACHI: Foreign exchange companies sold $646 million to banks during the first quarter of FY26, down from $750m in the same period last year,...

10.10.2025 20

Shahid Iqbal

Exporters sell dollars in forward market to hedge against exchange rate risks

KARACHI: Exporters are increasingly selling dollars in the forward market to hedge against risks associated with a managed exchange rate, currency...

07.10.2025 20

Shahid Iqbal

Interest-free loan scheme for e-bikes, rickshaws

KARACHI: The federal government has launched a cost-sharing, interest-free loan scheme for electric bikes, rickshaws, and loaders to promote energy...

01.10.2025 20

Shahid Iqbal

SBP slows dollar buying to ease market pressure

KARACHI: Currency dealers say the State Bank of Pakistan (SBP) has slowed down its dollar purchases from the interbank market in an apparent effort to...

27.09.2025 10

Shahid Iqbal

Loan scheme for affordable housing

KARACHI: The federal government has introduced a subsidised housing financing scheme aimed at helping Pakistanis from middle and lower-income groups...

26.09.2025 10

Shahid Iqbal

Pakistan poised to meet IMF targets ahead of 2nd review: report

KARACHI: Pakistan is expected to meet all seven Quantitative Performance Criteria (QPC) set by the International Monetary Fund (IMF) ahead of the...

22.09.2025 60

Shahid Iqbal

Repatriation of profit doubles in July-August

KARACHI: Profit and dividend repatriation on foreign investments in Pakistan more than doubled year-on-year in the first two months of the current...

21.09.2025 10

Shahid Iqbal

Current account gap narrows to $245m

KARACHI: Pakistan’s current account deficit (CAD) for August stood at $245 million, a slight improvement compared to the previous month’s deficit...

20.09.2025 10

Shahid Iqbal

Government raises Rs200bn out of Rs1tr bids

KARACHI: The government exceeded its borrowing target in the treasury bills (T-bills) auction held on Wednesday, raising Rs201.8 billion against...

19.09.2025 10

Shahid Iqbal

Shabbar Zaidi warns crypto could serve as hawala alternative

KARACHI: Pakistan cannot regulate cryptocurrencies within its current financial system, as the State Bank tightly manages foreign exchange, but...

15.09.2025 20

Shahid Iqbal

SBP poised to maintain policy rate at 11pc

KARACHI: The State Bank of Pakistan (SBP) is expected to maintain the current interest rate at 11 per cent in its upcoming monetary policy...

14.09.2025 20

Shahid Iqbal

Debt surges by Rs9tr in one year

KARACHI: Pakistan’s total government debt has increased by Rs9 trillion in just one year up to June 2025, with domestic debt representing the...

11.09.2025 20

Shahid Iqbal

Remittances stay strong despite incentives cut

KARACHI: Remittances sent by overseas Pakistanis have remained robust despite the rationalisation of incentives for banks and exchange companies....

10.09.2025 20

Shahid Iqbal

Govt faces setback as foreign funds exit bonds

KARACHI: Foreign investment in domestic bonds has recorded net outflows during the first two months of the current fiscal year, despite moderate...

07.09.2025 40

Shahid Iqbal

Govt raises Rs515bn as banks overbid

KARACHI: The government surpassed its target in Wednesday’s treasury bill auction, raising Rs515.2bn, with banks offering more than three times the...

05.09.2025 20

Shahid Iqbal

SBP chief sees GDP expanding 3.25-4.25pc

KARACHI: The State Bank of Pakistan (SBP) has projected GDP growth between 3.25 and 4.25 per cent for FY26, based on improved macroeconomic...

04.09.2025 20

Shahid Iqbal

Govt to raise Rs4.8tr via T-bills, bonds auction

KARACHI: The government plans to borrow approximately Rs4.8 trillion through banks and capital markets during the September-November period to...

03.09.2025 20

Shahid Iqbal

Dollar shortage strains rupee’s ‘artificial’ strength

KARACHI: The Pakistani rupee is under increasing pressure as demand for dollars rises, while exchange companies are struggling with a severe shortage...

01.09.2025 10

Shahid Iqbal

50pc decline in dollar sales reported amid concerns of re-emerging illegal forex market

KARACHI: Currency dealers in the banking market have reported a sharp 50 per cent decline in dollar sales by money changers this month, amid concerns...

25.08.2025 20

Shahid Iqbal

Banking transactions delayed due to rains

KARACHI: Thousands of banking transactions, valued in the hundreds of millions, were delayed or stuck due to power outages caused by heavy rains...

25.08.2025 10

Shahid Iqbal

Illegal forex market may hit exchange rate stability

KARACHI: Currency dealers in the banking market have reported a sharp 50 per cent decline in dollar sales by money changers this month, amid concerns...

25.08.2025 10

Shahid Iqbal

Govt raises Rs1.3tr, no rate cut in sight

KARACHI: Liquidity was in pursuit of investment opportunities as banks and the corporate sector collectively invested Rs1.385 trillion in Treasury...

22.08.2025 50

Shahid Iqbal

Low savings hamper growth: SBP chief

• Governor calls for deeper capital markets as savings ratio slumps to 7.4pc of GDP • Private and public investments fall KARACHI: Pakistan’s...

20.08.2025 20

Shahid Iqbal

Investments in T-bills dip as sentiment weakens

KARACHI: Foreign investors dumped government treasury bills (T-bills) worth $49 million in July, the first month of FY26, while fresh inflows shrank...

18.08.2025 10

Shahid Iqbal

SBP calls for reforms to sustain growth

KARACHI: The State Bank of Pakistan (SBP) has called for wide-ranging structural reforms to place the economy on a path of higher, sustainable and...

15.08.2025 20

Shahid Iqbal

Pakistan picks Japanese company for digital currency rollout

KARACHI: The State Bank of Pakistan (SBP) has reportedly selected a Japanese firm to develop a central bank digital currency (CBDC), following the...

14.08.2025 20

Shahid Iqbal

SME defaults rise despite SBP push for digitalisation

KARACHI: The default rate in the small and medium enterprises (SME) sector continued to rise during the third quarter of FY25, despite various...

13.08.2025 20

Shahid Iqbal

Smuggled goods, high energy costs cripple economy

KARACHI: The recent reduction in the State Bank of Pakistan’s policy rate to 11 per cent, nearly half of what it was in July 2024, has failed to...

11.08.2025 40

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Banks’ massive Rs1.5tr lending fuels economy

Shahid Iqbal

Royalties, franchise fees capped at $250,000

Shahid Iqbal

Brokers suffer losses as Karachi Cotton Exchange building remains shut

Shahid Iqbal

Digital asset drive gathers pace as central bank engages PVARA

Shahid Iqbal

Karachi Cotton Association withdraws plea against building ‘takeover’

Shahid Iqbal

Current account turns positive in November with $100m surplus

Shahid Iqbal

Investment-to-GDP ratio may fall below 13pc

Shahid Iqbal

No rate cut seen as IMF wants tight liquidity

Shahid Iqbal

1Link-style system urged to plug dollar leakages

Shahid Iqbal

$119m withdrawn from T-bills in Nov

Shahid Iqbal

Remittances rise 9.4pc in November

Shahid Iqbal

Rupee expected to break Rs280 barrier against US dollar by December end

Shahid Iqbal

Non-bank financial institution growth fades as banks pull funds

Shahid Iqbal

Saudi Arabia rolls over $3bn deposit for another year

Shahid Iqbal

Credit to private sector hits three-year high

Shahid Iqbal

SBP limits cash dollar transactions

Shahid Iqbal

SBP launches portal for digital investment in govt papers

Shahid Iqbal

Gold’s surge erodes dollar’s shine

Shahid Iqbal

Steady growth in reserves strengthens rupee outlook

Shahid Iqbal

Iron, steel imports surge as State Bank relaxes curbs

Shahid Iqbal

Foreigners show interest in T-bills Pakistan

Shahid Iqbal

Foreign firms repatriate $752m in July-September

Shahid Iqbal

Foreign currency sales decline amid market constraints

Shahid Iqbal

Exporters sell dollars in forward market to hedge against exchange rate risks

Shahid Iqbal

Interest-free loan scheme for e-bikes, rickshaws

Shahid Iqbal

SBP slows dollar buying to ease market pressure

Shahid Iqbal

Loan scheme for affordable housing

Shahid Iqbal

Pakistan poised to meet IMF targets ahead of 2nd review: report

Shahid Iqbal

Repatriation of profit doubles in July-August

Shahid Iqbal

Current account gap narrows to $245m

Shahid Iqbal

Government raises Rs200bn out of Rs1tr bids

Shahid Iqbal

Shabbar Zaidi warns crypto could serve as hawala alternative

Shahid Iqbal

SBP poised to maintain policy rate at 11pc

Shahid Iqbal

Debt surges by Rs9tr in one year

Shahid Iqbal

Remittances stay strong despite incentives cut

Shahid Iqbal

Govt faces setback as foreign funds exit bonds

Shahid Iqbal

Govt raises Rs515bn as banks overbid

Shahid Iqbal

SBP chief sees GDP expanding 3.25-4.25pc

Shahid Iqbal

Govt to raise Rs4.8tr via T-bills, bonds auction