SBP injects Rs35.5b into money market
SBP on Friday injected Rs35.5 billion into money market for seven days as reverse repo purchase through its open market operation.
SBP may increase 50bps to 7 per cent discount rate, analysts suggest
Market analysts expect a hike of further 200bps in 2nd half of 2018, which will take SBP’s policy rate to 8.5 per cent by December 2018
Slow internet services in Gwadar thwarting China’s aspirations: Report
The customs authority online system in Gwadar is plagued by delays due to slow internet connectivity said Jamaldini
Apple launches $300 million clean energy fund in China
The investment from the iPhone maker, which will be made along with 10 suppliers including Pegatron Corp and Wistron Corp over a four-year period, also comes as the United States and China lock horns over trade
China’s record trade surplus with U.S. risks further inflaming trade tensions
China’s trade surplus with the United States, which is at the centre of the tariff tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to calculations based on official data going back to 2008
Dollar-denominated bond investors seek govt permission to trade them at PSX
Security Exchange Commission of Pakistan (SECP) permission is necessary for listing the bonds at the stock exchange
Pak-China fibre optic cable set for opening today
The projects total cost is projected at $44 million and 85 percent of the loan has been provided by Exim Bank of China at a discounted rate
Railway project progress under CPEC discussed between Pakistan, China
A delegation of Chinese consortium in terms of Framework Agreement called on Ministry of Railways Chairman Muhammad Javed Anwar in Islamabad on Thursday and discussed progress on ML-I (Karachi-Peshawar) project.
Finance Ministry to provide ‘real picture’ of public debt: Shamshad
Dr Shamshad said public debt mainly increased due to fiscal deficit, IMF loan, balance of payments requirements and rupee depreciation against the dollar.
Pakistan’s foreign reserves fall by $309m to $9480m
Foreign exchange reserves held by SBP decreased by $309 million to $9,480 million due to external debt and other official payments, SBP noted.
Election 2018: Political parties release specific plans for CPEC
ISLAMABAD: With the General Election 2018 around the corner, almost all major political parties have come up with their respective election manifestos...
SECP approves PICIC Investment, Growth Fund conversion into open-end funds
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund and PICIC Growth Fund being...
Pakistani banks urged to comply with EU’s GDPR rules, ensure cyber safety
KARACHI: Pakistani banks need to operate in compliance with the European Union's (EU) new personal data protection rules, as ignorance may lead...
SBP tightens access to foreign exchange as dollar reserves drop
Pakistan’s central bank has increased the amount of red tape needed to access dollars
SBP governor to unveil monetary policy decision on Saturday
State Bank of Pakistan (SBP) Governor Tariq Bajwa will unveil the Monetary Policy Decision at a press conference on Saturday, July 14, 2018.