The State Bank of Pakistan’s provision of Rs 1,858 billion to conventional banks and Rs 161 billion to Islamic banks reflects a proactive approach to liquidity management amid a challenging economic environment.
Category: Business
Dollar Continues to Decline Against the Rupee, Drops by 7 Paise in Interbank Market
While the future remains uncertain, the current efforts to stabilize the rupee and strengthen the economy appear to be paying off. As Pakistan moves forward, it will be crucial to maintain these reforms
US Federal reserve cuts key Interest rate by half a percentage point ahead of presidential election.
Rewritten Content:The US Federal Reserve made its first interest rate cut in over four years on Wednesday, lowering the key lending rate by half a […]
IMF to Review Pakistan’s $7 Billion Loan Program on September 25 Amid Financial Assurances
The upcoming IMF meeting on September 25, 2024, marks a pivotal moment for Pakistan’s economic future. With all necessary financial assurances in place, the country is poised to receive
Stock Market Gains 529 Points on First Day of Business Week, Dollar Depreciates in Interbank
Moving forward, it will be crucial for the government and monetary authorities to maintain this momentum, balancing foreign exchange rates while ensuring that the stock market continues to attract both local and international investments.
Economic Recovery in Progress, But Mini-Budget Likely, Says Ali Pervaiz Malik
While Pakistan’s economic outlook seems to be stabilizing, Ali Pervaiz Malik’s acknowledgment of the potential mini-budget indicates that challenges still lie ahead. With IMF-driven fiscal policies
PIA Privatization: Bidders Propose New Investment Strategies Amid Government Negotiations
The privatization of PIA is at a critical juncture, with both the government and potential buyers working to find common ground. The bidders’ proposals to reinvest the bid amount
Oil prices hold at 14-month low amid US and china demand concerns and Increased libyan supply.
Oil prices remained at a 14-month low on Thursday, as concerns over weak demand in the US and China, along with potential supply increases from […]
FBR Set to Hike Property Prices in 42 Major Cities to Boost Revenue
The FBR’s decision to raise property prices in 42 major cities is a significant move aimed at increasing tax revenue and addressing long-standing issues of undervaluation in the real estate sector.