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Monthly Archives: July, 2020

Foreign Reserves Crossed $18.8 Billion

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SBP announced on Thursday that Pakistan's total foreign-exchange liquid reserves crossed $18 billion mark at the end of the last week. The total liquid foreign exchange...

Banks Informed Not to Accept Institutional Investment in Saving Schemes

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State Bank of Pakistan (SBP) directed banks on Thursday about restrictions placed on institutional investments in savings schemes. The central bank said the National Savings Central Directorate...

Pakistan Denim Manufacturers are Hopeful about Recovery

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The coronavirus has badly affected the majority of industries in every country. However, the textile industry is among the most hard-hit sectors in Pakistan. Tricia Carey, Lenzing’s...

Gold prices hit record high of Rs109,100 per tola

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Gold hit a new record high of Rs109,100 per tola (11.66 grams) in Pakistan on Thursday, as the global commodity maintained uptrend along with...

SBP Diminishes Markup Rate to 5% for Refinance Schemes

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The State Bank of Pakistan (SBP) reduces markup rates to 5 per cent on investment refinancing schemes and implements further reforms aimed at facilitating the Covid-19...

Pakistan, China Border May be Opened from 15th July

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The border between Pakistan and China is expected to open from July 15, following necessary arrangements in the wake of Covid-19. As per the Ministry of Commerce sources,...

SBP Extends Deferment of Principal Amount of Loans till Sept 30

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In the wake of Covid-19, the State Bank of Pakistan (SBP) extended the deferment of the principal amount of loans facility for the next three months...

Trade Deficit Shrank to $23.18 Billion in 2019-20

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In the fiscal year 2019-20, Pakistan's trade deficit shrank from $31.8 billion in 2018-19 to $23.18 billion, showing a 27% fall in the trade balance. As per...

As Interest Rates Increase in FY20, Money Poured into Government Securities: SBP Data

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Bank deposits increased by 12 per cent year-on-year, while their total investments, particularly in government securities increased by 40% during the fiscal year, the State Bank...

Pakistani Banks Are Handling Loans Better Than Kenya & Nigeria

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Pakistan’s bank loan recoveries due to the economic slowdown are better than many countries as merely 1.3% of total bank loans or Rs. 113...
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