The government will borrow Rs3.5 trillion during the next three months to meet the increasing liquidity requirement. The State Bank’s calendar shows that the government will raise Rs3.475tr from Sept 4 to Nov 27 through treasury bills. However, this amount is less than the maturing amount of Rs4.594tr during the same period. Over the past several years, the government’s substantial borrowing
The Prime Minister’s Steering Committee for Gemstones approved a series of reforms on Tuesday to revitalise the sector, with a key decision to bring the industry under the Ministry of Industries. The meeting, chaired by Minister for Privatisation Abdul Aleem Khan, included stakeholders such as federal ministers, secretaries, senior officials and private sector representatives. They discussed
The State Bank’s Monetary Policy Committee (MPC) will convene tomorrow (Thursday) to decide on the country’s monetary policy, including the key interest rate, amid demands for a major rate cut. The committee “will meet on Thursday, Sept 12, 2024, to decide about the monetary policy. Later on, the SBP will issue the Monetary Policy Statement through a press release on the same day”, the central
Pakistan Stock Exchange (PSX) on Monday faced a downward trajectory amid volatile trading as the KSE-100 index dipped over 280 points, following a broad slump in global equities and political instability worries. In the morning, the index kicked off trading on a promising note, reaching its intra-day high of 79,214.27 points. However, the early optimism quickly vanished when the bourse reversed
Pakistani currency depreciated Rs0.13 and closed at Rs278.70 against the US dollar in the inter-bank market on Monday, partly reversing earlier gains owing to the uptick in demand for the greenback for oil imports. According to the State Bank of Pakistan (SBP) data, the rupee had closed up at Rs278.57 against the dollar on Friday. A leading analyst said the latest decrease in the currency ca