The World Bank has painted a bleak economic outlook for Pakistan for the fiscal year 2023, with several factors contributing to the expected slow growth of only 0.4 percent.
(more…)Author: Faisal Shahnawaz
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State Bank issues floor, ceiling rates under interest rate corridor
State Bank of Pakistan (SBP) on Tuesday issued floor and ceiling rates under the interest rate corridor after the announcement of monetary policy.
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Karachi Interbank Offered Rates KIBOR – April 04, 2023
KARACHI: State Bank of Pakistan (SBP) on Tuesday issued the Karachi Interbank Offered Rates (KIBOR) as on April 04, 2023.
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SBP raises benchmark rate to 21% amid inflationary concerns
During its meeting on Tuesday, the Monetary Policy Committee (MPC) announced to raise the benchmark policy rate by 100 basis points to 21 percent.
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Stocks end down by 203 points on lackluster participation
Pakistan stocks ended down by 203 points on Tuesday due to lackluster participation of investors fearing hike in interest rate and rising political noise.
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Rupee crashes to historic low at PKR 287.29 against dollar
On Tuesday, the Pakistani Rupee (PKR) hit a historic low of PKR 287.29 to the US dollar in the interbank foreign exchange market.
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SBP’s weighted average customer exchange rates on April 04, 2023
KARACHI: The State Bank of Pakistan (SBP) on Tuesday issued foreign exchange rates for April 04, 2023.
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Rupee hits all time low at PKR 288 against dollar in mid-day interbank trading
In mid-day interbank trading, the Pakistani Rupee (PKR) on Tuesday experienced an all-time low against the US Dollar. The local currency closed at PKR 288 against dollar.
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Retail petroleum prices in Pakistan for 1st fortnight of April
Pakistan State Oil (PSO) has issued retail prices of petroleum products for first fortnight of April 2023 i.e. from April 01 to April 15.
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Dogecoin surge against PKR following Twitter logo change
The value of Dogecoin surged against Pakistani Rupee (PKR) following the change in Twitter’s logo from the bird’s symbol to Doge symbol.
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