Bank borrowing by Private sector in Pakistan has plunged by over 77 per cent during eight and half months of the current fiscal year when compared with the same period of the last fiscal year.
(more…)Author: Faisal Shahnawaz
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Banks to observe extended banking hours for tax collection on March 30-31
To facilitate tax collection, banks in Pakistan have been instructed to observe extended banking hours on March 30 and 31, 2023.
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SBP may increase policy rate by another 200 bps to 22%: Poll
State Bank of Pakistan (SBP) may increase the benchmark policy rate by 200 basis points to 22 per cent in monetary policy statement scheduled on April 04, 2023.
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Karachi Interbank Offered Rates KIBOR – March 29, 2023
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the Karachi Interbank Offered Rates (KIBOR) as on March 29, 2023.
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Pakistan stocks fall 202 points as IMF program delay haunts investors
KARACHI: The Pakistan Stock Exchange (PSX) witnessed a downturn on Wednesday, with the benchmark KSE-100 index shedding 202 points as investors’ sentiments soured due to a delay in the International Monetary Fund (IMF) loan program.
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PKR weakens by 37 paisas against dollar in interbank
On March 29, 2023, Pakistani rupee (PKR) ended with a decline of 37 paisas against the US dollar in interbank foreign exchange market.
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SBP’s weighted average customer exchange rates on March 29, 2023
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued foreign exchange rates for March 29, 2023.
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Hyundai Pakistan raises car prices up to 14% in March
KARACHI: Hyundai Nishat Motors – manufacturer of Hyundai cars in Pakistan – raised the car prices up to 14 per cent in March 2023.
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PSX suggests aligning CGT on disposal of securities, immovable properties
Pakistan Stock Exchange (PSX) in its proposals for budget 2023-2024 suggested to align rates of capital gains tax on disposal of listed securities with the rates of CGT on sale of immovable property.
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Bitcoin rates in PKR and USD on March 29, 2023
KARACHI: The exchange rate of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) on March 29, 2023.
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