KARACHI: The State Bank of Pakistan (SBP) said that latest estimates for cotton crop reveal a worrying picture, as the total production in FY19 is estimated at 10.8 million bales, a decrease of 9.2 percent over the last year’s production level, and trailing 24.3 percent behind the targeted level of 14.4 million bales for the year.
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US-China trade tensions: Opportunities, challenges for Pakistan
KARACHI: The State Bank of Pakistan (SBP) in its report on Tuesday highlighted opportunities and challenges for Pakistan in ongoing tensions between the US and China, which have contributed to big swings in key commodity prices and has added uncertainty to the global trade dynamics.
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Unreported gains find way to country’s property market: State Bank
KARACHI: A significant share of the unreported gains finds its way to the country’s property market, which is characterized by low regulatory oversight and absence of concrete know-your-customer requirements, State Bank of Pakistan (SBP) said on Tuesday in a report.
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SBP stresses urgent need to initiate structural reform in economy
KARACHI: The State Bank of Pakistan (SBP) highlighted the critical need for immediate structural reforms in the country’s economy in its report on the State of Pakistan’s Economy for the first quarter of Fiscal Year 2018/2019, released on Tuesday.
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Repatriation of profit, dividend by foreign companies in Pakistan surges by 58 percent
The State Bank of Pakistan (SBP) has reported a substantial increase of 58 percent in the repatriation of profits and dividends by foreign companies operating in Pakistan during the first half of the current fiscal year.
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SBP’s forex reserves deplete by $265 million
SBP’s forex reserves have depleted by $265 million to reach $6.636 billion, according to official data released on Thursday.
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Salary persons’ bank deposits surge by 17.26pc to Rs1,569 billion
KARACHI – Bank deposits from salaried individuals have seen a substantial increase of 17.26 percent, reaching an impressive sum of Rs1,569 billion by December 31, 2018, as compared to Rs1,338 billion during the same period the previous year.
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Current account deficit narrows by 4.43pc to $7.98bn in first half
The current account deficit (CAD) has significantly narrowed by 4.43 percent during the first half of the current fiscal year.
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SBP’s reserves fall below $7 billion
KARACHI: Pakistan’s State Bank of Pakistan (SBP) has reported a decline in its official foreign exchange reserves, which have fallen below $7 billion, according to an official statement released on Thursday.
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