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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SBP Allows Reimbursement Charges to Banks Against Donations to Dam Fund
The State Bank of Pakistan (SBP) allows reimbursement charges to cover donations and contributions made by overseas Pakistanis for the ‘Prime Minister and Chief Justice of Pakistan Fund for Diamer Bhasha and Mohmand Dam.’
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Foreign Direct Investment Falls By 19.2pc in July-December
The State Bank of Pakistan (SBP) has reported a significant decrease in the inflow of Foreign Direct Investment (FDI) into Pakistan during the first half of the current fiscal year, signaling a challenging economic environment.
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SBP launches campaign for National Financial Literary Program on January 15
KARACHI – The State Bank of Pakistan (SBP) announced on Monday the launch of a comprehensive mass media campaign to raise awareness and promote the National Financial Literacy Program (NFLP), which aims to enhance financial education and empower individuals across the country.
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