The total injections, which included the usual money supply for the seven-day open market operation (injection) on Wednesday, were Rs2.07 trillion. On May 27, Rs1.82 trillion in long-term injections were made. In May 2022, the inflation rate hit a 28-month high of 13.76 percent. Inflation has already spiked 20% this week compared to the same … Read more
KARACHI: The liquid foreign exchange reserves of the country slipped $206 million to $22.669 billion by the week ended March 4, 2022, the State Bank of Pakistan (SBP) said on Thursday. The country’s foreign exchange reserves stood at $22.875 billion a week ago, i.e., February 25, 2022. The official forex reserves of the central bank … Read more
KARACHI: The earnings of the benchmark KSE-100 Index displayed a jump of 19.9 per cent on a year-on-year basis in December 2021 and 0.6 per cent on a quarter-on-quarter basis. The earnings growth was led by the highest weighted commercial banks sector amid interest rate hike and reversal in general provisioning made last year in … Read more
KARACHI: Pakistan’s liquid foreign exchange reserves slipped $231 million to $23.49 billion by the week ended February 11, 2022, official statistics revealed. The foreign exchange reserves of the country stood at $23.721 billion by the week ended February 4, 2022, according to the statistics released by the State Bank of Pakistan (SBP). The official foreign … Read more
KARACHI: Now the government will be forced to go for expensive borrowing from commercial banks for budget financing or any other need as a new controversial law has barred it from obtaining loans from the country’s own central bank. The amendment in the State Bank of Pakistan (SBP) Act, 1956, through the SBP (Amendment) Act, … Read more
KARACHI: The foreign exchange reserves of the country fell $118 million to $23.901 billion by the week ended January 7, 2022, the central bank reported on Thursday. The foreign exchange reserves of the country were $24.019 billion by the week ended December 31, 2021. The official foreign exchange reserves of the State Bank of Pakistan … Read more
KARACHI: The foreign exchange reserves of the country fell $275 million to $22.499 billion by the week ended November 26, 2021, the central bank reported. The foreign exchange reserves stood at $22.774 billion by the week ended November 19, 2021. The official forex reserves of the State Bank of Pakistan (SBP) fell $244 million to … Read more
BEIJING — China’s central bank on Thursday injected 10 billion yuan (about 1.57 billion U.S. dollars) into the financial system via reverse repos. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People’s Bank of China. The move aims to keep the liquidity in the banking system reasonably … Read more
CAIRO: Net foreign assets held by the Saudi Central Bank went down by a monthly rate of 3.3 per cent to reach SR1.63 trillion ($433 billion) in October, Arab News quoted newly released data by SAMA. The central bank’s net foreign assets declined by 2 per cent compared to last year’s October. Commercial banks’ net foreign assets … Read more
During the last week, foreign exchange reserves declined by 123 million and total reserves by 125.1 million due to repayments on external loans. According to the SBP, for the week ended September 3, the country’s foreign exchange reserves fell from 27.22 billion to 27.10 billion. Meanwhile, the reserves of the central bank fell from 20.14 … Read more
KARACHI: The liquid foreign exchange reserves of the country declined $103 million to $24.312 billion by the week ended July 9, 2021, the central bank reported on Thursday. The foreign exchange reserves of the country stood at $24.415 billion on July 2, 2021, it added. The official foreign exchange reserves of the State Bank of Pakistan … Read more
KARACHI: The government borrowed 16 per cent more from the commercial banks during the first 11 months (July-May) 2020/21, official statistics revealed. The government borrowing from commercial banks increased to Rs2.435 trillion during July-May 2020/21, compared with Rs2.1 trillion in the same period of the last fiscal year, the data released by the State Bank … Read more
