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
The Habib Bank Limited (HBL), being the largest in the sector, can be categorised as a proxy for exposure on Pakistan’s economy. An external account crisis such as currency depreciation, rising current account deficit warranted action by the authorities to put brakes on growth and increasing discount rate. Analysts expect the HBL’s stock to perform … Read more
KARACHI: The government will raise Rs4.7 trillion for budget financing through the sale of treasury bills during the first three months of 2022. According to the auction targets for the next three months (January-March 2022) issued by the State Bank of Pakistan (SBP) on Wednesday, the government would auction the Market Treasury Bills (MTBs) worth … Read more
ISLAMABAD: The federal government has asked the State Bank of Pakistan (SBP) to divest its entire shareholding in House Building Finance Company (HBFC), which will pave the way for the housing finance company’s privatisation, officials say. According to the Finance Division, HBFC is a public limited company in which the government held 62.50% shares while the … Read more
