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Aurangzeb reaffirms govt’s commitment to supporting insurance sector

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Aurangzeb

ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb reaffirmed government’s commitment to supporting the insurance sector, recognizing its potential for significant private sector investment. During a meeting with a delegation of chief executive officers from Pakistan’s leading insurance companies, the minister said government wanted to diversify lending beyond the banking sector, urging the insurance industry … Read more

HBL’s earnings likely at 3-year CAGR of 9.5%

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hbl

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

Govt to raise Rs4.7 trillion through T-bills auction in three months

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T-bills

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

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