Business
SBP increases policy rate by 100 bps to 13.25 pc
Karachi, July 16, 2019: The Monetary Policy Committee (MPC) decided to raise the policy rate by 100 bps to 13.25 percent with effect from 17th July 2019. The decision takes into account upside inflationary pressures from exchange rate depreciation since the last MPC meeting on 20th May 2019 and the likely increase in near term…
stock remains decline by 750pts
Karachi, July 15, 2019: Pakistan Stock Exchange saw a significant decline of ~750 points during the session that is caused by uncertainty on monetary policy. As per revised schedule, SBP is set to announce monetary policy tomorrow, where consensus estimate is for a hike of 100bps. An interest rate hike in line with expectation will increase…
JS bank successfully lists Rs. 2.5 billion term finance certificate
Karachi, July 15, 2019: Striving for growth and innovation since its inception on December 30, 2006, JS Bank has established itself as a leading financial sector institution within Pakistan. Its journey over the past twelve years has been one of the challenges, opportunities and the ever-greater success resulting in the Bank becoming the 13th largest bank in the…
Weekly inflation up 1.35 pc
Islamabad, July 15, 2019: The weekly inflation for the week ended on July 11, for the combined income group, witnessed an increase of 1.35 percent as compared to the previous week. The Sensitive Price Indicator (SPI) for the week under review in the combined group was recorded at 263.13 points against 259.63 points registered in…
Services trade deficit contracts over 28.22pc
Islamabad, July 15, 2019: The country’s services trade deficit narrowed by 28.22 per cent during the first eleven months of the current fiscal year compared to the corresponding period of last year. The services trade deficit during July-May (2018-19) was recorded at US$3.944 billion against the deficit of US$ 5.496 billion during July-May (2017-18), showing…