The government has increased the profit rate on several national savings certificates and schemes by 48 to 100 basis points. It has revised the profit rate upwards to absorb the benefit of a boost in its income from Pakistan Investment Bonds (PIBs). The rate of return on Regular Income ...

Pakistan’s widening trade balance has put the Rupee under immense pressure as energy and commodity prices continue to surge, reported Bloomberg link . Since Pakistan meets most of its fuel needs through imports, energy costs soared to $13 billion during July-February 2021-22, more than double ...

The foreign exchange reserves of the State Bank of Pakistan (SBP) have once again touched the $13 billion mark. According to the data released by the SBP, the central bank received inflows of $38 million in the week ending on March 5. With the addition of the inflows, the reserves of the central ...

Pakistan Investment Bonds (PIBs) attracted over $12.7 million foreign investment in the first week of this month following the recent increase in the cut-off yields. The State Bank of Pakistan (SBP) data shows that the entire amount of $12.7 million invested in PIBs came from the United States. ...

Pakistani banks report strong 2020 profit growth despite pandemic and rising provisions, says Moody’s Investors Services. Moody’s in its latest report on Pakistan stated that as of 22 February, three of Pakistan’s large banks had reported their 2020 results, with MCB Bank Limited (B3 ...

BMA Capital Management Limited, a brokerage house has released a report on Pakistan’s Investment Strategy for 2021 and has made some exciting predictions regarding the Pakistan Stock Exchange. BMA Capital says that KSE-100 is likely to touch 55,000 points by December 2021. Here are two main ...

In the last five months, foreign investors have withdrawn $471.7 million from Pakistan’s debt market owing to reduced policy rates introduced by the State Bank of Pakistan (SBP) and the second wave of Corona, that seems to be worse than the first one, according to the ...

ISLAMABAD-The Central Directorate of National Savings (CDNS) has achieved a collection net target of Rs 375 billion in the current fiscal year by June 25.CDNS has set Rs 352 billion annual collection target for the year 2019-20 as compared to Rs 350 billion for the previous year's 2018-19 to ...

ISLAMABAD - In positive economic development, $3.4 billions injected into Pakistani economy as foreign investment. The net foreign investment inflows have witnessed a staggering growth surging to $3.425 billion during the seven months of the financial year 2019-20 increasing by 541%, according to ...

KARACHI: Pakistan Investment Bonds generate over Rs 59 billions for State Bank of Pakistan. The State Bank of Pakistan (SBP) has raised Rs59.4 billion through the sale of Pakistan Investment Bonds (PIBs). SBP data showed that the cut-off yields for all tenors increased, reflecting the much higher ...