finance

SBP data indicates enhanced foreign investment in T-bills

SBP data indicates enhanced foreign investment in T-bills

November 17, 2019

KARACHI: Recent data released by the State Bank of Pakistan (SBP) pointed to a record increase of foreign investment in treasury bills (T-bills) as it reached a new high of $712.8 million in the first four months of the current fiscal year. The government-backed securities have seemingly gained attraction for[...]
ECC raises wheat support price after 5 years

ECC raises wheat support price after 5 years

November 14, 2019

ISLAMABAD: The minimum support price of wheat has been increased by the Economic Coordination Committee (ECC) to help safeguard the interest of growers and ensure food security for the consumers, raising the rate from Rs1,300 to Rs1,350 per 40 kg. The revision took place after participants of the ECC meeting,[...]
Pakistan set to receive $450mn loan tranche from IMF

Pakistan set to receive $450mn loan tranche from IMF

November 11, 2019

ISLAMABAD: The International Monetary Fund (IMF) mission’s 12-day visit to Pakistan ended on a positive note as it announced it would release the first tranche of its $6 billion financial assistance programme to the country. According to a statement, all performance criteria for September-end were met with comfortable margins despite[...]