foreign

Govt working on encouraging legal inflow of remittances

Govt working on encouraging legal inflow of remittances

November 28, 2019

ISLAMABAD: In order to attract an increased amount of foreign remittances via legal channels, the economic team of Prime Minister Imran Khan apprised him of the contents of a proposed incentives package. It was suggested that additional incentives for banks and exchange companies should be drawn up and offered to[...]
High interest rate attracts $1bn foreign investment

High interest rate attracts $1bn foreign investment

November 26, 2019

ISLAMABAD: The State Bank of Pakistan’s (SBP) decision to keep the interest rate unchanged at 13.25% in its bimonthly monetary policy has helped maintain the inflow of foreign investment, with the purchase of debt instruments exceeding $1 billion. According to the central bank’s data, the high-yielding, short-term treasury bills are[...]