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April 30, 2025

Pakistan’s current account to stay in surplus through FY25, says FM Aurangzeb

Listen to the article Pakistan’s crazy account is expected to remain in a surplus throughout the financial year 2024-25, Finance Minister Muhammad Aurangzeb said, slightly from the more careful promotion of the central bank. Speaking in a seminar before the budget hosted by the Pakistani Commerce and Industry Federation (FPCCI) in Karachi, Aurangzeb said the government’s prospects remain optimistic despite the Pakistani state bank (SBP). He added that the country’s tax index is expected to increase to 10.6% of this use, with plans to further increase 13.5% over the next three years through ongoing tax reforms. “This will be the

August 23, 2024

News Desk

Business

Banks offer financing below KIBOR

KARACHI: Several banks are offering fresh funding to businesses at rates below the Karachi Interbank Offered Rate (KIBOR) as the key six-month KIBOR – which represents the rate at which banks lend to each other – fell 63 basis points to a 19-month low 17.94% on Thursday. Speaking to The Express Tribune, Saad Hanif, Head of Research at Ismail Iqbal Securities, explained that the fall in KIBOR, coupled with the supply of new credit to the private sector below the benchmark rate, is creating monetary easing. This shift enables capital-intensive industries such as cement, steel and other construction sectors to

January 7, 2024

News Desk

Business

SBP gives Rs 1.25 tr to meet funding needs of banks

KARACHI: Pakistan’s central bank has injected 1.25 trillion rupees into conventional and Shariah-compliant banks for up to 28 days, apparently in an effort to overcome a shortage of funds and meet funding demand from the cash-strapped government . Meanwhile, the Karachi Interbank Rate (Kibor) – the benchmark six-month rate at which banks lend money to each other – fell more than three percentage points to 21.38% on Friday from a recent high of 24.70 %. The fall in Kibor suggests that the government’s reliance on bank borrowing may be significantly reduced, as it borrows mainly to cover the interest costs

Pakistan’s current account to stay in surplus through FY25, says FM Aurangzeb

Banks offer financing below KIBOR

SBP gives Rs 1.25 tr to meet funding needs of banks

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea