Zamir Sheikh

  • TKARACHI - The State Bank of Pakistan in its Quarterly Performance Review said that banking sector’s asset base has expanded marginally during Q3CY17, though, on YoY basis, the growth has been quite robust (16.0 percent). Financing has observed a minor dip over the quarter in line with the ...

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  • TKARACHI -  The State Bank of Pakistan announced the monetary policy on Friday, leaving the key interest rate unchanged at 5.75 percent for the next two months. The Monetary Policy Statement said the current account deficit widened to $5.0 billion during July-Oct FY18 as compared to $2.3 ...

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  • TKARACHI - The State Bank of Pakistan (SBP) in its Annual Performance Report (APR) for FY2016-17 has said that during FY17, banks have surpassed the agricultural credit disbursement target of Rs700 billion set by Agricultural Credit Advisory Committee (ACAC) for the year. Agricultural Lending banks ...

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  • TKARACHI - Prime Minister Shahid Khaqan Abbasi Saturday said no progress was possible without democracy while dictators always failed to deliver while their rule damaged the country. Addressing the inauguration ceremony of the country’s first coal, clinker and cement terminal at Port Qasim ...

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  • TKARACHI -  State Bank of Pakistan Thursday said that with the increase in domestic demand, imports also picked up pace. This, together with decline in exports and remittances, resulted in current account deficit increasing to $12.1 billion in FY17 compared to $4.6 billion in FY16. The SBP, in ...

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  • TKARACHI - The CPEC is future of Pakistani people and there will never be any compromise on it, Army Chief General Qamar Javed Bajwa said on Wednesday about the China-financed mega initiative that is central to country’s long-term economic and region plans. “This [China Pakistan Economic ...

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  • TKARACHI - The State Bank of Pakistan announced the monetary policy on Friday, leaving the key interest rate unchanged at 5.75 percent for the next two months. The monetary policy statement said macroeconomic environment remains conducive to growth without impacting headline inflation. Favorable ...

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  • TKARACHI -  State Bank of Pakistan, in its Quarterly Performance Review (QPR) of the banking sector, has said the gross advances (domestic) to private sector have increased by 6.1 percent in comparison to 4.0 percent growth recorded in the corresponding period of last year. The Quarterly ...

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  • TKARACHI: Pakistan Stock Exchange (PSX) witnessed volatility right before and after the Panamagate verdict, with the benchmark KSE-100 Index plunging sharply twice before inviting support from investors to close nearly flat for the third consecutive session. After falling 719 points in the first ...

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