Erum Zadi

  • TKARACHI - Board of Directors Chairman of the National Bank of Pakistan Syed Ali Raza and NBP President Syed Qamar Hussain have resigned because of corruption charges, sources told TheNation on Saturday. Although no reason was given for their resignations, but the sources said they stepped down ...

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  • TKARACHI - Billions of dollars are flying out of Pakistan through unofficial channels and the government and the State Bank of Pakistan seem to have failed to control the trend, as many politicians, officials and money changers are allegedly involved in the illegality. Hawala and hundi are the major ...

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  • TKARACHI - The resignation of Shahid H. Kardar as Governor State Bank of Pakistan could signal trouble ahead for monetary policy outlook and economic growth of the country, according to economic and financial experts. This development would have negative repercussions for the capital and financial ...

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  • TKARACHI - The State Bank of Pakistan (SBP) has stated that the size of the fiscal deficit cannot be reduced unless the government controls excessive borrowing from the central bank, along with fully implementing fiscal reforms, according to State Banks Third Quarterly Report on the State of ...

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  • TKARACHI - Although all governments have been taking foreign loans to meet their requirements, the government of Prime Minister Syed Yousuf Raza Gilani set new records of getting loans during its first three years, official statistics show. At present, Pakistan owes $59.5 billion to various ...

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  • TKARACHI - The State Bank of Pakistan kept the key policy rate for the next two months unchanged at 14 percent on Saturday, but urged more fiscal discipline in order to put a check on inflationary pressures. After incorporating the improved external position SBP has decided to keep the policy rate ...

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  • TKARACHI - The State Bank of Pakistan (SBP) has said that Pakistans economy will continue to grow at a steady pace, facing a number of domestic and external challenges in the current fiscal year 2010-11. The State Bank of Pakistan published its report for the second quarter of FY11 on Friday. The ...

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  • TKARACHI - The State Bank of Pakistan (SBP) on Saturday kept the key policy rate for April-June unchanged at 14 percent on the heels of positive macroeconomic indicators such as restrained government borrowing and favourable external current account position, but warned that the overall state ...

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  • TKARACHI - Federal Finance Minister Dr Abdul Hafeez Shaikh has said that the government is mulling issuing $1-2 billion worth of bonds in the local and international capital markets with the aim to curb budget deficit and national debt. Talking to this scribe after launching the margin trading ...

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  • TKARACHI- The State Bank of Pakistan (SBP) on Saturday decided to keep its key policy rate unchanged at 14 per cent, fearing that the lack of any coherent strategy from the government to limit growing fiscal slippages could intensify the risk of higher domestic inflation in time to come. The move ...

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  • TKARACHI - In a situation when existing recovery laws in the country seem ineffective for the creditors/lenders in retrieving outstanding loans, which had been written off under different categories, from the publicly announced defaulters, the banking sectors experts have suggested some ways, which ...

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  • TKARACHI - The International Monetary Fund has expressed hope that the fifth review of Pakistans economic performance under the Stand-By Arrangement Programme would be accomplished before the end of June of the coming year. At that time, the Fund also expects to propose a set of performance ...

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  • TKARACHI - The inflow of foreign direct investments as percentage of GDP has remained low in Pakistan, compared with some of the emerging economies in the Asian region. FDI stocks decreased to 11 per cent of GDP in 2009 from 35 per cent of GDP in the previous year. This decline is caused by ...

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  • TKARACHI In the backdrop of widespread losses caused by the unprecedented rains and devastating floods to the economy in the early months of current fiscal year, the State Bank of Pakistan has predicted that the real GDP growth would be in the range of 2 to 3 per cent in FY11 against the annual ...

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  • TKARACHI - The State Bank of Pakistan on Wednesday decided to increase its monetary policy rate by 50 basis points to 13.5 percent for the period of October-November 2010. Resurging inflation led by supply constraints and heavy government borrowings on account of massive current outlays with an aim ...

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  • TKARACHI Pakistans economy is expected to continue with the mild recovery during the current fiscal year (2009-10) due to improved prospects of the real GDP growth with respect to the preceding year. This was predicted in the State Bank of Pakistans Second Quarterly Report on the State of the ...

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  • TKARACHI - Badly affected from political uncertainty, continued energy crisis and decrease in reinvested earnings by the investors in key economic sectors, the inflow of foreign direct investment into Pakistan has slumped to $1.175 billion in the first seven months (July-January) of current ...

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  • TKARACHI The State Bank of Pakistan has kept the policy rate unchanged at 12.5 per cent for the next two months (February-March) of current 2009-10 financial year due to expected persistence in inflationary pressures and to maintain trade-off between positive macroeconomic developments and ongoing ...

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  • TKARACHI The real gross domestic product (GDP) growth of the country is expected to achieve the annual projected target of 3.3 per cent in the current fiscal year 2009-10, due to an anticipated improvement in the industrial and services sectors, says SBP report. The State Bank of Pakistan on ...

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  • TKARACHI - In order to make Benazir Income Support Programme more transparent and easily accessible to the genuine beneficiaries, the federal government is conducting poverty census, which is set to be completed by the start of 2010. Advisior to Chief Minister Sindh Sharmila Faroqui said this while ...

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  • TKARACHI-The State Bank of Pakistan (SBP) has lowered its policy discount rate by 50 basis points to 12.5 per cent for the next two months of current financial year 2009-10. The new policy rate has been effective from today. The central bank while unveiling its November-December FY10 monetary policy ...

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  • TKARACHI Looking ahead for improved outlook of the domestic economy, the State Bank of Pakistan has projected 2.5 to 3.5 per cent GDP growth rate for the fiscal year, 2009-10. The central bank on Thursday released its annual review report titled 'The State of Economy for the year 2008-09. SBP ...

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  • TKARACHI- The State Bank of Pakistan has decided to keep its policy rate unchanged at 13 per cent for the next two months (October-November) of current financial year, 2009-10 due to uncertain inflation outlook and expected fiscal slippages. This decision was taken at a meeting of the Central Board ...

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  • TKARACHI - Stay tuned at this channel, Stay tuned at that channel, dont go away we will right back to you. In the meantime while listening such instructions cum warnings a serious and matured television viewer is switched with a remote control from one channel to another with an intention to watch ...

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  • TKARACHI - In this contemporary world of conflicts and issues, the characterisation of Islam can be redefined through three principles and philosophies, which need to be practised within the socio-political and economic set-up of Muslim societies. These philosophies can be termed as politics of ...

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  • TKARACHI - The State Bank of Pakistan (SBP) on Saturday cut its key policy rate by 100 basis points to 13 per cent from the earlier level of 14 per cent, which will be effective from Monday (August 17). Governor SBP Syed Salim Raza announced the decision while unveiling the Monetary Policy Statement ...

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  • TKARACHI-State Bank of Pakistan lowered on Thursday its Gross Domestic Product (GDP) growth forecast for the 2008-09 fiscal year to between 2.0 and 3.0 per cent from its previous estimate of 2.5-3.5 per cent. 'Major economic indicators show underlying weaknesses, which, if not addressed, could ...

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  • TKARACHI - National Database and Registration Authority (NADRA) has detected thousands of applications submitted for the issuance of dual national identity cards, sources confided to The Nation on Tuesday. As per report, NADRA is blocking about 300 applications on daily basis seeking for dual ID ...

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  • TKARACHI-The State Bank of Pakistan on Monday cut its monetary policy discount rate by 100 'basis points, to 14 per cent for the April-June quarter of the current fiscal year (2008-09) as anticipated by the monetary and financial experts. The new interest rate would be effective from April 21 ...

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  • TKARACHI-Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Shaukat Tarin has said the defence budget is unlikely to be reduced in the upcoming Federal budget for 2009-10 in view of the tense geopolitical situation of the region. He stated this while talking to newsmen here on ...

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