Amid a slump in the country's exports due to the shrinking economy, Pakistan Prime Minister Shehbaz Sharif has formed a committee for which he has sought recommendations, ARY News reported citing sources on Thursday.
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
The Chairman of the country's largest bank said, "A visible improvement in consumer and business confidence as per RBI surveys augurs well for the future growth outlook. Imparting operational flexibility to banks in managing their investment in HTM (Held to Maturity) limit will have an order
In a regulatory filing to the stock exchanges, the banking major said this was the largest single infrastructure bond issued by any Bank in the country.
Union Minister of Ports, Shipping and Waterways and Ayush Sarbananda Sonowal on Tuesday inaugurated the regional business office of State Bank of India in Tinsukia and ceremonially handed over loan sanction papers to self-help groups (SHGs) in the area.
The State Bank of Pakistan's (SBP) decision to hike its key policy rate by 100 basis points to a 24-year high of 16 per cent has created a new problem for Islamabad as it has to pay a heavy price for borrowing after the rate hike.
The interest rate in Pakistan skyrocketed to its highest in 24 years after the State Bank of Pakistan (SBP) raised its key policy rate by 16 per cent on Friday to curb inflation, according to Dawn.