Confusion continued to prevail over the central bank’s alleged decision to withhold certain payments to foreign service providers and thus put the citizens at risk of losing access to certain paid apps and services come next month. While the State Bank of Pakistan (SBP) has dismissed as “baseless and misleading” reports that it had withheld payments to Google, the telecom industry and other sta
The interest rate hike will cost heavily to the government as it will have to re-price the Rs5 trillion maturity of treasury bills and Pakistan Investment Bonds (PIBs) in the next three months. The State Bank of Pakistan (SBP) has increased its policy rate by 100 basis points to 16 per cent to tame inflation but the other aspects of higher interest rates were not considered for serious thought.
The Election Commission of Pakistan (ECP) has sought Rs47.42 billion from the government in order to make preparations for next year’s general election. However, the Ministry of Finance is apparently in a difficult position to earmark a major supplementary grant at least during the current quarter of the fiscal year in view of engagements with the International Monetary Fund (IMF) as it is grap
‘Apartmentarianism’ is the philosophy of real estate investors that is bolstered by the fact that 73 per cent of the apartment owners in Pakistan are not apartment dwellers. Around 75pc of apartment residents live in rental flats because of their low buying power. However, in reality, apartment living is not yet in vogue. The real asset is a high return on investment for developers backed by their
Pakistan’s central bank is scheduled to meet on Friday (today) to, review developments in the domestic and global economy and, announce its key policy rate to maintain a balance between economic growth and inflation readings. Going forward, financial experts and market surveys strongly anticipate that the rate will remain unchanged at the current level of 15%. Speaking to the Express Tribune