The cut-off yields on the auction of market treasury bills (T-Bills) dropped by 14 basis points despite an increase in the interest rate.The government raised Rs. 730 billion from the auction according to data released by the State Bank of Pakistan (SB…
State Bank of Pakistan’s (SBP) data has revealed that private sector borrowing from banks crossed an all-time high of Rs. 1 trillion during the first half of the current fiscal.The private sector borrowed a total amount of Rs. 1.013 trillion from July …
Bank Alfalah Limited (BAFL) has started sending SMS alerts, warning its customers against carrying out cryptocurrency transactions through its banking channels.The bank opines that all virtual assets/cryptocurrencies are illegal and its customers shoul…
Pakistan’s liquid foreign reserves witnessed an outflow of $118 million in the first week of 2022 that ended on January 7, 2021, according to the State Bank of Pakistan (SBP).The central bank’s weekly report released on Thursday revealed that the count…
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