Articles by Shahid Iqbal
KARACHI: Although the government raised over Rs24 trillion through borrowing and enhanced revenues during the past two and a half years, heavy bank borrowing reduced the availability of credit for the...
KARACHI: In a major move to facilitate overseas Pakistanis, the State Bank of Pakistan (SBP) has allowed exchange companies to use the Raast payment system to receive remittances instantly.
The exchan...
• Banks receive 30pc fewer dollars in 1HFY26• Untraceable outflows raise questions over currency flows
KARACHI: Banks received 30 per cent fewer US dollars from exchange companies in the first hal...
KARACHI: Growth in remittances could face a decline or may not show any significant growth particularly from the Middle Eastern countries, said multiple sources.
While securing visas for Arab countrie...
KARACHI: The State Bank of Pakistan (SBP) increased its foreign exchange reserves by $4.2 billion during calendar year 2025, though the pace of accumulation slowed in the year’s second half.
Officia...
KARACHI: The State Bank of Pakistan (SBP) has introduced a set of shocks covering climate-related risk measures to protect the financial institutions as the threat has been increasing with climate cha...
• Experts say exchange rate still ‘managed’, warn pressures may return in 2026• Insist PKR’s path shaped by politics, financing, oil and not just valuation models
KARACHI: The first half of ...
• Experts say exchange rate still ‘managed’, warn pressures may return in 2026• Insist PKR’s path shaped by politics, financing, oil and not just valuation models
KARACHI: The first half of ...
KARACHI: The government’s borrowing from banks in the first half of FY26 has marked a sharp reversal from last year’s pattern, with Rs672 billion raised against net debt retirement during the same...
KARACHI: Another step towards Pakistan’s virtual assets framework was taken on Thursday, as the State Bank of Pakistan (SBP) held a meeting with the chairman of the Pakistan Virtual Assets Regulator...
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