comparemela.com

Latest Breaking News On - குவைத் முதலீடு நிறுவனம் - Page 5 : comparemela.com

Steps in the right direction

Government raises Rs161b through PIBs

Government raises Rs161b through PIBs Auctions three to ten-year bonds to commercial banks KARACHI: The government on Wednesday raised financing of Rs161 billion through the auction of three to 10-year Pakistan Investment Bonds (PIBs) to commercial banks against the target of Rs125 billion, adding to domestic debt which is already at high levels. More importantly, banks - whose deposits grew 16% to Rs17.95 trillion in May compared to the same month of last year - offered three times the amount to buy PIBs at Rs376 billion compared to the government’s target to raise Rs125 billion through the auction. The banks higher participation suggests they have ample liquidity, as shown by growth in deposits, and are desperate to invest it even at a low rate of return.

C/A posts $773 million surplus in July-April

Business May 26, 2021 KARACHI: Pakistan’s current account deficit shrank 61 percent year-on-year in April 2021 helped by upsurge in remittances and a healthy recovery in exports, the central bank’s data showed on Tuesday. The current account balance posted a deficit of $200 million in April compared to a deficit of $510 million a year ago. The deficit was, however, 506 percent higher than the previous month. The current account showed a surplus of $773 million in 10 months of this fiscal year as against the deficit of $4.657 billion a year ago. The trade deficit widened 35.3 percent to $3.041 billion in April as roaring domestic demand necessitated imports with the recovery in economic activities after coronavirus pandemic.

C/A posts $773 million surplus in July-April

C/A posts $773 million surplus in July-April
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

C/A posts $773 million surplus in July-April

C/A posts $773 million surplus in July-April
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.