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Rupee rises as world's best performer this year


Rupee rises as world’s best performer this year
Business
April 1, 2021
KARACHI: Terming rupee’s becoming world’s best performer in the first quarter of this year as tremendous, analysts on Wednesday however warned against sharp currency movements.
The rupee benefited in a big way from robust foreign exchange inflows from Pakistani diaspora in the form of remittances, Roshan Digital Account, resumption of International Monetary Fund’s (IMF) loan program, issuance of Eurobonds, and anticipated inflows from multilateral institutions.
“PKR has been the world’s best currency against USD from January 1st to March 31st,” said Muzammil Aslam, CEO at Tangent Capital in a Tweet, citing Bloomberg data. ....

Saudi Arabia , United Kingdom , Muzammil Aslam , International Monetary Fund , Fund Facility , Roshan Digital Account , Tangent Capital , British Pound , Saudi Riyal , Extended Fund Facility , சவுதி அரேபியா , ஒன்றுபட்டது கிஂக்டம் , முஜம்மில் அஸ்லம் , சர்வதேச பண நிதி , நிதி வசதி , ரோஷன் டிஜிட்டல் எண்ணுதல் , தொடுகோடு மூலதனம் , பிரிட்டிஷ் பௌஂட் , சவுதி ரியால் , நீட்டிக்கப்பட்டது நிதி வசதி ,

SBP most likely to keep policy rate unchanged for third time


SBP most likely to keep policy rate unchanged for third time
Business
January 20, 2021
KARACHI: The central bank is widely expected to keep the policy rate unchanged at 7 percent for the third time after generous back-to-back reductions during last year’s lockdowns, as the risks to the outlook for both growth and inflation appear balanced, analysts said on Tuesday.
The State Bank of Pakistan (SBP) said the monetary policy committee will meet on Friday (January 22) to decide about the monetary policy. Saad Hashemy, executive director at BMA Capital expects interest rate to remain unchanged. His forecast is based on soft inflation reading during the ongoing month. “Inflation is expected to come on the lower side in January,” Hashemy said. ....

Muzzammil Aslam , Saad Hashemy , Kuwait Investment Company Research Head Samiullah Tariq , State Bank , Tangent Capital , குவைத் முதலீடு நிறுவனம் ஆராய்ச்சி தலை சாமிிுள்லாஹ் தாரிக் , நிலை வங்கி , தொடுகோடு மூலதனம் ,