The SBP says the extension of the deposit period was “a continuation of the support that Riyadh has provided” to Pakistan. The State Bank of Pakistan (SBP) announced Friday that…
Category:
Investments
BusinessGlobalInvestmentsPakistan
AIIB to credit SBP account with $500 million, Dar confirms.
by RP Staff
Financing was sent under ADB’s BRACE program to provide the fiscal space needed for the government to implement its countercyclical development spending package. ISLAMABAD: The Asian Infrastructure Investment Bank (AIIB)…
BusinessGlobalInvestmentsPakistan
Interpreter: The Reko Diq saga — financial implications
by RP Staff
The $9 billion Reko Diq Deal is the most significant investment in Pakistan’s history. By making a matching investment, the country gets 50 percent of the profit from the overall…
BusinessGlobalInvestmentsMorePakistan
Protracted Pak-IMF talks may delay the $1 billion tranche.
by RP Staff
Talks between Pakistan and the IMF are stalling as the two sides have so far been unable to reach a broader agreement on a revised macroeconomic framework for the current…
BusinessGlobalInvestmentsMorePakistan
PSX Shakes After SBP Raises Interest Rates to Highest Since 1999
by RP Staff
KSE-100 index falls by over 950 points; experts blame SBP’s pronouncement to upsurge interest rate The Pakistan Stock Exchange (PSX) stormed open on Monday morning in response to the State…
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