The repatriation of profits and dividends by foreign investors surged to $139.13 million in July 2024, a significant jump from the $2.16 million repatriated in the same month last year, according to data released by the State Bank of Pakistan (SBP). This sharp increase follows the easing of foreign exchange controls by the SBP, which … Read more
The government announced its need for Rs32 trillion in loans for the fiscal year 2024-25, including rollovers from foreign banks and bilateral lenders. According to a news report, the success of this borrowing plan is contingent upon the timely approval of the International Monetary Fund (IMF) loan and China’s willingness to roll over nearly $7.9 … Read more
The federal government borrowed Rs145.34 billion from banks between July 1 and July 26, a drop of 78.37% compared to Rs671 billion borrowed during the same period last year, according to the latest data from the State Bank of Pakistan (SBP). This offers some relief to the government on the domestic debt servicing burden. While … Read more
State Bank of Pakistan (SBP) Governor Jameel Ahmad informed the National Assembly Standing Committee on Finance and Revenue that Pakistan is set to manage $26.2 billion in foreign loan repayments during the current fiscal year. He indicated that $12.3 billion in deposits from friendly countries, including China, Saudi Arabia, and the UAE, will be rolled … Read more