Tag Archives: Interest

These are extraordinary days where extraordinary steps and out of box solutions are required. Budget deficit was estimated around 7.2 percent in fiscal year 2019-20 which is around 8.9 percent; likewise budget deficit is being estimated at around 9.1 percent …

Pakistan is facing various challenges where some are because of international factors but most of Pakistan’s current problems are self-created, which could have been avoided or at least would have been better managed. Whether it’s the large population to feed, …

Federal Reserve of United States has cut rate in an emergency that has created opportunity for other central banks around the globe to cut rate, especially for those who held off so far out due to domestic and external concerns. …

Pakistan’s auto sector faced a slump during the calendar year 2019 due to massive devaluation of rupee, taxation, skyrocketing inflation and high interest rate. The auto sales plunged 34 percent to 175,611 units in the first 11 months of 2019 …

The State Bank of Pakistan (SBP) incessantly adopted contractionary monetary policy and kept the interest rate at 13.25 percent while on the other side the government had reduced profit rates on the National Savings Schemes. Experts viewed that the falling …

During 3QCY19 aggregate profitability of listed Pakistani commercial banks (excluding Silk Bank) rose to Rs45.5 billion, up 48%YoY. The increase in profit is primarily on the back of a 33%YoY increase in net interest income and 17%YoY growth in non-interest …

Revival of economy is the biggest issue of present day Pakistan. It is important to address this issue just now as country cannot afford any further meltdown, delay in policies making thereafter its implementation. It is being said that government …

Engro Corporation (ENGRO) posted 2QCY19 earnings of Rs2.87 billion (EPS: Rs4.97), up 37%YoY but down 29%QoQ. This takes the 1HCY19 profit after tax to Rs6.87 billion (EPS: Rs11.92), up 3%YoY. The sequential decline in earnings can be attributed to: 1) …

Structure Of Interest Rates In Pakistan w.e.f. SBP Reverse Repo Rate SBP Repo Rate SBP Policy (Target) Rate 24-Mar-15 8.00 5.50 – 25-May-15 7.00 5.00 6.50 14-Sep-15 6.50 4.50 6.00 23-May-16 6.25 4.25 5.75 29-Jan-18 6.50 4.50 6.00 28-May-18 7.00 …

Production of selected Large-Scale Manufacturing (during Jul – May) Items Weights Adjusted Weights Percentage Change Items Weights Adjusted Weights Percentage Change FY19 FY18 FY19 FY18 Textile 20.91 29.74 -0.32 0.51 Iron & Steel Products 5.39 7.67 -10.78 22.02 Cotton Yarn …

The financial tsunami that erupted in 2008 has swept the global financial community, and the major financial giants also fell into disarray. Even if the commercial banks in China with a low degree of internationalization have also caused heavy loss. …

The Pakistan’s economy is facing numerous challenges, which has impacted the overall economic activity. The economy is still and essentially bedeviled by large size and inefficient public sector, low rate of savings and investment, persistent large budget deficits, and inconsistent …