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Tag Archives: SBP

Pakistan receives record remittances during fy20

Pakistan receives record remittances during fy20

During FY20 Pakistan received record remittances. On a cumulative basis, workers’ remittances increased to a historic high level of US$23.120 billion during FY20 as compared to US$21.739 billion received in FY19, witnessing a growth of 6.4% over Despite economic slowdown …

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Banks post mixed results

Banks post mixed results

During 2020 State Bank of Pakistan (SBP) has reduced interest rate, which is likely to impact earnings of commercial banks. Banks were also stopped from disbursing dividend and issuing Bonus Share to facilitate ample liquidity is the system. Over the …

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Automobile industry review and outlook

Automobile industry review and outlook

Monthly sales of automotive industry for July 2002 were reported at 11,836 units, up 32%MoM, but down 10%YoY. This indicate a reversion to pre-COVID normalcy, completing a “V-shaped” recovery over five months while extending consecutive YoY downtrend to its 21st …

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Intricacies of the national budget

Intricacies of the national budget

Whether budgetary conditionalities of the International Monetary Fund (IMF), directives of the State Bank of Pakistan (SBP), maneuvering of the statesmanship or commonalities of the common man, budget of the pandemic times is a very challenging proposition indeed. So very …

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