All Entries Tagged With: "State Bank of Pakistan"
Despite falling FDI in Pakistan, deficit narrows
The State Bank of Pakistan (SBP) Monday said that foreign investment in Pakistan fell 22 percent to $1.73 billion in the first 10 months of the 2009/10 fiscal year but country’s current account deficit in the same fiscal period narrowed to a provisional $3.060 billion.
Foreign investment in Pakistan during the same period last year was [...]
Pakistan meets IMF loan terms
The State Bank of Pakistan claims to have achieved the milestones set by the International Monetary Fund in the Stand-by Agreement signed in December 2008.
The reeling Pakistan rupee
Some of the main factors for the rupee finding the floor in 2009 were the IMF program, slowdown in imports, S&P upgrade of the sovereign credit ratings, easing of inflationary pressures, return of portfolio investment to the equities market and record remittances.