Currency dealers said the dollar buying has drastically dropped these days due to strict documentation.
The State Bank of Pakistan’s latest data shows the government borrowed Rs1.367 trillion from July 1 to Aug 2.
The demand for the dollar was extremely low both in open and interbank markets, say bankers and dealers.
The highest contributor to the non-food inflation in June was rising gas prices.
KARACHI: The outflow of profits and dividends during the last fiscal year declined by 21.34 per cent compared to...
The tenure of repayment on financing for development loans in crop and non-crop sectors has been doubled.
Banks also told to ensure the availability of foreign currencies to sell to the public.
SBP hints end of monetary tightening, exchange rate also in balance.
“These trends have yet again exposed Pakistan’s structural deficiencies," says SBP.
Alarmingly, of the 36.9pc "food insecure" households in the country, 18.3pc face "severe" food insecurity.
Inflows from the United States grew noticeably by 20.15pc to $3.409bn compared to FY19.
Rs7.7tr stock of government debt held by SBP to be converted into tradable securities with market returns.
The total public sector enterprises (PSEs) borrowing reached Rs1.068 trillion by the end of FY18.
The government borrowing from the SBP increased by record highs during the period under review.
Gold prices also retreat by Rs1,900 in contrast to rising trend on the international market
The rupee loses 3.8pc against the dollar in a single day.
The State Bank of Pakistan on Tuesday reported that the outflow profits during July-May clocked in at $1.673 billion.
The disappointing revenue collection during the fiscal year forced the government to borrow heavily from the SBP.
KARACHI: Exchange rate remained relatively steady during the week ending on Friday but analysts fear the stability...
The total FDI fell to $1.606 billion during the July-May period of the outgoing fiscal year.