KARACHI: Pakistan’s total liquid foreign reserves have risen to 15.3574 billion dollars, showing an increase of 397 million dollars, according to the central bank.The SBP spokesman, Wasimuddin talking to Geo News said, on May 7, 2010 the foreign reserves held by State Bank amounted to dollars 11.5524 billion. Whereas the net foreign reserves held by [...]
KARACHI: The State Bank of Pakistan (SBP) Saturday announced the new monetary policy, maintaining the interest rate to the current level of 12.5 percent.
Announcing the fourth monetary policy, Governor SBP Salim Raza said inflation rate was reduced at 10.3 percent during the first quarter of current fiscal year.
He said inflationary [...]
KARACHI: Heavy selling grabbed the local bourse on Tuesday as KSE-100 index was unable to maintain the 9,700 psychological level.
Market started the day in green zone as benchmark index moved in a positive direction after making double peak, but eventually became a victim of prevailing bearish spell before closing time.
The [...]
