The Credit Rating Agency has said the positive outlook indicates that it could raise Pakistan's rating in 2016. While noting that Pakistan’s fiscal performance had improved and government deficit had declined to 5.10% of GDP with better revenue collection and restrained expenditure the agency believed that enacting the conditions of
The credit rating agency views the country's contingent fiscal risks as limited based on its view of Pakistan’s government-related entities and its financial system. According to the agency Pakistan's banking system appears sound, reflecting its high profitability and strong capitalization. However it pointed out that nonperforming loan ratio of
On Oct. 22, 2015, Standard & Poor's Ratings Services affirmed its 'B-' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Pakistan. It also retained a positive outlook on the long-term sovereign credit ratings. Key Points of the Statement: Economic, fiscal, and external performance is strengthening
KSE 100 Index lost momentum towards the end of Monday's session to close 85 points down at 33,860.64. The index had started positively and traded in a range of 242 points or 0.71% of previous close, it touched an intraday high of 34,090.16 (144.84) and a low of 33,848.36 (-96.96)
SBP Conducted an OMO in which it injected 1,280Bn in a 4 Day Reverse Repo, it received 32 quotes ranging from 6.09% to 6.03% for a total amount of 1,323.45bn. SBP accepted all 32 quotes at a rate of 6.03%, however, of the Rs. 200,000 mn offered at 6.03%
SBP announced that it will conduct a 4 Day OMO to inject funds into the market. The Result will be announced at 11:00.
According to figures released by the SBP, The total liquid foreign reserves held by the country stood at US$19,920.80 million on Oct 16, 2015. Foreign reserves held by Amount in $ Million Change State Bank of Pakistan 15,019.70 -83.90 Net Foreign Reserves Held by Banks 4,901.10 11.60 Total Liquid
KSE 100 index ended the final session of the week with a minor gain of 1.58 points to close at 33,945.32. The index remained positive for much of the session before declining during the final hour of trading. It traded in a range of 118 points touching an intraday
SBP conducted an OMO on thursday in which it mopped up 28Bn in a 4 Day Repo. SBP received 8 Quotes ranging from 5.85% to 6.03% for a total amount of 41.5Bn, out of which the Central Bank accepted 4 quotes at 5.94%.
KSE 100 Index ended Wednesday's trading session with a 33.57 point gain to close at 33,943.74. Total Volume fell to 139m shares compared to 170m shares in the previous session. Total companies traded were 392 out of which 159 closed up, 203 closed down while 30 remained unchanged. The
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