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Credit default swap for Pakistan falls to 71%
KARACHI: According to statistics supplied by a brokerage business, Pakistan's benchmark five-year CDS fell a staggering 5,224 basis points to 71.64% on November 22.
Arif Habib Limited computed these numbers (AHL).
Over the course of…
Pakistan’s credit default swap surges to 92.53% amid…
KARACHI: The cost of covering exposure to Pakistan's five-year sovereign debt increased by 1,224 basis points over the weekend, reaching the highest-ever level of 92.53%, according to statistics from a brokerage released on Monday.
The…
In October, the current account deficit decreased by 68.13…
According to data made public by the State Bank of Pakistan (SBP) on Monday, the current account deficit decreased 68.13% year over year to total $0.57 billion in October.
The deficit grew 56.2 percent month over month from September's…
$660 million is taken out by investors in six months from Naya…
KARACHI: During the previous six months, foreign investors withdrew $660 million from Naya Pakistan Certificates (NPC), adding to the country's already dire situation of declining foreign exchange reserves.
Even if the nation hasn't yet…
Ishaq Dar, the finance chief, meets President Arif Alvi
ISLAMABAD: An official statement said that on Friday, Senator Mohammad Ishaq Dar, the federal minister of finance and revenue, met with President Dr. Arif Alvi at the Aiwan-e-Sadr.
During the meeting, the finance minister gave the…
Delays in IMF talks and political unrest increase the default…
KARACHI: The country's default risk, as determined by five-year credit-default swaps (CDS), insurance contracts that shield investors from a default, surged considerably over night because of political upheaval and an absence of clarity…
SBP Governor: Pakistan has sufficient funds to pay its debts to…
Jameel Ahmad, governor of the State Bank of Pakistan (SBP), stated on Monday that the nation has sufficient funds to pay its foreign debt obligations.
There is no need to be concerned about a lack of foreign exchange liquidity, Mr. Ahmad…
Future socio-economic roadmap launched
ISLAMABAD:
The Planning Commission has initiated a comprehensive study on the future development scenario building for Pakistan titled “Pakistan Outlook 2035”.
The initiative will assess long-term challenges in the light of the…
SBP establishes a forum for reporting illegal money traffickers.
KARACHI: In order to maintain accountability and integrity, the State Bank of Pakistan (SBP) announced in a statement that it had established a whistle-blower forum for the discovery of foreign exchange businesses operating unlawfully in…
October saw the fewest RDA inflows in in two years.
According to data released by the State Bank of Pakistan, inflows under Roshan Digital Accounts (RDAs), a banking facility allocated for non-resident Pakistanis, totaled $146 million in October, a decrease of 13.1% from last month's $168…