5th DigiBAP Summit 2024

5th DIGIBAP Summit 2024: Stakeholders urged to collaborate for enhancing digital supply chain finance

Top representatives from the banking and fintech sectors along with state regulators gathered to discuss ways and suggest implementable solutions to digital based financing for supply chains for small and medium enterprises and the agriculture sectors at the 5th DigiBAP Summit 2024 on Monday at a local hotel. The summit featured panel discussions and presentations…

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Public Debt

Public Debt Surges: Pakistan’s Borrowings Increase by Rs 4 Trillion in 7 Months

In a concerning trend, Pakistan’s public debt has witnessed a substantial surge, escalating by Rs 4 trillion within a span of 7 months. This surge is attributed to the ongoing trend of extensive government borrowing, raising questions about the sustainability and management of the country’s overall debt profile. Key Developments: Magnitude of Increase: The staggering…

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bank exchange rates

Bank Exchange Rates: SBP Modifies Reporting Schedule for Enhanced Transparency

In a move aimed at promoting transparency and efficiency in the financial sector, the State Bank of Pakistan (SBP) has announced modifications to the reporting schedule for bank exchange rates. This decision reflects the central bank’s commitment to refining reporting mechanisms, ensuring accurate and timely information regarding currency exchange rates. Key Points: Enhanced Transparency: The…

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Ex-SBP Governor

Ex-SBP Governor Advocates for New IMF Program to Address Pakistan’s Debt Repayment Challenges

Highlighting the urgency of the situation, a former State Bank of Pakistan (SBP) Governor asserts that Pakistan must embark on a new International Monetary Fund (IMF) program to effectively manage and address the challenges associated with servicing previous debts. The call for a fresh IMF program underscores the pressing need for a comprehensive financial strategy…

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Government Debt

Government Debt Surges, Exceeding Legal Limit by Rs. 14.5 Trillion

In a significant financial development, the government’s debt has experienced a substantial increase, soaring Rs. 14.5 trillion beyond the legally prescribed limit. This noteworthy escalation in government debt raises concerns about fiscal responsibility, financial management, and adherence to established legal boundaries. Key Aspects of the Surge: Magnitude of Increase: The surge in government debt by…

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