KARACHI: An improvement in the external sector has become visible, as the reforms introduced to address the macro-economic challenges have brought change, said the State Bank of Pakistan (SBP) Governor Dr Reza Baqir during a session with the members of Overseas Investors Chamber of Commerce and Industry (OICCI).
Along with increased exports, the average monthly current account deficit has halved, non-borrowed foreign exchange reserves have begun to grow, Dr Reza elaborated. He further expressed hopes of the inflationary pressures easing from the second half of the current fiscal year.
OICCI President Shazia Syed said that OICCI members have been positive on investment opportunities in the country, as they are among the largest economic stakeholders with the economic contribution reaching over $13 billion in the past seven years, despite challenges faced by the economy.
Along with complimenting the governor over remittances of profits to OICCI members, a comprehensive list of recommendations to the SBP Governor, and suggestions to set up an online portal allowing banks to upload the request and supporting documents were also presented to the SBP Governor.
Considerations of the recommendations presented were promised by the Governor, while he emphasised the need for continuous dialogue.
For news and blogs, visit Graana.com.
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
