Interest
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Savings in high interest rate environment
In case of price rise, discretionary expenses should be cut, funds directed towards essentials
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European banks face crisis due to rising cost
Spike in interest rates led to a sell-off in bonds, leaving banks exposed
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Interest on export funding increased
SBP raises rate by 13%, withdraws concessionary funding with effect from Friday
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16% rate to trigger hard landing
More pain to come as policy rate has been raised at sharpest pace in decades
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‘$43.4b loans’ taken during PTI regime
Document submitted in NA details loans taken during Aug 2018-Dec 2021
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SBP to promote interest-free banking
Govt appreciated for withdrawing SBP, NBP appeals against FSC decision
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CII proposes task force to implement FSC decision
Ulema body seeks PM’s role in withdrawal of SBP appeal against ruling on interest-free economy
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Netflix hit show 'Squid Game' spurs interest in learning Korean
Services reported a growing global obsession with South Korean culture from entertainment to beauty products.
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Govt makes heavy interest payments
Overall budget deficit remains at Rs3.4tr or 7.1% of GDP in last fiscal year
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Interest payments to eat up Rs3.06tr
Govt expects to spend Rs2.9tr on domestic and foreign debt in ongoing fiscal year
