Overseas workers’ remittances record $3bn inflow in March 2024
Workers’ remittances during March 24 were mainly received from Saudi Arabia (US$703.1 million). ISLAMABAD: The State Bank of Pakistan (SBP)…
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Fitch Warns of Default Risks Amid Pakistan’s Post-Election Uncertainty
Next IMF bailout package would come with tougher conditions, says global rating agency. Fitch Warns of Default Risks Amid Pakistan’s…
Pakistan’s Foreign Reserves Reach US$ 13,149.1 Million: SBP
The reserves held by the State Bank of Pakistan stood at US$ 8,056.5 million Pakistan’s Foreign Reserves Reach US$ 13,149.1…
Pakistan’s financial sector assets surge to Rs8.94tr in FY23: WealthPK
The revenue growth of 31%, reaching Rs614.648 billion in FY22, is particularly noteworthy. Pakistan’s financial sector assets surge to Rs8.94tr…
SBP unveils plan to print new currency notes with modernized design
SBP deputy governor acknowledged the need for a robust system to prevent the printing of fake currency. SBP unveils plan…
SBP maintains interest rate at 22%
MPC’s decision in line with market expectations as high inflation persists due to rise in energy prices. SBP maintains interest…
ECAP adopts SBP-directed mechanism for issuing exchange rates
ECAP issues a single rate for the six selected leading currencies. In compliance with the directives issued by the State…
How to identify fake Rs 5000 note, SBP explains
SBP explains what you can see on the note when you view it under ultraviolet light: lime green threads. How…
SBP’s reserves drop to $4.2 billion
Forex reserves to cover less than a month’s imports. SBP’s reserves drop to $4.2 billion. The State Bank of Pakistan…
State Bank imposes Rs224 million in fines on 5 commercial banks
State-owned Sindh Bank gets a penalty of Rs55.393 million by the SBP for violation of general banking operations. State Bank…