Pakistan’s forex reserves inch up by $51.1 million
The SBP’s reserves have decreased by $236.2 million, or 2.52 per cent, since the start of the current fiscal year….
SBP
SBP cuts key policy rate by 100bps to 19.50pc
The decision has been taken amid a decline in the inflation rate, Jameel Ahmed said. KARACHI: State Bank of Pakistan…
State Bank announces 150 basis points cut in key policy rate
The State Bank noted that “real interest rates are still significantly positive, which is important for continuing to guide inflation…
Overseas workers’ remittances record $3bn inflow in March 2024
Workers’ remittances during March 24 were mainly received from Saudi Arabia (US$703.1 million). ISLAMABAD: The State Bank of Pakistan (SBP)…
Fitch Warns of Default Risks Amid Pakistan’s Post-Election Uncertainty
Next IMF bailout package would come with tougher conditions, says global rating agency. Fitch Warns of Default Risks Amid Pakistan’s…
Pakistan’s Foreign Reserves Reach US$ 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…