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
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…
Auto industry lays off thousands as sales decrease by 70%
Industry official says raw materials worth billions of rupees stuck at port. Auto industry lays off thousands as sales decrease…
Rupee nosedives to all-time low of 290 against dollar amid political tumult
Moody’s Investor Service warned without an IMF programme, Pakistan could default. Rupee nosedives to all-time low of 290 against dollar…
Current account posts surplus for first time since Nov 2020
During the last nine months, CAD has declined 74.1% year-on-year. Current account posts surplus for first time since Nov 2020….
SBP jacks up key rate to record high of 21%
Inflation measured by the Consumer Price Index (CPI) reached an all-time high of 35.37 per cent year-on-year. SBP jacks up…
SBP-held reserves fall to less than a month’s import cover
Forex reserves have decreased by $345m to $4.2bn. SBP-held reserves fall to less than a month’s import cover. As Pakistan…
SBP jacks up policy rate by 300bps to 27-year high
The national inflation calculated on the basis of the consumer price index (CPI) has surged to 31.5% on an annual…
FDI rises to over $220m in January
FDI drops 44.2% in first seven months of current fiscal year. FDI rises to over $220m in January. China, one…