SBP lowers policy rate by 2.5 percent as inflation eases
MPC noted that various developments since its last meeting that could have implications for the macroeconomic outlook. SBP lowers policy…
State Bank of Pakistan
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Pakistani rupee gains strength as IMF loan eases pressure
The State Bank of Pakistan (SBP) reported an increase in reserves following the first IMF loan tranche of $1.02 billion….
SBP to introduce plastic currency notes in Pakistan, Senate committee told
“The Rs 5,000 note will not be phased out and no such proposals are being considered.” The SBP governor said….
Pakistan petroleum import bill receives hike by 40%
The transport sector experienced a decrease in its import bill, down by 4.81% year-on-year to $147.78 million from $155.25 million…
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….
Pakistan paid $3.5 billion in interest to IMF, Senate Committee told
In the last four years, Pakistan borrowed over $6.26 billion from the IMF and repaid $4.52 billion. ISLAMABAD: Over the…
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)…
Misprinted Rs1000 notes emerge in National Bank
In a statement, a spokesman for the central bank said the matter was referred to the department concerned. Misprinted Rs1000…