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…
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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…
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…
Pakistan’s economic crisis likely turning into catastrophe, Atif Mian warns
Economist blames “foolish policy choices” for economic woes. Pakistan’s economic crisis likely turning into catastrophe, Atif Mian warns. Economist Atif…
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…