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…
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Overseas workers’ remittances record $3bn inflow in March 2024
Workers’ remittances during March 24 were mainly received from Saudi Arabia (US$703.1 million). ISLAMABAD: The State Bank of Pakistan (SBP)…
Banks to remain closed for 3-day next week
PSX will also remain closed for five days next week. Banks to remain closed for 3-day next week. The State…
Will SBP Issue New Currency Notes for Eid-ul-Fitr 2024? Check Details
“Changes in Acquiring New Currency Notes: Lack of Clarity from SBP Since 2022 Leaves Public in Limbo Regarding Traditional Methods…
Misprinted Rs1000 notes emerge in National Bank
In a statement, a spokesman for the central bank said the matter was referred to the department concerned. Misprinted Rs1000…
Banks’ Operating Hours Announced for Ramadan 2024
Banks’ Operating Hours Announced for Ramadan 2024. State Bank of Pakistan (SBP) has issued a circular regarding the banking hours…
Fitch Warns of Default Risks Amid Pakistan’s Post-Election Uncertainty
Next IMF bailout package would come with tougher conditions, says global rating agency. Fitch Warns of Default Risks Amid Pakistan’s…
Pakistan’s Foreign Reserves Reach US$ 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…
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…
Dollar further depreciates against Pakistani rupee in interbank
US dollar in the interbank market traded at Rs281.11 paisa. Dollar further depreciates against Pakistani rupee in interbank. The value…