Overseas workers’ remittances record $3bn inflow in March 2024
Workers’ remittances during March 24 were mainly received from Saudi Arabia (US$703.1 million). ISLAMABAD: The State Bank of Pakistan (SBP)…
State Bank of Pakistan
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Misprinted Rs1000 notes emerge in National Bank
In a statement, a spokesman for the central bank said the matter was referred to the department concerned. Misprinted Rs1000…
Fitch Warns of Default Risks Amid Pakistan’s Post-Election Uncertainty
Next IMF bailout package would come with tougher conditions, says global rating agency. Fitch Warns of Default Risks Amid Pakistan’s…
Pakistan’s Foreign Reserves Reach US$ 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…
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…