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…
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Rupee gains ground: Strengthens against US Dollar
While the SBP’s foreign exchange reserves fall by $136m to $6.9bn. Rupee gains ground: Strengthens against US Dollar. In a…
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…
Pakistani rupee continues to strengthen against US Dollar
In the open market, the Dollar was quoted at Rs284.50 for selling and Rs281.50 for buying. Pakistani rupee continues to…
SBP to announce monetary policy on Oct 30
It is pertinent to mention here that the State Bank’s policy rate is currently 22 percent. SBP to announce monetary…
Is Pakistan launching digital currency?
Currently, the country has four live commercial EMIs, including NayaPak, Finja, CMPECC, and Sada Tech Pakistan. Is Pakistan launching digital…
Rupee gains massively after new credit card settlement directive
Rupee has fallen by 23.6% since January this year in the interbank market. Rupee gains massively after new credit card…
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…