SBP jacks up policy rate by 300bps to 27-year high
The national inflation calculated on the basis of the consumer price index (CPI) has surged to 31.5% on an annual…
State Bank of Pakistan
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FDI rises to over $220m in January
FDI drops 44.2% in first seven months of current fiscal year. FDI rises to over $220m in January. China, one…
State Bank withdraws condition of prior approval for imports
SBP directs banks to prioritise import of certain essential items. State Bank withdraws condition of prior approval for imports. The…
Govt raises Naya Pakistan Certificate’s markup rates for foreign investments
Rate of return is now 7% for 3-month investments of $1,000. Govt raises Naya Pakistan Certificate’s markup rates for foreign…
FDI shrinks by 59% to $461m in first six months of FY 2023
Investment in power sector falls to $237 million from $345 million. FDI shrinks by 59% to $461m in first six…
Illegal channels: Pakistan’s remittances fall 19% to $2bn in Dec
Remittances decline 11% to $14.052 billion in first half of FY23. Illegal channels: Pakistan’s remittances fall 19% to $2bn in…
Saudi Arabia ready to invest more in Pakistan amid currency crisis
Saudi Crown Prince Mohammad Bin Salman instructs studying investment increase to reach $10b, deposits to $5b. Saudi Arabia ready to…
Commercial banks refuse to issue letters of credit to edible oil importers
Edible oil importers, ghee manufacturers told their LoCs can’t be opened at interbank exchange rates. Commercial banks refuse to issue…
Markup rates for export financing raised to 13%
SBP raises export financing markup rates by 200 basis points. Markup rates for export financing raised to 13%. The State…
New Currency Notes with Governor Jameel Ahmad’s Signature to be Issued from Today: SBP
Jameel Ahmad was appointed SBP governor on August 19. New currency notes with Governor Jameel Ahmad’s signature to be issued…