SBP modifies foreign exchange regime
Move aims to promote documentation in forex transactions, encourage public to use banking channels. SBP modifies foreign exchange regime. The…
State Bank of Pakistan
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Pakistan’s current account deficit shrinks by 42% to $703m
SBP cites $0.5b increase in exports; contraction in imports by $0.2b as main reasons. Pakistan’s current account deficit shrinks by…
RDA inflows reach $5 billion mark in 24 months
Inflows of remittances during the month of August were recorded at $187 million: SBP RDA inflows reach $5 billion mark…
Pakistan’s REER falls to 93.2 in July
A Real Effective Exchange Rate below 100 means a country’s exports are competitive, while imports are expensive Pakistan’s REER falls…
Qatar Investment Authority considering about $3bn investment in Pakistan: report
$445-billion QIA currently evaluating strategic investments in country’s main airports in Islamabad/Karachi as well as other sectors. Qatar Investment Authority…
President Alvi appoints Jameel Ahmed as SBP governor
President gave the approval on the advice of the PM Shehbaz Sharif under Article 48(1) of the Constitution. President Alvi…
Pakistan’s regional exports increase 16.97 percent
China tops the list of countries in terms of Pakistan’s exports to its neighbouring. Pakistan’s regional exports increase 16.97 percent….
Pakistan’s external debt of $95 bn is low: SBP
State Bank of Pakistan (SBP) acting Governor Murtaza Syed on Friday said that Pakistan’s external debt of $95 billion is…
Pakistan & IMF to strike deal after budget approval
Pakistan requests IMF to enhance programme to $8bn instead of $6bn. ISLAMABAD: The talks between the Pakistani authorities and International…
Rupee breaches 211-a-dollar barrier on delay in revival of IMF programme
“Currency will continue to fall until Pakistan manages to strike a deal IMF,” analyst says. KARACHI: The Pakistani rupee remained…