Interest rate hike to keep rupee stable next week
Rupee ended at 283.79 against dollar on Friday. Interest rate hike to keep rupee stable next week. Rupee is likely…
State Bank of Pakistan
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SBP-held reserves fall to less than a month’s import cover
Forex reserves have decreased by $345m to $4.2bn. SBP-held reserves fall to less than a month’s import cover. As Pakistan…
SBP directs banks to observe extended hours
It should be noted that during Ramadan, banks observe reduced hours. SBP directs banks to observe extended hours. At the…
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…
Gold price in Pakistan ticks up in lukewarm demand
“If inflation continues to rise, then gold might fall to the $1,730-$1,740 range.” Gold price in Pakistan ticks up in…
SBP gears up to ‘revise’ interest rates in off-cycle review on March 2
No MPC meeting held to date since last month, says SBP. SBP gears up to ‘revise’ interest rates in off-cycle…
Gold retreats once again in Pakistan, per tola price declines by Rs1,000
The price registered a meagre decline of $8 per ounce to settle at $1,818. Gold retreats once again in Pakistan,…
SBP forex reserves register meagre rise
Foreign exchange reserves increase to 3,258.5 million. SBP forex reserves register meagre rise. Foreign exchange reserves held by the State…
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…
Gold price in Pakistan falls by more than Rs4,000 per tola
Gold settles at Rs200,000 per tola. Silver falls Rs20 per tola. Gold price in Pakistan falls by more than Rs4,000…