No Google payments blocked, clarifies SBP
The SBP has contradicted the media reports that it held payments to Google. No Google payments blocked, clarifies SBP. The…
State Bank of Pakistan
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PSX takes a hammering after SBP’s sudden interest rate hike to highest since 1999
Benchmark KSE-100 index falls by over 950 points; analysts blame SBP’s decision to increase interest rate. PSX takes a hammering…
SBP hikes policy rate by 100bps to 16pc
Amid the on-going economic slowdown, inflation is increasingly being driven by persistent global and domestic supply shocks that are raising…
SBP’s reserves fall by $134m to $7.8bn
SBP-held foreign exchange reserves fall 1.7%. SBP’s reserves fall by $134m to $7.8bn. Pakistan’s foreign exchange reserves held by the…
SBP names banks responsible for increase in US dollar rate
There are reports that names of more banks involved in this scandal could surface in the coming days. SBP names…
Rupee continues downward spiral for third straight session
The local currency eased by Re0.22 or 0.10% versus the dollar to close at 221.91 compared to Monday’s close of…
SBP maintains policy rate at 15pc
Higher food prices could raise average headline inflation in FY23. SBP maintains policy rate at 15pc. The State Bank of…
Commemorative Rs75 banknote available for public
The central bank had revealed the design of the banknote during a ceremony. Commemorative Rs75 banknote available for public. The…
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…
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…