Exchange firms can sell 20% of remittances in open market: State Bank of Pakistan
Exchange companies (ECs) have been allowed to trade 20% of remittances in the open market to ease pressure on the rupee, ...
Tag: State Bank of Pakistan
Stocks fall 230 points in early trade after the attack on Imran Khan
On Friday, the benchmark KSE-100 index fell as soon as trading got underway, sending stocks into the red. At 9:30 ...
SBP’s Foreign Exchange Reserves Down $157m To $7.4b
According to data released by the State Bank of Pakistan, foreign exchange reserves of the central bank drop by $157 ...
SBP governor says Pakistan will not default
The governor of the State Bank of Pakistan (SBP) played down growing international concern that Pakistan could not be able ...
ADB transfers $1.5 billion loan to Pakistan: SBP sources
Citing sources from the central bank, the Asian Development Bank (ADB) transferred a $1.5 billion loan to Pakistan on Wednesday. ...
Fitch downgrades Pakistan’s credit rating amid worsening liquidity, policy risks
As Pakistan's liquidity and fiscal policy risks continue to rise, the US-based global rating agency Fitch Ratings downgraded Pakistan's long-term ...
Exchange rate and price mechanism
Since August 2021, the State Bank of Pakistan's (SBP) foreign exchange reserves have been falling, reaching a low of about ...
SBP reserves hit a three-year low of $7.59bn
The rupee also edged lower for a second day as the central bank's foreign exchange reserves dropped by $303 million ...
Remittances hit a four-month low in September
Remittances from Pakistanis living overseas decreased to a four-month low of $2.44 billion in September 2022. In September 2022, compared ...
PKR’s upward march continues with Rs1.84 gain in interbank
Tuesday's early interbank trade saw the PKR increase by Rs1.84 against the dollar, the ninth session in a row that ...
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