Pakistan’s remittances fall 9.5% to $2bn in February
The amount of money that foreign workers sent home in remittances decreased by 9.5% to $2 billion in February 2023 ...
Tag: State Bank of Pakistan
Rupee loses momentum, depreciates to settle at 279.12 against US dollar
After three successive gains, the Pakistani rupee reverted to its losing ways against the US dollar, depreciating 0.45% on Wednesday. ...
Ex-SBP chief says Pakistanis need to get rid of conspiracy theories
Reza Baqir, a former governor of the State Bank of Pakistan (SBP), has stated that for Pakistan to advance, it ...
SBP Raises Policy Rate to 27-Year High with 300 Basis Point Increase
In response to growing inflation, the State Bank of Pakistan (SBP) said on Thursday that it had raised the interest ...
SBP reschedules monetary policy meeting rate hike expected
The Monetary Policy Committee meeting has been announced by the State Bank of Pakistan (SBP) for March 2 — two ...
Shares lose over 300 points on fears of earlier-than-expected rate hike
Shares at the Pakistan Stock Exchange (PSX) slid on Thursday on fears that the central bank may raise the policy ...
Foreign direct investment doubles to $222m on inflows from China, Japan
Following a net divestment in December 2022, foreign direct investment (FDI) increased significantly in January, rising from $110 million to ...
Pakistan’s Real Effective Exchange Rate index falls to 92.8 in January
In January, Pakistan's Real Effective Exchange Rate (REER) dropped significantly from 96.2 in December to 92.8, as reported by statistics ...
Pakistan’s current account deficit shrinks 90.2pc to $0.24bn in January
According to data released by the State Bank of Pakistan (SBP) on Monday, Pakistan's current account deficit decreased 90.19% to ...
The State Bank of Pakistan’s foreign exchange reserves surprisingly increase by $276 million
Surprisingly, the State Bank of Pakistan's (SBP) foreign exchange reserves rose by $276 million over the course of the week ...
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