Remittances sent by overseas Pakistani fell below $2 billion in January
Remittances sent by Pakistanis abroad reached a 31-month low of less than $2 billion in January, culminating in a loss ...
Tag: State Bank of Pakistan
The refineries warn of a looming petrol crisis to hit Pakistan by mid-February
If the government does not handle the payment concerns of imported raw materials and additives needed by the industry, the ...
Pakistan to repay foreign debt worth $22 billion in 12 months
Pakistan is facing a looming risk of default as it has to repay foreign debt and interest worth approximately $22 ...
The SBP’s foreign exchange reserves decreased to $3.7bn
The State Bank of Pakistan's (SBP) foreign exchange reserves decreased to $3.678 billion, a record nine-year low, during the week ...
Shares at PSX jump over 600 points in early trade
The benchmark index of the Pakistan Stock Exchange (PSX), which tracks the performance of the market, surpassed the significant 40,000-point ...
Shares rally as SBP rate hike misses market expectations
For the second day in a row, shares at the Pakistan Stock Exchange (PSX) increased on Tuesday, with analysts attributing ...
SBP expected to raise rates by 100-200bps today to tame surging inflation
The State Bank of Pakistan (SBP) looks set to raise its key policy rate at its review today (Monday), as ...
SBP directs commercial banks to open accounts of mosques
State Bank of Pakistan (SBP) wrote letters to heads of commercial banks on Thursday directing them to open accounts for ...
Pakistan’s REER index falls further to 96.2 in December
In December, Pakistan's Real Effective Exchange Rate (REER) dropped significantly from 98.9 in November to 96.2 in December, according to ...
Current account deficit recorded at $0.4 billion in Dec 2022: SBP
According to data issued by the State Bank of Pakistan (SBP) on Wednesday, Pakistan's current account deficit decreased dramatically from ...
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