Against the dollar, the Pakistani rupee plunges and amid IMF deal impasse
The Pakistani rupee lost Rs17.89 versus the dollar during intraday trade on Thursday due to political and economic instability, sending ...
Tag: SBP
Interest rates will rise according to SBP’s off-cycle assessment
Investors claim that the State Bank of Pakistan (SBP) may increase interest rates this week in an off-cycle review as ...
The SBP’s foreign exchange reserves increased by $3 million to $7.96 billion
KARACHI: The State Bank of Pakistan's (SBP) foreign exchange reserves increased by $3 million to $7.96 billion as of November ...
SBP establishes a forum for reporting illegal money traffickers
KARACHI: To maintain accountability and integrity, the State Bank of Pakistan (SBP) has established a whistle-blower forum to help identify ...
SBP maintains its 15% interest rate as its monetary policy
KARACHI: The State Bank of Pakistan (SBP) decided on Monday to maintain its benchmark interest rate at 15% for the ...
Ishaq Dar, the finance czar, orders the head of SBP to pay LCs totaling $50,000
ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar declared on Sunday that $50,000 in letters of credit (LC) payments ...
Critical-level: Foreign exchange reserves continue to plummet
KARACHI: The State Bank of Pakistan's (SBP) foreign exchange reserves decreased by 4.07% once more, continuing the recent pattern that ...
Saudi Arabia renews Pakistan’s $3 billion deposits
On Sunday, the Saudi Fund for Development (SFD) announced that a $3 billion deposit for Pakistan that was due to ...
The rupee continues to plummet for the sixth session in a row
KARACHI: As the nation continues to experience an economic damage brought on by severe flooding, the Pakistani rupee continued to ...
Relieved sigh: After IMF tranche, forex reserves increase to $8.8 billion
KARACHI: After decision-makers secured a crucial loan from the International Monetary Fund, Pakistan's foreign exchange reserves increased to above $8 ...
The rupee is still under pressure as the dollar advances
KARACHI: As a result of a shift in the demand and supply conditions for the dollar in the currency market ...
Rupee continues to fall against the dollar as supply and demand pressures are still present
KARACHI: The fluctuation in the demand and supply of the US dollar in the currency market contributed to the Pakistani ...
The $113 million decrease in forex reserves is anticipated to be reversed next week with the addition of IMF profits now
$113 million KARACHI: The State Bank of Pakistan's (SBP) foreign exchange reserves decreased by 1.1% once more, continuing the general ...
SBP Governor Jameel Ahmad takes over
Jameel Ahmad President Dr. Arif Alvi authorised Jameel Ahmad's appointment as governor of the State Bank of Pakistan (SBP) for ...
Pakistan’s $1.2 billion current account deficit decreases by 45%
KARACHI: The coalition government's three-month import embargo was successful, as Pakistan's current account deficit—the difference between the nation's high foreign ...
In comparison to the rupee, the dollar maintains steady and gains marginally
KARACHI: The US dollar maintained its position on Thursday as it increased gains against the Pakistani rupee, halting an 11-day ...
The SBP’s foreign exchange holdings decreased by $190 million
KARACHI: The State Bank of Pakistan's (SBP) weekly fall in the country's foreign exchange reserves was sustained.According to data issued ...
In July, foreigners withdrew almost $28 million from bonds and T-bills
KARACHI: Although domestic bonds offered enticing returns of up to 16 percent, the net outflow in the first month of ...
Pakistan’s financial needs will be more than fully covered in FY23, according to SBP and the finance ministry
According to the State Bank of Pakistan (SBP) and the Ministry of Finance, the ongoing International Monetary Fund (IMF) programme ...
Pakistan’s external more financing requirements are $33.5 billion.
Pakistan's $33.5 billion external financing needs are fully met for the fiscal year 2022/23, according to the central bank chief, ...
Finance Minister Miftah Ismail would be proposed as the SBP governor the following week
ISLAMABAD: The government will name a new State Bank of Pakistan governor in the upcoming week, according to Finance Minister ...
The Pakistani rupee, which is still in shaky shape, drops to a new historic low of 224.92
KARACHI: The rupee's downward trend continued on Wednesday as ongoing political unrest caused the currency to plunge to a fresh ...
