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Pakistani Rupee performance improved further on Friday as the currency gained 16 paisa against the US Dollar in interbank trading, closing at Rs. 282.06. This marks its strongest level in nearly two months, signaling renewed stability in the foreign exchange market. PKR Strengthens Against Dollar The rupee’s appreciation against the dollar reflects positive sentiment among …
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The State Bank of Pakistan (SBP) has launched a special Rs. 75 commemorative coin to honor the courage of Pakistan’s armed forces during the historic Marka-e-Haq. The coin also celebrates Independence Day, reflecting national pride and the country’s enduring commitment to its defenders. The release marks a symbolic gesture of unity, strength, and remembrance. Purpose …
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Pakistan’s central bank has kept the policy rate unchanged at 11 percent, signaling a cautious stance amid a changing inflation outlook. In its meeting on July 30, 2025, the Monetary Policy Committee (MPC) noted a drop in headline inflation to 3.2 percent in June, mainly due to lower food prices. Core inflation also edged down. …
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In a move that caught many analysts off guard, the State Bank of Pakistan (SBP) kept its key policy rate unchanged at 11% on July 30, 2025. The central bank’s decision came amid easing inflation and growing calls for further cuts to support economic recovery. However, concerns over energy prices and future inflation risks appear …
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The keyword monetary policy took center stage as the Pakistan Stock Exchange (PSX) witnessed a notable dip on Tuesday in SBP. Investors opted for caution ahead of the State Bank of Pakistan’s (SBP) interest rate announcement, resulting in profit-taking and a sharp fall in the benchmark index. Index Retreats After Hitting Highs The KSE-100 Index …
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The stock market ended flat on Friday after a record-setting rally earlier in the week, as investors locked in profits while remaining optimistic about upcoming corporate earnings and possible monetary policy easing. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index saw mixed movement throughout the session. It reached an intraday high of 140,585.38 points—up 1,919.89 …
The Pakistan Stock Exchange (PSX) continued its record-breaking streak on Wednesday, as the benchmark KSE-100 Index surged past the 130,000-point milestone for the first time in history. The index closed at 130,344.03 points, marking a sharp gain of 2,144.61 points or 1.67% from the previous close. During the day, the index touched an intraday high …
The State Bank of Pakistan (SBP) is set to launch PRISM+ digital upgrade—a major overhaul of the country’s national payment infrastructure—starting June 16, 2025. This initiative, introduced under SBP’s Vision 2028, aims to enhance transparency, efficiency, and security in digital transactions across financial institutions. Key Features of PRISM+ PRISM+ is based on the ISO 20022 …
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Amid tight fiscal constraints imposed by the International Monetary Fund (IMF), the government is mulling a 5% to 7.5% increase in salaries and pensions for public sector employees in the upcoming Budget 2025–26. The Pakistan Peoples Party (PPP), a key coalition partner, is pushing for a 10% raise, either in the budget announcement or during …
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To ease the rush of cash transactions during Eid ul Adha, the State Bank of Pakistan (SBP) has launched a countrywide campaign promoting digital cattle payments. The “Go Cashless” initiative, which began on May 19, 2025, aims to digitize buying and selling in 54 designated cattle markets nationwide. Boosting Digital Transactions The campaign will run …
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The KIBOR decline followed the State Bank of Pakistan’s (SBP) decision to cut the policy rate by 100 basis points to 11%, surpassing market expectations. As a result, interbank lending rates for various tenors dropped significantly on Tuesday, signaling a broader shift in the country’s monetary landscape. Major Reductions Across Tenors According to Arif Habib …
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The Pakistan Stock Exchange (PSX) opened on a strong note Tuesday. The benchmark KSE-100 Index surged after the State Bank of Pakistan (SBP) delivered an unexpected interest rate cut. The central bank reduced the policy rate by 100 basis points to 11%. This is the largest cut since June 2024. The move signals easing inflation …
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In a move welcomed by the business community, the SBP interest rate cut brought the policy rate down to 11% on May 5, 2025. The State Bank of Pakistan’s Monetary Policy Committee (MPC) made the decision following sharp declines in inflation and signs of economic stability. Inflation at Historic Low April’s inflation dropped to just …
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Pakistan’s economic recovery gained significant momentum in the first half of FY25, according to the State Bank of Pakistan’s latest report. Featuring the keyword “economic recovery,” the State of Pakistan’s Economy, Half Year Report FY25 outlines a sharp drop in inflation, a surplus current account, and the lowest fiscal deficit since FY05, marking a major …
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The State Bank of Pakistan (SBP) has released its annual Financial Stability Review (FSR) for 2024, highlighting a notable recovery in the country’s economic and financial landscape. The report, mandated under Section 39(3) of the SBP Act, 1956, evaluates the performance, risks, and resilience across key financial segments including banks, microfinance banks (MFBs), development finance …
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In a powerful push to boost financial literacy in Pakistan, the State Bank of Pakistan (SBP), in collaboration with commercial banks, universities, and partner institutions, organized financial literacy walks across 16 major cities. These events drew thousands of enthusiastic participants from all walks of life, united under one cause—building a financially aware and empowered society. …
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ISLAMABAD: Pakistan achieved a major economic milestone in March 2025, recording a record-breaking $1.2 billion current account surplus, according to the latest data released by the State Bank of Pakistan (SBP). This historic monthly surplus marks a sharp reversal from the deficits posted in January and February, signaling a potential recovery in the country’s external …
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Islamabad, April 15 — Fitch Ratings on Monday upgraded Pakistan’s long-term foreign-currency issuer default rating to ‘B-’ from ‘CCC+’, reflecting improved fiscal management, stabilised external accounts, and stronger economic policymaking. The outlook remains stable. The upgrade signals renewed investor confidence in Pakistan’s ability to enforce reforms under its ongoing International Monetary Fund (IMF) programme. The …
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Despite ongoing challenges, Pakistan’s economy is showing signs of stability, with external payments and financial reforms at the center of the recovery plan. State Bank of Pakistan (SBP) Governor Jameel Ahmad revealed on Monday that out of $26 billion in external obligations for the current fiscal year, $16 billion are expected to be rolled over …
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The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q2 FY25. The report summarizes the latest trends in digital payments and highlights key developments in the country’s payment landscape. Pakistan’s digital payment ecosystem continued to expand in Q2 FY25. Retail transactions grew by 11% in volume, reaching 2,143 million. The …
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The State Bank of Pakistan (SBP) has denied claims that it is not issuing fresh banknotes for Eid-ul-Fitr. The central bank continues its tradition of providing new banknotes to commercial banks. This ensures the public can access fresh currency notes during the festive season. Read: Husband Sets Wife on Fire After She Objects to His Infidelity …
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The State Bank of Pakistan (SBP) has reaffirmed that it is issuing fresh banknotes for Eid-ul-Fitr, countering claims that new currency notes are unavailable. The central bank has already distributed Rs. 27 billion in fresh banknotes to 17,000 commercial bank branches across the country. This move ensures the public can access crisp new notes during …
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The State Bank of Pakistan (SBP) may announce a 50-basis-point (bps) interest rate cut in its upcoming Monetary Policy Committee (MPC) meeting on March 10, according to Arif Habib Limited (AHL). The falling inflation rate has created room for further monetary easing, but the central bank faces a delicate balancing act between economic growth and …
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