SBP
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Business
Pakistan’s Foreign Reserves Rise for 15th Straight Week
KARACHI: Pakistan’s foreign exchange reserves, managed by the State Bank of Pakistan (SBP), climbed by $18 million to reach $11.17…
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Business
Pakistan’s Foreign Exchange Reserves Dip Below $16 Billion
Karachi: Pakistan’s foreign exchange reserves fell below the $16 billion mark this week, as reported by the State Bank of…
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Business
Business Leaders Urge Deeper Rate Cuts to Drive Economic Growth
The recent 2.5% cut in the State Bank of Pakistan’s (SBP) policy rate has prompted a mixed response from the…
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Business
SBP Monetary Policy Committee Announces Major Rate Cut
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) met today to announce a significant policy change.…
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Business
Business Leaders Urge SBP to Cut Policy Rate
KARACHI: Amid a significant slowdown in inflation, business leaders have urged the State Bank of Pakistan (SBP) to cut policy…
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Business
Pakistani Rupee Gains Against US Dollar, Forex Reserves Rise
KARACHI: The Pakistani rupee (PKR) appreciated by 18 paisa against the US dollar (USD) in interbank trading on Friday. The…
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Business
Raast Hits PKR 20 Trillion in Digital Transactions
Raast, Pakistan’s instant payment system, has processed 892 million transactions, with a total value of PKR 20 trillion. The system,…
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Business
IMF Warns of Dangers in Pakistan’s Sovereign-Bank Nexus
ISLAMABAD: The International Monetary Fund (IMF) has raised concerns over the deeply entrenched nexus between Pakistan’s government, the central bank,…
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Business
SBP Reserves Surge to $10.7 Billion After IMF Loan
The State Bank of Pakistan (SBP) witnessed a significant increase in its foreign exchange reserves this week. According to data…
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Business
Pakistan Receives First Loan Tranche of $1 Billion From IMF
The State Bank of Pakistan (SBP) has received the first loan tranche of around $1.027 billion from the International Monetary…
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Business
Pakistan Govt Revises Rules for Securities Buyback and Exchange Programs
The Pakistan government has officially revised the rules governing buyback and exchange programs for securities. This significant change aims to…
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Business
Pakistani Rupee Strengthens Slightly Against US Dollar
KARACHI – The Pakistani rupee appreciated by 0.03% against the US dollar in the inter-bank market on Friday, closing at…
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Business
SBP Cuts Interest Rate to 17.5% as Inflation Drops
The State Bank of Pakistan (SBP) reduced its key policy rate by 200 basis points to 17.5%, effective from September…
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Business
State Bank of Pakistan Announces Results of Banknote Design Art Competition
The State Bank of Pakistan (SBP) is pleased to announce the results of the art competition held for the design…
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Business
Foreign Exchange Reserves Decrease by $36.4 Million
Karachi: The State Bank of Pakistan (SBP) reported a decline of $36.4 million in the country’s foreign exchange reserves over…
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Business
Pakistani Rupee Slightly Devalues Against USD
The Pakistani Rupee (PKR) slightly devalued by Rs 0.6 against the US Dollar in interbank trading on Tuesday, closing at…
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Business
SBP Designates Domestic Systemically Important Banks (D-SIBs) for 2024
The State Bank of Pakistan (SBP) has designated Domestic Systemically Important Banks (D-SIBs) for the year 2024. This decision is…
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Business
Pakistan to Introduce New Currency Notes by End of the Year
Pakistan will be introducing new currency notes by the end of this year, according to Jameel Ahmed, Governor of the…
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Business
SBP Holds Policy Rate Steady at 22%
SBP Maintains 22% Policy Rate: Monetary Policy Statement In its recent announcement, the State Bank of Pakistan (SBP) upheld the…
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Business
SBP Launches Commemorative Rs. 75 Banknote
In a tribute to its rich history and contributions to the nation’s economy, the State Bank of Pakistan (SBP) has…
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Business
Pakistani Rupee Strengthens Against Dollar
KARACHI (Commerce Reporter) – In a historic move, Pakistani rupee has gained strength against the dollar. This comes after the…
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Business
Dollar Value Fluctuates in Interbank and Open Market
KARACHI – On Wednesday, the dollar’s value witnessed mixed interbank and open market movements. According to the State Bank of…
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Business
Pakistan Foreign Exchange Reserves Rise to $4.3B
KARACHI: The State Bank of Pakistan (SBP) on Thursday, released data showing that the Pakistan foreign exchange reserves held by…
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