SBP
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Business
Rupee Reaches One-Month High Against USD
Friday was the third day in a row that the Pakistani currency kept going up, and it recovered to around…
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Business
Rupee’s Winning Streak of Five Days Comes To An End
The Pakistani rupee had been going up for five days in a row, but on Tuesday, it lost 0.24% on…
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Breaking
Pakistan in Talks with IMF to Boost Reserves and Tighten Monetary Policy
State Bank of Pakistan (SBP) and the International Monetary Fund (IMF) held a round of talks to discuss the possibility…
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Business
SBP Releases Data on Country’s Foreign Exchange Reserves
The State Bank of Pakistan (SBP) has released data on the country’s foreign exchange reserves. According to the SBP, the…
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Business
SBP-held Foreign Exchange Reserves Fall Another Critical Level
An extremely critical level of $5.82 billion was reached by the State Bank of Pakistan’s (SBP) foreign exchange reserves on…
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Business
SBP to Lift Ban on LCs, from 2 January
After the news was published on the Daynews.tv about Suzuki company, Toyota, and Indus Motors made an announcement about suspending…
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Business
Old Design Banknotes will not be exchanged after December 31
Karachi: The Federal Government vide Gazette Notification had extended the last date for exchange ability of old banknotes of Rs…
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Pakistan
Indus Motor Company Closes Business
Within four days, two major motor car companies closed down their business. First Millat Tractor company closed down its business,…
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Pakistan
Commerce Minister Meets SBP Governor
On Sunday, Federal Commerce Minister, Syed Naveed Qamar met the governor of the State Bank of Pakistan to discuss financial…
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War on Gaza
Pakistan Might Lose Google Play Store Services
Pakistan might lose google play store services because the SBP did not pay the due amount to international service providers…
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Business
PM inaugurates Sohni Dharti Remittance Program
Islamabad: The Prime Minister of Pakistan Imran Khan, inaugurated the Sohni Dharti Remittance Program (SDRP) offered jointly by the State…
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Business
SBP releases Annual Report on The State of Pakistan’s Economy
Karachi: The State Bank of Pakistan released today its Annual Report on the State of Pakistan’s Economy reviewing the fiscal…
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Business
SBP revises Prudential Regulations for Consumer Financing to moderate import and demand growth
Karachi: The State Bank of Pakistan (SBP) has revised Prudential Regulations (PRS) for Consumer Financing. This targeted step will help…
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Business
SBP to issue a statement about policy rate today
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is scheduled to announce the policy rate…
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Business
Pakistan to receive loan from IMF to retire debts in FY22
Islamabad: In the coming fiscal year, the government intends to borrow roughly $16 billion in gross foreign loans to cover…
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Business
SBP to observe a bank holiday on first Ramzan
KARACHI: The State Bank of Pakistan (SBP) will be closed for public dealings on the first Roza which will be…
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Uncategorized
Petrol Crisis 2020, Bilawal Demands PM to step down
KARACHI: On the fuel crisis 2020, Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari has demanded the resignation of the…
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Business
Govt to maintain the control of SOEs
ISLAMABAD: Even if a new Act of Parliament is approved, the federal government will have a powerful presence in state-owned…
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Business
SBP records highest growth in Islamic banking assets
KARACHI: State bank of Pakistan (SBP) in a statement has reported that the overall assets and deposits of the Islamic…
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Business
SBP reserves increase by $13b, report
KARACHI: The foreign exchange reserves of the State Bank of Pakistan (SBP) were recorded at $13 billion in the week…
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Business
The Dollar continues to depreciate
Karachi: The US dollar depreciated against the rupee in both the foreign exchange markets on Friday. As a result, the…
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Business
Dollars rate spikes in the interbank market
Karachi: US dollar, against Pakistani rupee, increases in the interbank market by 5 paisa on the first day of the…
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Business
Policy rates remain at 7 percent: State Bank
Karachi: Monetary Policy Statement issued by State bank of Pakistan. 1. At its meeting on 22nd January 2021, the Monetary…
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