State Bank of Pakistan
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Business
SBP Confirms Fresh Banknote Issuance for Eid
The State Bank of Pakistan (SBP) has denied claims that it is not issuing fresh banknotes for Eid-ul-Fitr. The central…
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Business
Visa Urges SME Digital Payments to Unlock $121 Billion
Karachi: Visa (NYSE: V) has released a whitepaper emphasizing the benefits of digitizing SME payments. The report highlights over $121…
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Blog
Benefits and Disadvantages of Prize Bonds in Pakistan: What’s in Store for People?
Prize bonds are one of the most popular investment options in Pakistan. They offer an opportunity for people to try…
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Business
SBP Foreign Exchange Reserves Drop Slightly
The State Bank of Pakistan’s (SBP) foreign exchange reserves saw a small decline of $15.3 million, or 0.13%, during the…
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Business
Foreign Reserves Decrease, Total Reserves Show Modest Growth
Karachi: Pakistan’s official foreign reserves have decreased, while the country’s total reserves saw a slight increase. According to the latest…
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Business
SBP Reserves Decline After Weeks of Growth
KARACHI: The State Bank of Pakistan (SBP) reported a drop of $228 million in its foreign exchange reserves, which fell…
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Business
Pakistan’s Foreign Reserves Fall to $16.37 Billion
Pakistan’s liquid foreign reserves dropped to $16.37 billion as of December 20, 2024. The State Bank of Pakistan (SBP) reported…
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Business
112% Increase in Profit Repatriation from Foreign Investments
Karachi: In the first five months of the current fiscal year, foreign investors increased their repatriation of profits and dividends…
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Business
KCCI Urges SBP to Cut Policy Rate by 400 Basis Points
The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to reduce the…
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Business
Banks to Remain Open on Weekend for Hajj Applications
To assist intending pilgrims for Hajj 2025, the State Bank of Pakistan has announced that 15 designated banks will remain…
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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
SBP Expected to Announce Key Interest Rate Decision
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is set to announce its key interest rate…
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Business
PSX Hits All-Time High Amid Post-26th Amendment Gains
KARACHI: The Pakistan Stock Exchange (PSX) surged to a new all-time high on Tuesday, driven by strong post-26th Amendment gains.…
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Business
26th Constitutional Amendment Bill Sets Deadline for Interest-Free Banking by 2028
The recently passed 26th Constitutional Amendment Bill, 2024, has set a firm deadline of January 1, 2028, to eliminate interest-based…
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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
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
Pakistani Rupee Gains Slightly Against US Dollar, Euro Declines
Karachi: The Pakistani Rupee (PKR) appreciated by 09 paisa against the US Dollar (USD) on Tuesday in the interbank market,…
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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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