Pakistan’s foreign exchange reserves held by the State Bank dropped sharply by $2.65 billion due to external debt repayments. Despite the fall, the country received new commercial and multilateral loans …
foreign exchange
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Business
The State Bank of Pakistan Keeps Interest Rate Unchanged at 12% Amid Inflation and External Pressures
by Hamza Irshadby Hamza IrshadIslamabad, Mar 10 2025: The State Bank of Pakistan (SBP) has announced that the policy rate will remain unchanged at 12%, citing a decline in inflation and concerns over external …
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KARACHI: In a bold move aimed at addressing financial challenges and adhering to stringent conditions set forth by the International Monetary Fund (IMF), the Pakistan International Airlines (PIA) Board of …
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In February 2024, Pakistan experienced a substantial surge of 20% in textile exports on a year-on-year basis, according to data released by the All Pakistan Textile Mills Association (APTMA) on …
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Latest Updates
PIA Faces Operational Challenges as Nine Aircraft Grounded Due to Spare Parts Shortage
ISLAMABAD: The prolonged delay in the privatization of Pakistan International Airline (PIA) has created a significant strain on the operational dynamics of the national carrier, with reports indicating that nine …
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Economy
IMF Highlights Pakistan’s Need for $71.88 Billion External Financing Over Next Three Years
by Hamza Irshadby Hamza IrshadExternal Financing Pakistan is facing a significant financial challenge as the International Monetary Fund (IMF) emphasizes the country’s need for external financing amounting to $71.88 billion over the next three …
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ISLAMABAD: The State Bank of Pakistan (SBP) reported that its foreign exchange reserves increased by $14 million or 0.18% WoW, reaching $7.51 billion at the end of the week on …
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Economy
MEBL Announces Plans to Establish Exchange Company with Rs1bn Paid-up Capital
by Hamza Irshadby Hamza IrshadExchange Company Meezan Bank Limited (PSX: MEBL) Board of Directors has approved the establishment of an Exchange Company with an initial paid-up capital of up to Rs1 billion, as revealed …
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EconomyLatest Updates
Overseas Pakistanis invested $2.38 billion in saving certificates through Roshan Digital Account: State Bank report
So far, 342,611 accounts have been opened from around 175 counties across different Pakistani banks. In the month of January alone, the overseas Pakistanis deposited $222mn into RDA, indicating the …
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Through Roshan Digital Account, overseas Pakistanis have invested $2.32 billion in Naya Pakistan Certificates because of an attractive rate of return on certificates, ranging from 9.5 to 11 percent.