The State Bank of Pakistan has confirmed that all banks and DFIs have surrendered unclaimed deposits up to December 31, 2023. Citizens with valid claims can now approach their respective …
SBP
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Pakistan’s Bitcoin Wallet Unveiled, But Crypto Ban Isn’t Going Anywhere… For Now
by Hamza Irshadby Hamza IrshadThe concerns related to crypto ban being lifted emerge from the fact that Pakistan has only recently exited the FATF’s grey list.
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Pakistan’s Economic Outlook: CA Surplus, Surging Remittances and Record Low Inflation
by Hamza Irshadby Hamza IrshadGoing forward, Pakistan’s Economic Outlook report projects inflation to stay between 1.5-2.0% in May, going up to 3-4% in June.
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Islamabad, 27 May 2025: SBP, the State Bank of Pakistan, reportedly acquired foreign currency worth $223 million from the interbank market in February 2025, as part of its ongoing intervention …
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Business
Pakistan Receives $1.023 Billion from IMF as Second Tranche Under EFF Programme
by Web Deskby Web DeskThe State Bank of Pakistan confirmed the receipt of $1.023 billion from the IMF as the second tranche under the Extended Fund Facility. The development comes amid regional tensions, with …
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Pakistan Receives $1.02 Bn Second Tranche from IMF
by Umar Sohailby Umar SohailIslamabad: The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received the second installment under the Extended Fund Facility (EFF) from the International Monetary Fund (IMF), amounting …
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Pakistan Repays $3.8 Bln in External Debt in Q3
by Umar Sohailby Umar SohailKARACHI: Pakistan made external debt repayments amounting to over $3.8 billion during the third quarter of the ongoing fiscal year (FY2024–25), according to figures released by the State Bank of …
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SBP Urges Close Oversight of Dollar Outflows in Rising Tensions
by Umar Sohailby Umar SohailKARACHI: In response to the escalating hostilities with India, the State Bank of Pakistan (SBP) has issued instructions to commercial banks to closely monitor all foreign currency outflows, particularly transactions …
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Business
Rupee Falls for Third Straight Day Against US Dollar After SBP Interest Rate Cut
by Hamza Irshadby Hamza IrshadIslamabad, 6 May 2025: SBP Interest Rate Cut expectations offered little relief to the Pakistani rupee (PKR), which continued its downward trend against the US dollar, recording its third consecutive …
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SBP Surprises With Steeper Cut as Inflation Hits Bottom, says S&P
by Umar Sohailby Umar SohailIslamabad: The State Bank of Pakistan (SBP) delivered a larger-than-expected policy rate cut, lowering its benchmark interest rate by 100 basis points to 11%, as headline inflation eased to multi-month …