SBP

As the economic crisis in Pakistan has worsened, a lot of criticism has been directed at the ruling PDM coalition, with a particular focus on Finance Minister Ishaq Dar. In …

ISLAMABAD: The US dollar continued to derail the Pakistani currency’s value in the inter-bank and open market trading from the day the government allowed its free-float to meet a condition …

ISLAMABAD: The foreign exchange reserves of the central bank further depleted, falling to a 10-year low, at $3.08 on Jan 27, 2023. In the last week of January, the SBP …

KARACHI: The State Bank of Pakistan on Monday increased the discount rate by 100 basis points, to 17 percent which is the record high since 1997. Governor SBP Jameel Ahmed …

SBP directs banks to open accounts of mosques, and seminaries within five days: SBP directs banks to open accounts of mosques, and seminaries within five days Following the completion of …

ISLAMABAD: The foreign exchange reserves of the State Bank of Pakistan marked a stunning growth of $258 million last week. The central bank, however, did not mention the source of …

ISLAMABAD: Thousands of containers loaded with important food items, medical equipment, and raw materials have been stuck up at Karachi port because of the foreign exchange crisis. Importers are not …

ISLAMABAD: The State Bank of Pakistan (SBP) has issued no objection certificates to five companies to establish digital banks. The companies are: (i) Easy Paisa DB (Telenor Pakistan B.V & …

ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar clearly stated that the government will not utilize the commercial banks foreign exchange reserves. Dar said, “The government would not take over foreign …

SBP’s Forex Reserves Skip To $4.5 Billion This Week: SBP’s Forex Reserves Skip To $4.5 Billion This Week ISLAMABAD: The State Bank of Pakistan’s foreign exchange reserves further fell to …