Over 55000 points ISLAMABAD: The KSE-100 Index showcased an impressive surge, gaining 841.05 points or 1.55%, reaching over 55000 points on Friday morning, at 09:57 am. The trading volume observed …
SBP
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Economy
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The State Bank of Pakistan (SBP) has officially announced a bank holiday on November 9, 2023, in observance of Allama Iqbal Day. This decision aligns with the earlier announcement made …
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On Friday, the Pakistan Stock Exchange (PSX) achieved a significant milestone as its benchmark KSE-100 index surpassed the 53,000-point mark. The index rose by 378.58 points, or 0.72% to reach …
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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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On Wednesday, the Pakistan Stock Exchange (PSX) achieved a significant milestone as its benchmark KSE-100 index surpassed the 52,000-point mark. The index rose by 422.36 points, or 0.81%, closing at …
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Economy
Pakistan’s State Bank Foreign Exchange Reserves Dip by $219.8 Million in Latest Weekly Report
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $219.8 million or 2.85% week-on-week (WoW) to $7.49 billion during the week ending on October 20, …
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Record Profit ISLAMABAD: The State Bank of Pakistan (SBP) has disclosed its financial performance showing a record profit of Rs 1.14 trillion for the fiscal year ending on June 30, …
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IT Exporters ISLAMABAD: In order to facilitate the IT exporters to boost the exports of IT and IT-enabled services, SBP has increased the permissible retention limit of IT exporters from …
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Economy
The Economy of Pakistan still faces multiple challenges amid different factors: SBP Annual report
Challenges ISLAMABAD: The State Bank of Pakistan (SBP) released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2022-23. According to the report, Pakistan’s economy …
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Deficit ISLAMABAD: In September, Pakistan’s current account deficit shrank to a mere $8 million, marking a remarkable 98% reduction from the previous year. This development was attributed to increased remittances …