ISLAMABAD: On Thursday, the State Bank of Pakistan (SBP) issued a clarification, stating that both the green and blue Rs75 banknotes hold legal tender status. This clarification came in response …
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The State Bank of Pakistan (SBP) has suspended the authorization of five Exchange Companies of B-category with immediate effect until further notice. The suspended private exchange companies are as follows: …
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ISLAMABAD: The State Bank of Pakistan today reported a 5.3 percent month-on-month increase in the inflows of remittances in September 2023. According to the SBP’s data, overseas workers’ remittances recorded …
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Bank deposits ISLAMABAD: Certain sections of the media, on the basis of a statement given by Deputy Governor of State Bank of Pakistan (SBP), Dr. Inayat Hussain during the meeting …
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Economy
Pakistani Rupee (PKR) Emerges as September’s Top-Performing Currency: Bloomberg Report
by Hamza Irshadby Hamza IrshadPakistani Rupee Bloomberg reported on Thursday that the caretaker government’s continued crackdown on illegal dollar trade in Pakistan is propelling the Pakistani rupee to become the top-performing global currency in …
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$165 million ISLAMABAD: Pakistan is set make repayment to the IMF of $165 million under the General Resources Account (GRA) Repurchase (EFF) on Sept 29, 2023. This payment represents a …
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DERA ISMAIL KHAN: In an effort to promote economic stability and increase female workforce participation, the State Bank of Pakistan (SBP) has introduced interest-free loans for unemployed women to initiate …
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Economy
SBP Introduces ‘Diamond’ Category in Sohni Dharti Remittance Program
by Hamza Irshadby Hamza IrshadSohni Dharti Remittance Program KARACHI: The State Bank of Pakistan (SBP) has launched a new ‘Diamond’ category within the Sohni Dharti Remittance Program (SDRP) to further encourage remittances through formal …
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Digital Retail Banks KARACHI/ISLAMABAD: In a bid to foster financial inclusion and availability of digital financial services, the State Bank of Pakistan (SBP) has granted Approval for establishing five more …
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Post-tax profit ISLAMABAD: The half-year post-tax profit of banks operating in Pakistan doubled and amounted to Rs 284 billion during the Jan-June 2023 period. In the corresponding period of the …