ISLAMABAD: The State Bank of Pakistan has launched a probe into the circulation of a video on the social media about the half-printed currency notes. In the video, purportedly filmed …
State Bank of Pakistan
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Economy
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Sports
PHC requests feedback from PCB and State Bank of Pakistan regarding the PSL sponsorship issue
by Hamza Irshadby Hamza IrshadPESHAWAR: On Wednesday, the Peshawar High Court directed the Pakistan Cricket Board (PCB) and the State Bank of Pakistan to respond to a petition concerning the alleged sponsorship of the …
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On February 15, 2024, the State Bank of Pakistan (SBP) reported an increase in the foreign exchange reserves, climbing by $12.5 million or 0.16% WoW to reach $8.06 billion for …
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Throughout the year, the opening of new accounts decreased by 25.86% YoY, with 139,898 new accounts compared to the previous year’s 188,696.
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KARACHI: The State Bank of Pakistan (SBP) has suspended the authorization of an Exchange Company categorized as ‘B,’ known as M/s Usman International Exchange Company –B (Pvt) Limited, with immediate …
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Economy
Pakistan’s total debt and liabilities Increase by 29 percent in FY23
by Umar Sohailby Umar SohailKARACHI: Pakistan’s total debt and liabilities experienced a notable increase of 29% in the fiscal year 2023, reaching Rs77.104 trillion, up from Rs59.772 trillion in FY22, according to data released …
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Economy
Government plans to borrow Rs. 11.09 trillion from banks: Aug-Oct Auction Calendar
by Umar Sohailby Umar SohailKARACHI: During the upcoming three months of FY24 (August-October), the federal government has devised a plan to borrow Rs 11.09 trillion from the domestic banking system. The auction calendar reflects …
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KARACHI: The Pakistani rupee experienced a depreciation of Rs2 against the US dollar in the interbank market on Monday. The dollar-rupee exchange rate surged to 288 rupees in the inter-bank …
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ISLAMABAD: Finance Minister Ishaq Dar announced that the friendly country, United Arab Emirates (UAE), has provided Pakistan with $1 billion in financial assistance today. Finance Minister Ishaq Dar announced during …
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Latest Updates
Government Decides to Sell House Building Finance Company
by Umar Sohailby Umar SohailISLAMABAD: The government has announced its decision to sell the House Building Finance Company (HBFC) through a negotiated deal. However, the authorities deferred the decision regarding the appointment of a …