SBP Foreign exchange reserves decline dramatically
Foreign exchange reserves held by the State Bank of Pakistan (SBP) fell to a critical level of $5.82 billion after…
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State Bank of Pakistan
Pakistan receives $500 million from AIIB
Pakistan received $500 million from the Asian Infrastructure Investment Bank.
The Finance Ministry said in its…
In October, foreign direct investment in Pakistan dips 62% to $95 million
Karachi: In October 2022, net foreign direct investment (FDI) in Pakistan fell 62% to $95 million, compared to…
Rupee depreciation worsened by dollar paucity
Karachi: Importers are expected to open letters of credit (LCs) worth millions for the remainder of the week,…
State Bank directs banks to remain open on April 30
The State Bank of Pakistan (SBP) on Thursday announced that all banks and their…
PKR continues to depreciate against USD in the interbank market
The United States Dollar (USD) along with some other currencies continued to appreciate against the Pakistani rupee…
SBP issues bank timings as per six-day working week
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued new banking timings after federal government’s…
PM Imran Khan launches Raast, Pakistan’s first instant digital payments…
Prime Minister Imran Khan on Tuesday launched Pakistan’s first instant person-to-person digital payment system,…
SBP takes steps to put an end to US Dollar Smuggling
The State Bank of Pakistan (SBP) has taken an important decision to curb the rapidly declining foreign exchange…
SBP announces New Regulations on Car Finance
Islamabad: The State Bank of Pakistan (SBP), in its recent notification, has announced a new policy for consumers…
