SBP foreign reserves decreased by $555 million
Foreign reserves held by the State Bank of Pakistan (SBP) have decreased by $555 million to $7.83 billion due to external debt payments. Pakistan’s total...
State Bank of Pakistan (SBP)
MCB allowed due diligence for acquiring 55pc shares of EasyPaisa
The State Bank of Pakistan (SBP) has granted conditional approval to Muslim Commercial Bank (MCB) to conduct due diligence for a potential transaction for the...
Forex reserves fall $230m to $23.49bn
Pakistan’s forex exchange reserves dropped by $230 million (-0.96 percent) on a week-on-week basis to stand at $23.49 billion. According to data released by the...
Remittances fall 14.9pc to $2.14bn in January
KARACHI: Remittances from overseas workers declined by 14.9 percent on a month-on-month (MoM) basis in January 2022, amounting to $2.14 billion. The State Bank of...
SBP warns banks of penal action for delaying transaction alerts
KARACHI: The State Bank of Pakistan (SBP) has warned commercial banks of harsh penal action for delaying transmitting transaction alerts to their account holders. The...
President directs UBL to pay Rs3.73m LTLD to woman entrepreneur
ISLAMABAD: President Dr Arif Alvi has directed United Bank Limited (UBL) to pay a woman entrepreneur Local Taxes and Levies Drawback (LTLD), worth over Rs3.73...
Forex reserves fall $123m to $25.03bn: SBP
KARACHI: Pakistan’s foreign exchange reserves decreased by $123 million to $25.03 billion by the week ended December 10, 2021. According to the State Bank of...
Pakistan’s exports surged mere $2bn last decade
From 2010 t0 2019, Pakistan’s exports averaged $23 billion, while India and China averaged $293 billion and $2.2 trillion respectively. KARACHI: Pakistan’s exports during the...
Federal cabinet endorses pact on $3bn Saudi aid
Sources confirmed that Pakistan would pay the Saudi government a 4 percent yearly profit on the amount deposited by Saudi Development Fund in SBP. ISLAMABAD:...
Pakistan’s external debt jumps $13bn in a year: SBP
KARACHI: Pakistan’s external debt and liabilities have increased by $13 billion (11.4 percent) during the last year. According to the statistics released by the State...