Pakistan’s total foreign reserves reach $8.86 billion
Pakistan’s total liquid foreign reserves stood at $8,863.8 million while reserves held by the central bank reached $3,536.9 million. The State Bank of Pakistan, in...
State Bank of Pakistan
Workers’ remittances up by 7.9pc to $2.7bn in August
The overseas workers’ remittances recorded an inflow of $2.7 billion during August 2022, posting an increase of 7.9 per cent as compared with the previous...
No tax amnesty scheme without approval from NA, IMF assured
Pakistan has to compulsorily get approval from the National Assembly before launching a Tax Amnesty Scheme, according to IMF conditions for the economic bailout to...
SBP maintains policy rate of 15%
State Bank of Pakistan on Monday maintained its policy rate at 15 per cent to cool the overheating economy and contain the current account deficit,...
Jameel Ahmad appointed SBP governor
The federal government on Friday appointed Jameel Ahmad as the State Bank of Pakistan (SBP) governor for five years. The notification issued by the Finance...
Pakistan assures IMF to increase petroleum levy by Rs50/litre
Pakistan has assured the International Monetary Fund (IMF) to gradually increase the levy on petroleum products up to Rs50 per litre, well-placed sources said Wednesday. ...
Pakistan’s exports to China likely to touch $4bn mark this year
Pakistan’s exports to China have registered an 11 per cent increase in the first half of this year and with this momentum it is likely...
20 banks in a race to win digital banking license in Pakistan
State Bank of Pakistan (SBP) has so far received 20 applications for digital banking against the announced five licenses to be awarded soon to the...
SBP imposes penalty on five banks for regulatory violation
KARACHI: The State Bank of Pakistan (SBP) has slapped a monetary penalty of Rs57.834 million on five major banks for violating regulatory instructions regarding general...
Pakistan’s forex reserves fall $400m to $22.08bn for 8th straight week
KARACHI: Pakistan’s foreign exchange reserves dropped for the eighth successive week by $400 million (1.78 percent) to reach $22.08 billion. According to data released by...