Reserves held by the SBP have increased to $4.46 billion
As the country attempts to acquire external finance and stay afloat, the State Bank of Pakistan's (SBP) foreign exchange reserves ...
Tag: State Bank of Pakistan
Banks to remain open this weekend to facilitate tax collection
On April 29 and 30, 2023 (Saturday and Sunday), all authorized branches of banks will open and operate with extended ...
Govt’s Bank Borrowings Increase by 182% to Reach Rs. 3 Trillion
Bank lending to the federal government increased by 182% in the first nine months of the current fiscal year, while ...
Forex reserves up by $400 million
Due to loan inflows, the country's total liquid foreign exchange reserves increased by $ 400 million in the last week. ...
Current Account Balance (CAB) recorded $654 million surplus in March
In March 2023, the Current Account Balance (CAB) showed a surplus of $654 million, whereas in February 2023, it was ...
SBP Will Not Issue New Currency Notes on Eid ul Fitr
On Thursday, the State Bank of Pakistan (SBP) declared that it will not issue fresh currency notes for Eidul Fitr ...
Golden Jubilee of Constitution: SBP launches Commemorative Coin of Rs50
In order to commemorate the Constitution's promulgation 50 years ago, the State Bank of Pakistan (SBP) will release a commemorative ...
Rupee recovers Rs1.8 against the dollar in the interbank market
On Wednesday, the rupee gained Rs1.81 against the dollar in the interbank market. The State Bank of Pakistan stated that ...
Overseas workers’ remittances up 27.4% MoM, clock in at $2.5bn in March
The inflow of remittances from abroad employees increased significantly in March 2023, reaching $2.5 billion, up 27.4% from $1.98 billion ...
The private sector experiences a 74% decrease in bank lending
Due to an uncertain situation brought on by the ongoing political and economic instability, the private sector is now forced ...