Foreign exchange reserves fell by $36 million to $4.20 billion
The State Bank of Pakistan (SBP) reported on Thursday that its foreign exchange holdings decreased by $36 million to $4.20 ...
Tag: State Bank of Pakistan
Industry Strongly Criticizes 100 Basis Points Increase in Interest Rate
The business community on Tuesday questioned the government's strategy of fighting inflation by jacking up lending rates, saying the move ...
SBP hikes policy rate by 100bps to 21pc to rein in inflation
The State Bank of Pakistan (SBP) has decided to hike the policy rate by 100 basis points to 21 percent, ...
Intra-day update: rupee plunges to record low against US dollar
The Pakistani rupee registered a significant loss against the US dollar, depreciating nearly 1% during the early hours of trading ...
Intra-day update: rupee remains stable against US dollar
The Pakistani rupee remained largely unchanged against the US dollar during the early hours of trading in the inter-bank market ...
Intra-day update: rupee declines against US dollar
The Pakistani rupee recorded a marginal fall against the US dollar, depreciating 0.1% during the early hours of trading in ...
Remittances from the US rise 3% in the first eight months of FY23
The first eight months of the current fiscal year have seen a 3% yearly growth in remittances from Pakistanis working ...
SBP reserves jump to $4.6bn after Chinese inflow
On the week ending March 17, the nation's total foreign exchange reserves rose 2.3% to $10.14 billion. For the first ...
Import restrictions: Indus Motor suspends production again
Indus Motor Company Limited (INDU), the assembler and seller of Toyota-brand vehicles in Pakistan, has once again decided to shut ...
IMF Demands Prompt SBP to Consider Further Interest Rate Hike
The State Bank of Pakistan is anticipated to hike interest rates by an additional 2% at its upcoming Monetary Policy ...