Auto financing dips for eighth consecutive month
The amount of outstanding auto financing declined for the eighth consecutive month at the end of February, data released by ...
Tag: State Bank of Pakistan
Further hike in policy rate on the cards as inflation runs deep in Pakistan
State Bank of Pakistan (SBP) is expected to jack up the key policy rate in its upcoming Monetary Policy Committee ...
SBP receives $500mln from Chinese bank
Finance Minister Senator Ishaq Dar on Friday said that the State Bank of Pakistan (SBP) received $500 million from Chinese ...
Pakistan’s remittances fall 9.5% to $2bn in February
The amount of money that foreign workers sent home in remittances decreased by 9.5% to $2 billion in February 2023 ...
Rupee loses momentum, depreciates to settle at 279.12 against US dollar
After three successive gains, the Pakistani rupee reverted to its losing ways against the US dollar, depreciating 0.45% on Wednesday. ...
Ex-SBP chief says Pakistanis need to get rid of conspiracy theories
Reza Baqir, a former governor of the State Bank of Pakistan (SBP), has stated that for Pakistan to advance, it ...
SBP Raises Policy Rate to 27-Year High with 300 Basis Point Increase
In response to growing inflation, the State Bank of Pakistan (SBP) said on Thursday that it had raised the interest ...
SBP reschedules monetary policy meeting rate hike expected
The Monetary Policy Committee meeting has been announced by the State Bank of Pakistan (SBP) for March 2 — two ...
Shares lose over 300 points on fears of earlier-than-expected rate hike
Shares at the Pakistan Stock Exchange (PSX) slid on Thursday on fears that the central bank may raise the policy ...
Foreign direct investment doubles to $222m on inflows from China, Japan
Following a net divestment in December 2022, foreign direct investment (FDI) increased significantly in January, rising from $110 million to ...