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 ...
Tag: State Bank of Pakistan
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 ...
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 ...
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 ...