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 ...
Tag: State Bank of Pakistan
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 ...
Pakistan’s Real Effective Exchange Rate index falls to 92.8 in January
In January, Pakistan's Real Effective Exchange Rate (REER) dropped significantly from 96.2 in December to 92.8, as reported by statistics ...
Pakistan’s current account deficit shrinks 90.2pc to $0.24bn in January
According to data released by the State Bank of Pakistan (SBP) on Monday, Pakistan's current account deficit decreased 90.19% to ...
The State Bank of Pakistan’s foreign exchange reserves surprisingly increase by $276 million
Surprisingly, the State Bank of Pakistan's (SBP) foreign exchange reserves rose by $276 million over the course of the week ...
Remittances sent by overseas Pakistani fell below $2 billion in January
Remittances sent by Pakistanis abroad reached a 31-month low of less than $2 billion in January, culminating in a loss ...
The refineries warn of a looming petrol crisis to hit Pakistan by mid-February
If the government does not handle the payment concerns of imported raw materials and additives needed by the industry, the ...
Pakistan to repay foreign debt worth $22 billion in 12 months
Pakistan is facing a looming risk of default as it has to repay foreign debt and interest worth approximately $22 ...
The SBP’s foreign exchange reserves decreased to $3.7bn
The State Bank of Pakistan's (SBP) foreign exchange reserves decreased to $3.678 billion, a record nine-year low, during the week ...