Pakistan’s forex reserves climb to $ 13.8 Billion
The Foreign exchange reserves registered a surge of $3 million, bringing up the level to $7.96 billion during the week ...
Tag: State Bank of Pakistan
Pakistan’s default risk spikes reach a new high of 64.2%
On Monday, the five-year currency default swap (CDS) index for Pakistan increased 4.2 percentage points to a new high of ...
State Bank introduces whistle blowing forum to discourage unauthorized Forex activities
State Bank of Pakistan (SBP) introduced, on Friday, a ‘Whistle Blowing Forum’ for the identification of unauthorised foreign exchange activities ...
Remittances drop by 9.1% in Oct against Sept
The State Bank of Pakistan (SBP) announced on Friday that remittances fell by 9.1% in October to $2.22 billion from ...
Policy Measures Resulted in Stability to PKR value, SBP Governor Apprises Ishaq Dar
The State Bank of Pakistan (SBP) governor has met Finance Minister, Senator Ishaq Dar, in which they discussed the fiscal ...
Stocks jump 318 points on expected $13 billion from Saudi Arabia, China
The stock market opened the week in green owing to Finance Minister Ishaq Dar’s announcement last week that Pakistan had secured ...
Exchange firms can sell 20% of remittances in open market: State Bank of Pakistan
Exchange companies (ECs) have been allowed to trade 20% of remittances in the open market to ease pressure on the rupee, ...
Stocks fall 230 points in early trade after the attack on Imran Khan
On Friday, the benchmark KSE-100 index fell as soon as trading got underway, sending stocks into the red. At 9:30 ...
SBP’s Foreign Exchange Reserves Down $157m To $7.4b
According to data released by the State Bank of Pakistan, foreign exchange reserves of the central bank drop by $157 ...
SBP governor says Pakistan will not default
The governor of the State Bank of Pakistan (SBP) played down growing international concern that Pakistan could not be able ...