ADB transfers $1.5 billion loan to Pakistan: SBP sources
Citing sources from the central bank, the Asian Development Bank (ADB) transferred a $1.5 billion loan to Pakistan on Wednesday. ...
Tag: State Bank of Pakistan
Fitch downgrades Pakistan’s credit rating amid worsening liquidity, policy risks
As Pakistan's liquidity and fiscal policy risks continue to rise, the US-based global rating agency Fitch Ratings downgraded Pakistan's long-term ...
Exchange rate and price mechanism
Since August 2021, the State Bank of Pakistan's (SBP) foreign exchange reserves have been falling, reaching a low of about ...
SBP reserves hit a three-year low of $7.59bn
The rupee also edged lower for a second day as the central bank's foreign exchange reserves dropped by $303 million ...
Remittances hit a four-month low in September
Remittances from Pakistanis living overseas decreased to a four-month low of $2.44 billion in September 2022. In September 2022, compared ...
PKR’s upward march continues with Rs1.84 gain in interbank
Tuesday's early interbank trade saw the PKR increase by Rs1.84 against the dollar, the ninth session in a row that ...
SBP’s Rs. 75 Commemorative Note Made Available for Public From Tomorrow
For the 75th anniversary of Pakistan's independence, the State Bank of Pakistan (SBP) released a commemorative banknote worth 75 rupees. ...
Saudi confirms rollover of $3-bn deposit for a year: State Bank of Pakistan
The State Bank of Pakistan said, the Saudi Fund for Development has indicated it will extend a $3 billion deposit ...
Pakistan’s remittances go up with $2.7 Billion in August
Despite a rise in inflation that has pushed the cost of living up globally in the post-Covid era, overseas Pakistanis ...
PKR remains under pressure, falls by Rs1.64 in interbank
On Monday, the rupee declined by Rs1.64 in the interbank market as it continued to lose strength against the dollar. ...