Pakistan’s remittances clock in at just over $2bn in July
The inflow of remittances from abroad employees fell 7.3% month on month to $2.03 billion in July 2023, from $2.2 ...
Tag: State Bank of Pakistan
Intra-day update: Rupee Maintains Stability Against US Dollar
During the first hours of trading on Thursday, the Pakistani rupee stayed mostly unchanged against the US dollar. In the ...
Surplus in Current Account Maintained for Fourth Consecutive Month
According to SBP data released Tuesday, Pakistan's current account produced a surplus for the fourth consecutive month in June 2023, ...
IMF deposits $1.2 billion into SBP’s account: Ishaq Dar
The International Monetary Fund (IMF) has deposited $1.2 billion into the State Bank of Pakistan's (SBP) account, bolstering the cash-strapped ...
Year-on-Year Decline: Pakistan’s Workers’ Remittances Witness a 15.9% Drop in 2022-23
Remittances from Pakistani employees declined 15.9% year on year to $27 billion in FY2022-23 compared to 2021-22. According to figures ...
SBP’s forex reserves rise to $4.46 billion
The State Bank of Pakistan said on Thursday that Pakistan's central bank's foreign exchange reserves climbed by $393 million to ...
Govt debt stocks hit all-time high of Rs59 trillion
Because of extensive borrowing from local and global resources, the federal government's total debt stocks reached an all-time high of ...
Governor SBP unveils Rs 75 commemorative banknote to mark 75 SBP years
In a ceremony performed at the SBP Museum on Tuesday, Governor State Bank of Pakistan Jameel Ahmad revealed a commemorative ...
Policy rate hike part of IMF agreement: Pasha
An agreement in principle has been struck with the International Monetary Fund (IMF) for an Rs300 billion adjustment, with Rs215 ...
State Bank of Pakistan Jacks up key rate to record high of 22%
Following the withdrawal of its import guideline, the State Bank of Pakistan's (SBP) Monetary Policy Committee resolved in an emergency ...