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SBP

SBP increases monetary policy rate to 7.5 percent

KARACHI: State Bank of Pakistan on Saturday announced to increase the monetary policy by 100 basis points to 7.50 percent effective from July 16, to curb demand and ensure near-term stability. According to a statement by the monetary…

Govt establishes Daimer-Basha and Mohmand Dam Fund

KARACHI: The government has established a fund named the "Daimer-Basha and Mohmand Dam Fund 2018" for raising funds for construction of the two dams in the country. The fund shall receive donations and contributions from both domestic…

Pakistani rupee strengthens against US Dollar

KARACHI: The rupee strengthened against the US dollar at Rs121.45/121.65 in the inter-bank market on Friday compared with Thursday’s close of Rs121.6/121.8. With reference to the past week, rupee value is on the verge of continuous…

SBP unveils Rs50 coin in honour of Dr. Ruth Pfau

KARACHI: State Bank of Pakistan (SBP) on Tuesday unveiled a commemorative coin worth Rs50 in recognition of meritorious services rendered by Pakistan's Mother Teresa" Dr. Ruth Katherina Martha Pfau, ARY News reported. The coin was…

Pakistani rupee weakens sharply against dollar

ISLAMABAD: Pakistan's rupee weakened sharply against the dollar on Tuesday in what appeared to be a currency devaluation by the central bank, traders said, the second such intervention in the last three months. The rupee plunged to about…