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SBP

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…

SBP increases monetary policy rate to six percent

KARACHI: The State Bank of Pakistan on Friday decided to raise the monetary policy by 25 bps to six percent, in order to preempt overheating of the economy and inflation breaching its target rate, considering that the policy decision would…