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SBP might cut interest rate in new monetary policy today

The State Ban of Pakistan (SBP) is likely to slash interest rate in new Monetary Policy Committee (MPC) today (Monday), ARY News reported. Governor SBP...

State Bank of Pakistan might cut key policy rate on July 29

As the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is being held on July 29 to decide the interest rate,...

SBP to unveil monetary policy on July 29

The State Bank of Pakistan (SBP) will announce Monetary Policy on July 29 in a meeting of the Monetary Policy Committee (MPC). The MPC will...

Pakistan’s foreign exchange reserves stand at US$14.7bn

KARACHI: Pakistan’s total liquid foreign reserves stood at US$14.7 billion as of 12th July, ARY News reported citing the State Bank of Pakistan. The central...

Banks to remain closed for two days next week

KARACHI: Banks across Pakistan will remain closed for two days next week on the occasion of Ashura (9th & 10th Muharram) on 16 and...

Pakistan’s foreign exchange reserves stand at US$14.57bn

KARACHI: Pakistan’s foreign exchange reserves increased by US$365.7 million to reach US$14.57 billion as of 28th June, ARY News reported citing the State Bank...

Pakistan’s foreign exchange reserves stand at US$14.2bn

KARACHI: Pakistan's foreign exchange reserves stood at US$14.207 billion as of June 21, ARY News reported citing the State Bank of Pakistan (SBP). According to...

Pakistan’s current account deficit drops to $464mn: SBP

KARACHI: Pakistan's current account deficit has seen a substantial reduction over the past 11 months, dropping by $3.3 billion to a mere $464 million,...

Pakistan’s foreign exchange reserves stand at US$14.41bn

KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $31 million on a weekly basis,  ARY News reported. The...

Pakistan’s foreign exchange reserves stand at US$14.38bn

KARACHI: Pakistan's foreign exchange reserves increased by US$168 million in the first week of June, reaching US$14.38 billion, ARY News reported citing the State...

Eidul Adha: Bank holidays announced

KARACHI: The banks in Pakistan will remain closed for four consecutive days as the State Bank of Pakistan (SBP) announced public holidays on account...

SBP slashes interest rate to 20.5pc

KARACHI: In a big move, the State Bank of Pakistan announced on Monday to cut the interest rate by 150 basis points (bps) to...

SBP to announce monetary policy today

The State Bank of Pakistan (SBP) is all set to announce monetary policy for the upcoming 45 days today (Monday), ARY News reported. According to...

Workers’ remittances increased by 54.2pc YoY in May

ISLAMABAD: Remittances sent by overseas Pakistanis remittances recorded an inflow of US$3.2 billion during May 2024, ARY News reported citing the State Bank of...

Pakistan’s foreign exchange reserves decreased by US$ 99.8mn

KARACHI: Pakistan's total liquid foreign exchange reserves decreased by US$ 99.8 million during the week ended on May 31, ARY News reported citing the...

Pakistan’s foreign exchange reserves stand at US$ 14.31bn

KARACHI:  The foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at US$ 9.093 billion after a decrease of US$ 63...

Banks to remain closed on Tuesday

KARACHI: Following the government announcement to observe a public holiday on May 28, 2024, all banks remain closed for public dealing on Tuesday across...

SBP to introduce QR code payment for sacrificial animals purchase

KARACHI: The State Bank of Pakistan (SBP) is likely to introduce QR code payment mechanism through Raast to facilitate the purchase of sacrificial animals...

Roshan Digital Account inflows drop by 6% in April

KARACHI: The inflow of remittances under the Roshan Digital Account (RDA) in April dropped by 6 percent less than the $18.20 billion sent in...

Pakistan’s foreign exchange reserves stand at US$ 14,58bn

KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by US$22 million, reaching US$9.15 billion from $9.13 billion as...
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