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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...

FDI in Pakistan rises to $358.8mln in April: SBP

Foreign Direct Investment (FDI) surged 172 per cent year-on-year in April 2024, according to data released by the State Bank of Pakistan (SBP).  The inflow...

Real GDP grew by 1.7% in H1-FY2023-24: SBP

The State Bank of Pakistan (SBP) said that Pakistan’s macroeconomic conditions improved and real GDP grew by 1.7% while inflationary pressures remained at elevated...

Political uncertainty, inconsistent policies exacerbated economic situation: SBP

KARACHI: Political uncertainty and inconsistency in economic policies exacerbated the economic situation in Pakistan during the first six months of the current fiscal year...

Workers’ remittances increased by 27.9pc YoY in April

KARACHI: Remittances sent by overseas Pakistanis reached US$2.8 billion in April 2024 which represents a 27.9 percent increase as compared to the same month...

SBP to announce monetary policy tomorrow

KARACHI: The State Bank of Pakistan (SBP) will announce the Monetary Policy on Monday (tomorrow) after a meeting of the Monetary Policy Committee (MPC),...

Roshan Digital Account inflows soar to $7.660 bln in March 24

The inflow of remittances under the Roshan Digital Account (RDA) rose to $7.660 billion by the end of March 2024 as compared to $7.478...

Pakistan’s foreign exchange reserves stand at US$ 13,280.5m

KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by US$ 74 million to US$ 7,981.2 million due to...

Current Account records surplus of $619m in March

ISLAMABAD: The current account has witnessed a surplus of $619 million during the month of March 2024, the State Bank of Pakistan (SBP) reported...

SBP reserves stay above $8bn despite $1bn repayment

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by 14.4 million to $8.055 billion in the week ending...

SBP reports 13pc increase in imports

KARACHI: The State Bank of Pakistan reported an increase in imports and recorded the trade deficit by 34 percent on Monthly basis, ARY News...

Govt set to borrow from banks in last quarter of FY 2023-24

ISLAMABAD: The federal government has planned to borrow around Rs 5 trillion from banks in the last quarter of the current fiscal year (2023-24),...

SBP’s foreign exchange reserves up by $18.5m to $8.04b

The foreign exchange reserves of the State Bank of Pakistan (SBP) were up by $18.5 million to hit $8.04 billion during the week ended...

Pakistan’s foreign exchange reserves stand at US$ 13,427.6m: SBP

KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by US$ 4 million, reaching a total of US$ 8,021.9...

Pakistan’s foreign exchange reserves stand at US$ 13,390.7mn: SBP

KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $ US$ 105 million to US$ 8,017.9 million as...
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