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SBP denies reports of issuing plastic currency series

The State Bank of Pakistan (SBP) Saturday refuted "baseless" news reports suggesting that the central bank was mulling issuing polymer (plastic) banknotes series. "SBP strongly...

Pakistan’s foreign reserves rise $17m to $7.91bn

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $17 million on a weekly basis, reaching a total of...

SBP issues statement on misprinted banknotes

KARACHI: Responding to the recent controversy about the half-printed banknotes, the State Bank of Pakistan (SBP) on Wednesday said internal controls are being “further...

Misprinted Rs1000 notes emerge in National Bank

A branch of National Bank of Pakistan (NBP) in Karachi received misprinted currency notes of Rs1000 denomination issued by the State Bank of Pakistan...

Ramadan 2024: SBP notifies new bank timings

The State Bank of Pakistan (SBP) on Monday revised its office and business timings for the month of Ramazan, 2024. “During the ensuing month of...

Pakistan’s foreign exchange reserves stand at US$ 13,020mn: SBP

KARACHI: Pakistan’s total foreign exchange reserves stood at US$ 13,020 million as of 1st March 2024 after a decrease of US$ 18.5 million, ARY...

Pakistan’s foreign reserves stand at US$13,097.8m: SBP

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) have dropped to US$ 8,012.8 million after a decrease of US$44...

1500 Prize Bond – Check winners’ details here

The citizens of Pakistan used to buy Prize Bonds for decades, hoping to win big cash prizes, despite very low chances of winning the...

Pakistan’s foreign reserves stand at US$ 13,149.1m: SBP

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at US$8,056.5 million after an increase of US$13 million as...

SBP suspends licenses of three exchange companies

KARACHI: The State Bank of Pakistan (SBP) on Tuesday suspended the license of three exchange companies in Karachi, ARY News reported. As per the notification,...

Pakistan’s remittances increase by 1pc in January 2024: SBP

KARACHI: Remittances sent by overseas Pakistani workers registered an increase of 1 per cent MoM basic to $2.53 billion in January 2024 as compared...

Pakistan’s foreign exchange reserves drop by US$78.9m: SBP

KARACHI: Pakistan’s total liquid foreign exchange reserves decreased US$78.9 million and stood at US$13,262.5 million as of January 26, 2024, as reported by ARY...

Pakistan to get new currency notes of all denominations

KARACHI: The State Bank of Pakistan (SBP) has in principle decided to introduce new currency notes across all denominations following a rise in complaints...

Monetary Policy: SBP keeps interest rate unchanged at 22pc

The State Bank of Pakistan (SBP) on Monday decided to keep the interest rate unchanged at 22 per cent, ARY News reported.  The announcement was...

Pakistan’s foreign reserves stands at US$ 13,341.4m

KARACHI: Pakistan’s total liquid foreign reserves stood at $13,341.4 million as of January 19, 2024, as reported by ARY News quoting the State Bank...

SBP launches FX matching platform for interbank deals

KARACHI: The State Bank of Pakistan (SBP) has announced to launch FX Matching aimed at enhancing the transparency of the foreign exchange market, ARY...

Pakistan’s foreign reserves drop to $13.145 billion

KARACHI: Pakistan’s liquid foreign exchange reserves dropped to 13.1451 billion US dollars as of 12th January, ARY News reported quoting the State Bank of...

UAE rolls over $2 billion loan to Pakistan

ISLAMABAD: Following a request from Pakistan, United Arab Emirates (UAE) has rolled over $2 billion for one year to Pakistan, ARY News reported citing...

Pakistan records current account surplus of $397m in December 2023: SBP

The State Bank of Pakistan has reported an improvement in its current account balance from July to December of the current fiscal year, ARY...

Pakistan’s total liquid foreign reserves reach $13.2b

KARACHI: The total liquid foreign reserves of Pakistan increased to US$ 13,256.6 million while reserves held by State Bank reached $ 8,154.8 million in...
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