The current account deficit for the first eleven months of this fiscal year stood at $464 million, according to the State Bank of Pakistan (SBP). The SBP’s recently released data […]
SBP cuts policy rate by 150bps to 20.5% – SUCH TV
The State Bank of Pakistan Monetary Policy Committee (MPC) on Monday reduced the policy rate by 150 bps to 20.5 percent, effective from June 11, 2024. The MPC noted that […]
Inflation plummets to 2.5-year low | The Express Tribune
ISLAMABAD: The inflation rate suddenly nosedived to a nearly two-and-a-half-year low of 11.8% in May due to a slump in food prices and some correction in fuel rates, opening a […]
Rupee dips to one-month low | The Express Tribune
KARACHI: Pakistani currency hit a one-month low at Rs278.47 against the US dollar in the inter-bank market on Wednesday, extending its losing streak for the third consecutive day in the […]
Rupee bounces back on rise in reserves | The Express Tribune
KARACHI: Pakistani currency regained Rs0.19 on Friday and closed at Rs278.21 against the US dollar in the inter-bank market following a surge in the central bank’s foreign exchange reserves to […]
Pakistan’s debt soars to record Rs81tr | The Express Tribune
ISLAMABAD: Pakistan’s total debt and liabilities increased at a double-digit pace to a new record of nearly Rs81 trillion during the past year, as the country grapples with finding new […]
External investment surges by 84% | The Express Tribune
KARACHI: Foreign portfolio investors are gradually returning to Pakistan’s debt and equity markets after a prolonged absence, marking a significant shift in market sentiment. The short-term external investment has surged […]
State Bank of Pakistan reserves rise over $9bn on IMF inflow – SUCH TV
Foreign reserves held by the State Bank of Pakistan (SBP) have increased to $9.12 billion after the disbursement of the last tranche of $1.1 billion loan from the International Monetary […]
SBP receives $1.1 billion IMF tranche amid high hopes of economic stability – SUCH TV
The State Bank of Pakistan (SBP) has received SDR 828 million (around $1.1 billion) from the International Monetary Fund (IMF) a day after the global lender approved the last tranche […]
Govt implements sweeping fiscal reforms to cut debt | The Express Tribune
ISLAMABAD: The federal government, on Monday, notified new fiscal rules to reduce its debt servicing cost by gradually tapping into trillions of rupees of public money that ministries and departments […]