KARACHI: Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index is projected to soar around 30% in the next 13 months to a record high at 75,000 points in December 2024, signalling […]
SBP injects huge amount into banking system | The Express Tribune
KARACHI: Pakistan’s central bank has injected a significantly large amount of Rs4.77 trillion into the banking system for up to four weeks to enable conventional and Shariah-compliant banks to meet […]
SBP declares banks to remain closed on Allama Iqbal Day – SUCH TV
The State Bank of Pakistan (SBP) has officially declared a bank holiday on November 9, 2023, to commemorate Allama Iqbal Day. This decision has been taken in accordance with the […]
Rupee continues to slide on 10th day | The Express Tribune
KARACHI: The Pakistani currency continued its slide for the tenth consecutive working day, reaching a one-month low above Rs284 against the US dollar in the interbank market on Friday. According […]
SBP keeps key policy rate unchanged at 22pc | The Express Tribune
KARACHI: In line with market expectations, Pakistan’s central bank has left its benchmark policy rate unchanged at a record high of 22% for the third time in a row in […]
Customer deposits ‘perfectly safe’, clarifies SBP | The Express Tribune
The State Bank of Pakistan on Thursday clarified that customer deposits are “perfectly safe” owing to the sound banking system in Pakistan. The clarification by the central bank comes following reports […]
Forex reserves fall by $59m to $7.64b | The Express Tribune
KARACHI: The State Bank of Pakistan (SBP) reported a 0.76% decrease in its foreign exchange reserves on a week-on-week basis, with the total now standing at $7.64 billion. According to […]
Forex reserves rise by $56.4m to $7.7b | The Express Tribune
KARACHI: The State Bank of Pakistan (SBP) has reported a 0.74% increase in its foreign exchange reserves on a week-on-week basis, with the total now standing at $7.7 billion. According […]
SBP brings incentives to attract remittances | The Express Tribune
KARACHI: The central bank has announced new incentives effective from June 1, 2023 to encourage banks and authorised exchange companies to attract additional remittances from overseas Pakistanis, which is expected […]
SBP keeps interest rate unchanged at 22% – SUCH TV
The Monetary Policy Committee of the State Bank of Pakistan (SBP) has kept the key policy rate unchanged at 22%. “At its meeting today, the Monetary Policy Committee (MPC) decided […]