Rupee weakens by Rs1.36 against dollar

KARACHI: The Pak Rupee weakened by Rs1.36 against the US dollar on Tuesday as demand persists for import payment. The rupee closed at Rs151.47 to the dollar from previous day’s close of... Read more »

Government borrows Rs3.2 trillion from SBP in 10 months: Economic Survey

ISLAMABAD: The government has borrowed Rs3.2 trillion from State Bank of Pakistan (SBP) for budget financing during first ten months of current fiscal year, Economic Survey of Pakistan revealed. The survey released... Read more »

National Savings to issue registered prize bonds in all denominations

ISLAMABAD: The Central Directorate of National Savings (CDNS) to issue scripless registered prize bonds amongst all denominations with objective to document the economy. Read more »

Economic Survey 2018/2019: SBP increases policy rate by 650bps in past 18 months

ISLAMABAD: State Bank of Pakistan (SBP) enhanced policy rate by 650 basis points during last 18 months (January 2018 to date) for macroeconomic stabilization. Read more »

Rupee depreciates Rs2.51 on higher import, corporate payments

KARACHI: The Pak Rupee ended down by Rs2.51 against dollar on Monday due to high demand for import and corporate payments as the currency market opened after a week. Read more »

Rupee falls by Rs1.60 against dollar in mid-day trading

KARACHI: The rupee fell by Rs1.60 to the dollar in mid-day trading on Monday due to higher demand for import and corporate payments in the interbank foreign exchange market as it was... Read more »

SBP issues Rs360 billion worth fresh currency notes on Eid-ul-Fitr

KARACHI: The State Bank of Pakistan (SBP) has issued Rs360 billion worth fresh currency notes on the occasion of Eid-ul-Fitr, said a statement on Monday. Read more »

SBP issues instructions for bank account biometric verification of Pakistanis living abroad

KARACHI: The State Bank of Pakistan (SBP) on Monday issued instructions for biometric verifications of bank account holders of Pakistanis living abroad. Read more »

Rupee weakens by 70 paisas ahead of weeklong Eid Holidays

KARACHI: The Pak Rupee weakened by 70 paisas against dollar on Monday owing to higher demand for import and corporate payments due to upcoming Eid holidays. Read more »

Rs52 million approved as interest free loan for students

KARACHI: The apex committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank) has... Read more »

Sindh Bank refuses Summit Bank merger plan

KARACHI: The board of directors of Sindh Bank Limited (SNBL) has refused the proposed merger of Summit Bank Limited into the SNBL. Read more »

Update: Rupee weakens 48 paisas in intraday trading

KARACHI: The Pak Rupee further weakened by 48 paisas against the US dollar in intraday trading on Monday ahead of Eid Holidays. The dollar is being traded at Rs 148.38 in Interbank... Read more »