Tag: SBP

  • SBP Announces Updated Currency Exchange Rates for October 28

    SBP Announces Updated Currency Exchange Rates for October 28

    Karachi, October 28, 2025 – The State Bank of Pakistan (SBP) on Tuesday issued the official weighted average customer exchange rates for major global currencies, effective as of October 28, 2025.

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  • Rising inflation pushes SBP to maintain policy rate at 11%

    Rising inflation pushes SBP to maintain policy rate at 11%

    Karachi, October 27, 2025 – The State Bank of Pakistan (SBP) has decided to keep the benchmark policy rate unchanged at 11 percent during its Monetary Policy Committee (MPC) meeting held on Monday. The decision reflects the central bank’s cautious stance amid rising inflation and global economic uncertainties.

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  • SBP Updates Currency Exchange Rates for October 27, 2025

    SBP Updates Currency Exchange Rates for October 27, 2025

    Karachi, October 27, 2025 – The State Bank of Pakistan (SBP) has officially released the latest interbank and customer exchange rates for major foreign currencies for Monday, October 27, 2025.

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  • SBP Set to Review Benchmark Policy Rate: What to Expect?

    SBP Set to Review Benchmark Policy Rate: What to Expect?

    Karachi, October 26, 2025 – The State Bank of Pakistan (SBP) will hold its next Monetary Policy Committee (MPC) meeting on October 27, 2025, to review the benchmark interest rate.

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  • SBP Releases Updated Customer Exchange Rates for October 24, 2025

    SBP Releases Updated Customer Exchange Rates for October 24, 2025

    Karachi, October 24, 2025 – The State Bank of Pakistan (SBP) has released the updated customer exchange rates for Friday, October 24, 2025. These rates represent the weighted average buying and selling prices quoted by commercial banks to their clients for various foreign currencies.

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  • State Bank of Pakistan Updates Currency Exchange Rates – October 22, 2025

    State Bank of Pakistan Updates Currency Exchange Rates – October 22, 2025

    Karachi, October 22, 2025 – The State Bank of Pakistan (SBP) has officially updated the latest foreign currency exchange rates for Wednesday, providing a detailed overview of the weighted average customer rates across major global currencies.

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  • Foreign investors repatriate $752m from Pakistan in Q1FY26

    Foreign investors repatriate $752m from Pakistan in Q1FY26

    Karachi, October 21, 2025 — Foreign investors have repatriated $752 million in profits and dividends from Pakistan during the first quarter (July–September) of the fiscal year 2025–26, according to the latest official data.

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  • SBP Updates Average Exchange Rates for October 21, 2025

    SBP Updates Average Exchange Rates for October 21, 2025

    Karachi, October 21, 2025 – The State Bank of Pakistan (SBP) has released the latest average exchange rates for Tuesday, October 21, 2025.

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  • Pakistan’s foreign direct investment drops 34% in first quarter of FY2025-26: SBP

    Pakistan’s foreign direct investment drops 34% in first quarter of FY2025-26: SBP

    Karachi, October 20, 2025 – Pakistan recorded a 34% year-on-year decline in foreign direct investment (FDI) during the first quarter (July–September) of fiscal year 2025–26, according to data released by the State Bank of Pakistan (SBP) on Monday.

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  • Pakistan’s current account deficit widens 18% in first quarter of FY2025-26: SBP

    Pakistan’s current account deficit widens 18% in first quarter of FY2025-26: SBP

    Karachi, October 20, 2025 – Pakistan’s current account deficit (CAD) widened by 18% year-on-year during the first quarter (July–September) of fiscal year 2025–26, according to the latest data released by the State Bank of Pakistan (SBP) on Monday.

    As per the Balance of Payments report, the country recorded a current account deficit of $594 million during 1QFY26, compared to a deficit of $502 million in the same quarter last year. The increase reflects a widening gap in the balance of trade despite stronger inflows from workers’ remittances.

    The SBP highlighted that the balance on trade in goods registered a deficit of $7.53 billion in the first quarter of FY2025–26, up from $6.84 billion recorded in the corresponding period of FY2024–25.

    Similarly, the balance on trade in services also deteriorated slightly, posting a deficit of $931 million compared to $900 million in the previous year’s quarter. This brings the combined deficit in goods and services to $8.46 billion during July–September FY2025–26.

    On a positive note, workers’ remittances rose to $9.54 billion in the first quarter of FY2025–26, compared to $8.80 billion during the same period last fiscal year — a 9% year-on-year increase, indicating continued support from overseas Pakistanis.

    Economists note that while higher remittances and controlled imports helped contain the deficit, rising global oil prices and import-related pressures continue to weigh on Pakistan’s external account stability.