Karachi, September 14, 2023 – The governor of the State Bank of Pakistan (SBP) has revealed that Pakistan will require $24 billion for foreign repayment during the fiscal year 2023-24.
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Pakistan’s Current Account Deficit Shrinks by 54% in First Two Months of FY24
Karachi, September 14, 2023 – Pakistan’s current account deficit (CAD) has seen a substantial reduction of 54 percent during the first two months of the fiscal year 2023-24, according to data from the State Bank of Pakistan (SBP).
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SBP Reports $140 Million Decline in Official Foreign Exchange Reserves
Karachi, September 14, 2023 – The State Bank of Pakistan (SBP) has disclosed a decrease of $140 million in its official foreign exchange reserves for the week ending September 8, 2023.
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SBP Surprises Markets by Keeping Benchmark Policy Rate Unchanged at 22%
Karachi, September 14, 2023 – In a surprising move, the State Bank of Pakistan (SBP) announced on Thursday that it would maintain the benchmark policy rate at the existing level of 22 percent, contrary to various forecasts of an anticipated rate hike.
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SBP Releases Foreign Currency Rates in Pakistan for September 14, 2023
Karachi, September 14, 2023: The State Bank of Pakistan (SBP) on Thursday issued foreign currency rates for September 14, 2023.
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SBP Releases Foreign Currency Rates in Pakistan for September 13, 2023
The State Bank of Pakistan (SBP) on Wednesday released the official foreign currency exchange rates for September 13, 2023, reflecting the weighted average rates provided by commercial banks across the country.
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Government Bank Borrowing Surges by 72% in First Two Months of FY24
Karachi, September 13, 2023 – Government borrowing from banks has seen a substantial surge of 72 percent during the initial two months of the fiscal year 2023-24, as revealed by official data released on Tuesday.
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Bank Deposits Reach New Record High at Rs 26.11 Trillion
Karachi, September 12, 2023 – Pakistan’s bank deposits have surged to a historic high, reaching Rs 26.11 trillion by the end of August 2023, as per data released by the State Bank of Pakistan (SBP) on Tuesday.
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SBP Releases Foreign Currency Rates in Pakistan for September 12, 2023
Karachi, September 12, 2023: The State Bank of Pakistan (SBP) released the foreign currency exchange rates for September 12, 2023, based on the weighted average rates of commercial banks.
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SBP May Raise Benchmark Interest Rate to New High Amidst Inflation Woes
Karachi, September 12, 2023 – The State Bank of Pakistan (SBP) is likely to consider a substantial increase in the benchmark interest rate, potentially reaching a historic high above the current record of 22 percent.
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