Pakistan experienced a significant 32.3% surge in net Foreign Direct Investment (FDI) during the first four months of FY25, reaching $904.3 million, according to data released by the State Bank of Pakistan (SBP) on Monday. This marks a notable improvement from the $683.5 million recorded during the same period last fiscal year.
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Pakistan Posts $349 Million CA Surplus in October 2024
Karachi, November 18, 2024 – Pakistan recorded a current account (CA) surplus of $349 million in October 2024, a notable improvement from a deficit of $287 million in the same month last year, according to data released by the State Bank of Pakistan (SBP).
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SBP Celebrates Women Entrepreneurship Day 2024 in Pakistan
Karachi, November 16, 2024 – The State Bank of Pakistan (SBP) has announced that it will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, across the country, with key events at its 16 field offices. The primary ceremony will be held at SBP headquarters in Karachi, featuring a keynote address by Governor Jameel Ahmad.
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SBP Suspends Operations of Islamabad Exchange Company
Karachi, November 15, 2024 – The State Bank of Pakistan (SBP) announced on Friday that it has suspended the authorization of M/s Islamabad Exchange Company (Pvt.) Limited with immediate effect, citing violations of regulatory rules and guidelines.
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SBP Modernizes Agriculture Loan Process with New Alternatives
Karachi, November 15, 2024 – The State Bank of Pakistan (SBP) has introduced streamlined procedures and documentation requirements for agricultural loans, aiming to simplify the process for farmers and financial institutions alike.
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SBP Issues Foreign Exchange Rates for November 15, 2024
Today, November 15, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Pakistan’s Net Forex Reserves Increase to $15.966 Billion
Karachi, November 14, 2024 – Pakistan’s foreign exchange (forex) reserves saw a slight increase, reaching $15.966 billion by the end of the week on November 8, 2024, according to the State Bank of Pakistan (SBP). This marks an increase of $34 million from the previous week’s level of $15.932 billion, signaling a positive but modest uptick in the country’s forex reserves.
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SBP Issues Foreign Exchange Rates for November 14, 2024
Today, November 14, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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SBP Raises Rs 776 Billion Through T-Bill Auction
Karachi, November 13, 2024 – The State Bank of Pakistan (SBP) secured Rs 776 billion through its latest auction of Market Treasury Bills (MTBs) on Wednesday, marginally short of the Rs 800 billion target set for the auction.
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SBP Issues Foreign Exchange Rates for November 13, 2024
Today, November 13, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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