KARACHI, August 22, 2024 – Pakistan’s foreign exchange reserves experienced a slight uptick, closing at $14.67 billion as of August 16, 2024, according to a report released by the State Bank of Pakistan (SBP) on Thursday. This marks a modest increase of $22 million from the previous week’s reserves, which stood at $14.645 billion on August 9, 2024.
(more…)Tag: SBP
-
SBP Issues Foreign Exchange Rates for August 22, 2024
Today, August 22, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
SBP Issues Foreign Exchange Rates for August 21, 2024
Today, August 21, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
Private Sector Loan Retirements Surge to Over Rs 400 Billion
KARACHI, August 20, 2024 – In a significant financial development, the private sector has retired over Rs 400 billion in loans from July 1 to August 9, 2024, according to data released by the State Bank of Pakistan (SBP) on Tuesday.
(more…) -
SBP Issues Foreign Exchange Rates for August 20, 2024
Today, August 20, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
SBP Issues Foreign Exchange Rates for August 19, 2024
Today, August 19, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
Pakistan’s Current Account Deficit Shrinks by 78% in July
Karachi, August 19, 2024 – Pakistan witnessed a sharp 78% reduction in its current account deficit for July 2024, driven by robust export performance and a surge in remittances. The State Bank of Pakistan (SBP) reported on Monday that the deficit for the month stood at $162 million, a significant improvement from the $741 million recorded in July 2023.
(more…) -
SBP Raises SME Clean Lending Limit to Rs 10 Million
Karachi, August 16, 2024 – In a significant move to bolster the financing landscape for Small and Medium Enterprises (SMEs), the State Bank of Pakistan (SBP) announced on Friday an increase in the clean lending limit to Rs 10 million.
(more…) -
SBP Issues Foreign Exchange Rates for August 16, 2024
Today, August 16, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
Pakistan’s Forex Reserves Surge to $14.65 Billion
Karachi, August 15, 2024 – Pakistan’s foreign exchange reserves witnessed a significant uptick, climbing by $173 million to reach $14.65 billion by the week ended August 9, 2024, according to a statement released by the State Bank of Pakistan (SBP) on Thursday.
(more…)