Karachi, September 15, 2024 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam).
(more…)Tag: SBP
-
SBP Issues Foreign Exchange Rates for September 13, 2024
Today, September 13, 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 Announces Bank Holiday for Eid Milad-un-Nabi
Karachi, September 13, 2024 – The State Bank of Pakistan (SBP) has announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam), the celebration of the birth of Prophet Muhammad (PBUH).
(more…) -
Pakistan’s Foreign Exchange Reserves Inch Up to $14.796 Billion
Karachi, September 12, 2024 – Pakistan’s foreign exchange reserves recorded a modest increase of $56 million, bringing the total to $14.796 billion by the week ending on September 6, 2024.
(more…) -
SBP Issues Foreign Exchange Rates for September 12, 2024
Today, September 12, 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 Sharply Reduces Policy Rate by 200 bps to 17.5%
Karachi, September 12, 2024 – The State Bank of Pakistan (SBP) has announced a significant policy rate cut of 200 basis points (bps), bringing the rate down to 17.5%.
(more…) -
SBP Issues Foreign Exchange Rates for September 11, 2024
Today, September 11, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
(more…) -
Government Borrowing Plummets 58% in Initial Months of FY25
Karachi, September 11, 2024 – In a striking development, the federal government’s borrowing from scheduled banks for budgetary support nosedived by 58 percent during the first two months of fiscal year 2025 (FY25), signaling a significant shift in fiscal management compared to the same period last year.
(more…) -
Pakistan Receives 84% Higher Remittances from UAE
Pakistan has seen a substantial surge in workers’ remittances from the United Arab Emirates (UAE) in the first two months of the 2024-25 fiscal year, according to recent data released by the State Bank of Pakistan (SBP).
(more…) -
Pakistan Witnesses 44% Surge in Remittances in 2MFY25
KARACHI: Pakistan has witnessed a significant 44% increase in workers’ remittances during the first two months of the fiscal year 2025 (2MFY25), providing much-needed relief as the country grapples with external economic pressures.
(more…)