SBP Archives - Page 82 of 372

Pakistan Witnesses 44% Surge in Remittances in 2MFY25

September 10, 2024September 10, 2024Shahnawaz Akhter

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.

SBP Issues Foreign Exchange Rates for September 9, 2024

September 9, 2024September 9, 2024Faisal Shahnawaz

Today, September 9, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

SBP Issues Foreign Exchange Rates for September 6, 2024

September 6, 2024September 6, 2024Faisal Shahnawaz

Today, September 6, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

Pakistan’s Total Debt Rises to Rs 69.6 Trillion by July 2024

September 6, 2024September 6, 2024Shahnawaz Akhter

Karachi – Pakistan’s total debt surged to Rs 69.6 trillion at the end of July 2024, reflecting increased borrowing from domestic and international sources to cover the country’s fiscal deficit.

SBP Announces Art Competition Results for New Banknote Series

September 5, 2024September 5, 2024Faisal Shahnawaz

Karachi, September 5, 2024 – The State Bank of Pakistan (SBP) has officially concluded its much-anticipated art competition for the designs of the new banknote series.

SBP Records $34 Million Rise in Weekly Forex Reserves

September 5, 2024September 5, 2024Shahnawaz Akhter

Karachi, September 5, 2024 – The State Bank of Pakistan (SBP) reported an increase of $34 million in its foreign exchange reserves for the week ending August 30, 2024.

SBP Issues Foreign Exchange Rates for September 5, 2024

September 5, 2024September 5, 2024Faisal Shahnawaz

Today, September 5, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

Analysts Anticipate 150 Basis Points Policy Rate Cut by SBP

September 5, 2024September 5, 2024Shahnawaz Akhter

Karachi, September 5, 2024 — Analysts at Arif Habib Limited forecast a substantial reduction of 150 basis points in the State Bank of Pakistan’s (SBP) key policy rate, projecting the rate to fall to 18% during the upcoming monetary policy announcement on September 12, 2024.

SBP Raises Rs 835 Billion Through T-Bill Auction

September 5, 2024May 12, 2026Shahnawaz Akhter

Karachi, September 5, 2024 – The State Bank of Pakistan (SBP) successfully raised Rs 835 billion through the auction of Market Treasury Bills (MTBs) on Wednesday, surpassing its initial target of Rs 700 billion. The auction saw aggressive participation from banks, which collectively bid a substantial Rs 1.62 trillion for the purchase of government securities.

SBP Issues Foreign Exchange Rates for September 4, 2024

September 4, 2024September 4, 2024Faisal Shahnawaz

Today, September 4, 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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