SBP Archives - Page 88 of 372

CAD Shrinks by 80% to $681 Million in FY24: SBP

July 19, 2024May 17, 2026Shahnawaz Akhter

Karachi, July 19, 2024 – Pakistan’s Current Account Deficit (CAD) has dramatically narrowed by 80 percent, plummeting to $681 million in the fiscal year 2023-24, according to a report released by the State Bank of Pakistan (SBP) on Friday.

Bank Deposits in Pakistan Hit Historic High at Rs 31.12 Trillion

July 19, 2024July 19, 2024Shahnawaz Akhter

Karachi, July 19, 2024 – Bank deposits in Pakistan have soared to an unprecedented Rs 31.12 trillion, as reported by the State Bank of Pakistan (SBP) on Friday. This marks a significant 22 percent increase from the Rs 25.51 trillion recorded at the end of June 2023.

SBP Issues Foreign Exchange Rates as of July 19, 2024

July 19, 2024July 19, 2024Faisal Shahnawaz

Today, July 19, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

SBP Releases Payment System Report for 3QFY24

July 19, 2024July 19, 2024Shahnawaz Akhter

Karachi, July 19, 2024 – The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Report for the third quarter (January-March) of the fiscal year 2023-24, offering a comprehensive review of the country’s payment landscape.

Weekly Forex Reserves Rise by $59 Million: State Bank of Pakistan

July 18, 2024July 18, 2024Shahnawaz Akhter

Karachi, July 18, 2024 – The State Bank of Pakistan (SBP) announced on Thursday that the country’s weekly foreign exchange reserves have increased by $59 million. For the week ended July 12, 2024, the forex reserves rose to $14.704 billion, up from $14.645 billion a week earlier on July 5, 2024.

SBP Issues Foreign Exchange Rates as of July 18, 2024

July 18, 2024July 18, 2024Faisal Shahnawaz

Today, July 18, 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 Bank Borrowing Peaks at Rs 8.56 Trillion in FY24

July 17, 2024July 17, 2024Shahnawaz Akhter

Karachi, July 17, 2024 – Pakistan’s bank borrowing surged to an unprecedented Rs 8.56 trillion in the fiscal year 2023-24, marking a 130 percent increase over the previous fiscal year, according to official data.

Bank Deposits of Private Sector Surge by 13.50% in FY24

July 16, 2024July 16, 2024Shahnawaz Akhter

Karachi, July 16, 2024 – The State Bank of Pakistan (SBP) has reported a significant surge of 13.50% in bank deposits from the private sector during the fiscal year 2023-24, marking a notable increase from the previous year.

SBP Issues Foreign Exchange Rates as of July 15, 2024

July 15, 2024July 15, 2024Faisal Shahnawaz

Today, July 15, 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 as of July 12, 2024

July 12, 2024July 12, 2024Faisal Shahnawaz

Today, July 12, 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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