Karachi, January 23, 2025 – Banks in Pakistan experienced a massive withdrawal of Rs 862 billion during December 2024 as the government prepared to impose stringent restrictions on non-filers of income tax returns. This significant outflow highlights the uncertainty and apprehension among account holders in response to impending policy changes.
(more…)Tag: State Bank of Pakistan
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SBP Announces Forex Rates in PKR for January 22, 2025
On January 22, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP Alerts Public on Illegal Foreign Currency Transactions
Karachi, January 22, 2025 – The State Bank of Pakistan (SBP) has issued a stern warning to the general public against engaging in illegal transactions of foreign currency. Highlighting the risks and legal consequences, the SBP emphasized the importance of conducting all foreign exchange activities through authorized channels.
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Currency Exchange Rates in Pakistan – January 21, 2025
Karachi, January 21, 2025 – The State Bank of Pakistan (SBP) has announced the latest currency exchange rates for Tuesday, January 21, 2025. These rates reflect the weighted average exchange values being used by commercial banks for transactions with their clients.
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SBP Announces Forex Rates in PKR for January 20, 2025
On January 20, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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SBP Announces First Monetary Policy of 2025 on January 27
Karachi, January 20, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil the first Monetary Policy Announcement of 2025 on January 27.
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SBP Reports 20% Surge in Foreign Direct Investment in 1HFY25
Karachi, January 17, 2025 – The State Bank of Pakistan (SBP) announced on Friday a significant 20% increase in foreign direct investment (FDI) for the first half (July–December) of the fiscal year 2024-25, highlighting a positive shift in the country’s investment landscape.
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SBP Announces Forex Rates in PKR for January 17, 2025
On January 17, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
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Pakistan Celebrates Historic $1.21 Billion CA Surplus in 1HFY25
Karachi, January 17, 2025 – Pakistan has reached a remarkable milestone, posting a record $1.21 billion current account (CA) surplus for the first half of fiscal year 2024-25 (January – December 2024), according to the State Bank of Pakistan (SBP). This achievement marks a significant turnaround from the $1.40 billion deficit recorded during the same period in the previous fiscal year.
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Pakistan Records $73 Million Gain in Foreign Exchange Reserves
Karachi, January 16, 2025 – The net foreign exchange reserves of Pakistan witnessed a notable increase of $73 million on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. This marks a positive development for the country’s financial stability amid ongoing economic challenges.
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