Karachi, January 10, 2025 – Pakistan recorded an impressive $17.85 billion in remittances from its expatriates during the first half (July–December) of the fiscal year 2024-25, showcasing a robust 38% year-on-year (YoY) increase compared to $13.44 billion received during the same period last fiscal year.
(more…)Tag: State Bank of Pakistan
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Pakistan’s Net Forex Reserves Dip $31 Million on Weekly Basis
Karachi, January 9, 2025 – Pakistan’s net foreign exchange (forex) reserves experienced a decline of $31 million during the week ending January 3, 2025, according to the State Bank of Pakistan (SBP). This reduction highlights ongoing pressures on the country’s external account as inflows and outflows continue to fluctuate.
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SBP Governor Expects Further Inflation Relief
Karachi, January 9, 2025 – The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, expressed optimism about further easing of inflation in January, with expectations of fluctuations in the following months.
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SBP Announces Forex Rates in PKR for January 9. 2025
On January 9, 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 Forex Rates in PKR for January 8. 2025
On January 8, 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 Forex Rates in PKR for January 7. 2025
On January 7, 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 Forex Rates in PKR for January 6. 2025
On January 6, 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 Forex Rates in PKR for January 3. 2025
On January 3, 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’s Forex Reserves Rise $37 Million Despite SBP Fall
Karachi, January 2, 2025 – Pakistan’s net foreign exchange (forex) reserves increased by $37 million during the week ending December 27, 2024, despite a significant decline in the official reserves held by the State Bank of Pakistan (SBP). This disparity underscores evolving trends in the country’s financial framework.
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SBP Issues Foreign Exchange Rates for January 2, 2025
Today, January 2, 2025, 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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