Today, October 25, 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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Pakistan’s Forex Reserves Fall by $94 Million Amid Commercial Bank Decline
Karachi, October 24, 2024 – Pakistan’s foreign exchange (forex) reserves saw a reduction of $94 million in the week ending October 18, 2024, according to data released by the State Bank of Pakistan (SBP) on Thursday. The country’s total forex reserves now stand at $16.017 billion, down from $16.111 billion the previous week, marking a modest but notable decline.
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SBP Issues Foreign Exchange Rates for October 24, 2024
Today, October 24, 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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Bank Deposits in Pakistan Soar to Record High of Rs 31.34 Trillion
By the end of September 2024, bank deposits in Pakistan surged to a historic Rs 31.342 trillion, reflecting a remarkable year-on-year increase of 19.1%, according to data released by the State Bank of Pakistan (SBP). This milestone marks a significant step in the nation’s banking landscape, showcasing robust growth despite the challenges posed by fluctuating interest rates.
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SBP May Further Cut Policy Rate by 200 bps: Survey
Karachi, October 23, 2024 – The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is expected to further reduce the policy rate by 200 basis points (bps) or 2% in its upcoming meeting scheduled for November 4, 2024. This insight comes from a recent survey conducted by Arif Habib Limited, capturing the sentiment of market participants across various sectors.
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SBP Issues Foreign Exchange Rates for October 23, 2024
Today, October 23, 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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SBP Issues Foreign Exchange Rates for October 22, 2024
Today, October 22, 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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Foreign Direct Investment Surges by Over 48% in 1QFY25: SBP
Karachi, October 21, 2024 – The State Bank of Pakistan (SBP) announced on Monday a remarkable increase in foreign direct investment (FDI), which surged by over 48% in the first quarter (July-September) of the fiscal year 2024-25.
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Pakistan’s Current Account Deficit Narrows by 92% in 1QFY25
Karachi, October 21, 2024 – Pakistan’s current account deficit sharply contracted by a staggering 92% year-on-year (YoY) in the first quarter of the fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
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SBP Issues Foreign Exchange Rates for October 21, 2024
Today, October 21, 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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