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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Pakistan’s Interest Payments Skyrocket by 43.3% in FY24: SBP
Karachi, October 20, 2024 — The State Bank of Pakistan (SBP) has reported a staggering 43.3% surge in Pakistan’s interest payments during the fiscal year 2023-24. According to the SBP’s latest report, total interest expenditures reached an alarming Rs 8.2 trillion, up from Rs 5.7 trillion in the previous year, exerting immense pressure on the country’s fiscal health.
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Provincial Tax Revenue-to-GDP Ratio Dips to 0.7%: SBP Report
Karachi, October 20, 2024 — In a recent report, the State Bank of Pakistan (SBP) revealed a concerning decline in the provincial tax revenue-to-GDP ratio, which fell to 0.7% during the fiscal year 2023-24, down from 0.8% in the previous year.
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High Interest Rates Bolster FBR Tax Collection in FY24: SBP
Karachi, October 20, 2024 — The State Bank of Pakistan (SBP) has attributed a significant surge in Federal Board of Revenue (FBR) tax collection for the fiscal year 2023-24 to elevated interest rates.
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Car Financing Sees Modest Uptick Following Interest Rate Cut
Car financing in Pakistan experienced a modest increase of Rs245 million, or 0.1 percent, in September, marking the end of a 27-month decline. This shift can be attributed to a decrease in interest rates. As of September 2024, car loans climbed to Rs227.541 billion, up from Rs227.296 billion in August, according to the latest data released by the State Bank of Pakistan (SBP) on Friday. Despite this monthly rise, auto financing remains down 16.4 percent year-on-year in September.
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SBP Issues Foreign Exchange Rates for October 18, 2024
Today, October 18, 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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