Today, July 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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Market Survey Foresees SBP Slashing Rate to 19.5%
Karachi, July 24, 2024 – A recent survey conducted by Topline Securities Limited indicates a strong likelihood that the State Bank of Pakistan (SBP) will reduce its benchmark interest rate to 19.5%, down from the current 20.5%. This anticipated decision will be formally deliberated during the SBP’s Monetary Policy Committee (MPC) meeting scheduled for July 29, 2024.
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SBP Issues Foreign Exchange Rates as of July 24, 2024
Today, July 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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SBP Outlines Monetary Policy Meeting Schedule Till Dec 2024
Karachi, July 23, 2024 – The State Bank of Pakistan (SBP) has unveiled the schedule for its Monetary Policy Committee (MPC) meetings until December 2024, setting the stage for key decisions that will shape the country’s economic landscape. The central bank is scheduled to convene four times during this period.
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SBP Issues Foreign Exchange Rates as of July 23, 2024
Today, July 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 May Cut Benchmark Policy Rate by 100 Basis Points: Analysts
Karachi, July 22, 2024 – As the State Bank of Pakistan’s (SBP) monetary policy meeting approaches on July 29, 2024, analysts are anticipating a significant policy shift.
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SBP Issues Foreign Exchange Rates as of July 22, 2024
Today, July 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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Pakistan Reports 153% Surge in Foreign Investment in FY24
Karachi, July 20, 2024 – Pakistan has experienced a remarkable 153 percent increase in total foreign investment during the fiscal year 2023-24. According to the State Bank of Pakistan (SBP), the total foreign investment soared to $1.52 billion, up from $601 million in the preceding fiscal year.
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CAD Shrinks by 80% to $681 Million in FY24: SBP
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.
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Bank Deposits in Pakistan Hit Historic High at Rs 31.12 Trillion
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.
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