Karachi, September 19, 2024 – Pakistan’s net foreign exchange reserves increased by $31 million during the week ending September 13, 2024, according to the State Bank of Pakistan (SBP). The country’s total forex reserves now stand at $14.827 billion, up from $14.796 billion recorded on September 6, 2024.
(more…)Tag: State Bank of Pakistan
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SBP Issues Foreign Exchange Rates for September 19, 2024
Today, September 19, 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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Banking Sector Grows 11.5% in H1CY24: SBP Report
Karachi, September 18, 2024 – The State Bank of Pakistan (SBP) reported on Wednesday that the country’s banking sector experienced a robust growth of 11.5% during the first half of the calendar year 2024 (H1CY24). In its mid-year performance review, covering the period from January to June 2024, the SBP attributed this growth primarily to an expansion in the banking sector’s asset base, driven by a surge in investments.
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Pakistan’s Current Account Deficit Contracts by 81% in 2MFY25
Karachi, September 18, 2024 – Pakistan’s current account deficit witnessed a sharp contraction of 81% during the first two months (July–August) of the current fiscal year 2024-25, according to a report released by the State Bank of Pakistan (SBP) on Wednesday. The deficit fell to $171 million, compared to $893 million in the corresponding period of the previous fiscal year.
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SBP Issues Foreign Exchange Rates for September 18, 2024
Today, September 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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SBP Issues Foreign Exchange Rates for September 16, 2024
Today, September 16, 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 Holiday in Pakistan Announced for September 17, 2024
Karachi, September 15, 2024 – The State Bank of Pakistan (SBP) has officially announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam).
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SBP Issues Foreign Exchange Rates for September 13, 2024
Today, September 13, 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 Announces Bank Holiday for Eid Milad-un-Nabi
Karachi, September 13, 2024 – The State Bank of Pakistan (SBP) has announced a bank holiday on Tuesday, September 17, 2024, in observance of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam), the celebration of the birth of Prophet Muhammad (PBUH).
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Pakistan’s Foreign Exchange Reserves Inch Up to $14.796 Billion
Karachi, September 12, 2024 – Pakistan’s foreign exchange reserves recorded a modest increase of $56 million, bringing the total to $14.796 billion by the week ending on September 6, 2024.
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