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Tag: State Bank of Pakistan

Pakistan achieves $427M current account surplus in February 2026

March 16, 2026March 16, 2026Faisal Shahnawaz

Karachi, March 16, 2026 – Pakistan’s current account posted a surplus of $427 million in February 2026, according to the latest figures released by the State Bank of Pakistan (SBP) on Monday. This marks the largest monthly surplus since March 2025, when the country recorded $1.28 billion, highlighting improving external sector performance.

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state bank of pakistan 03

SBP announces two-day bank holidays for Eid-ul-Fitr 2026

March 16, 2026March 16, 2026Mrs. Anjum Shahnawaz

Karachi, March 16, 2026 – The State Bank of Pakistan (SBP) has officially declared that all banks will remain closed for two days to observe Eid-ul-Fitr 2026. According to BPRD Circular Letter No. 06, the SBP informed the presidents and chief executives of all banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) regarding the […]

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oil import pakistan

SBP permits CIF-based oil imports amid Iran war uncertainty

March 11, 2026March 11, 2026Mrs. Anjum Shahnawaz

Karachi, March 11, 2026 – The State Bank of Pakistan (SBP) has temporarily allowed the import of crude oil and petroleum products on CIF (Cost, Insurance, and Freight) basis for a period of 60 days, citing uncertainty arising from the ongoing Iran war and the strategic importance of energy supplies for the country.

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SBP report on banking sector

Government borrowing from commercial banks surges 203% in 8MFY26

March 11, 2026March 11, 2026Shahnawaz Akhter

Karachi, March 11, 2026 – The State Bank of Pakistan reported a staggering 203% surge in government borrowing from commercial banks during the first eight months (July–February) of the fiscal year 2025-26, compared to the same period last year.

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State Bank of Pakistan Report

SBP Releases Today’s Interbank Foreign Exchange Rates – March 11, 2026

March 11, 2026March 11, 2026Faisal Shahnawaz

Karachi, March 11, 2026 – The State Bank of Pakistan has released the latest interbank foreign exchange rates for Wednesday, March 11, 2026, providing updated currency rates to assist banking consumers, traders, and businesses in planning their foreign transactions.

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Pakistan receives $26.50 billion in workers’ remittances in 8MFY26: SBP

March 10, 2026March 10, 2026Faisal Shahnawaz

Karachi, March 10, 2026 – The State Bank of Pakistan (SBP) reported that overseas Pakistani workers sent $26.50 billion in remittances during the first eight months (July to February) of the current fiscal year 2025-26. This represents a 10.5% increase compared to $23.98 billion received during the same period last year.

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State Bank of Pakistan Report

SBP Releases Interbank Foreign Exchange Rates for March 10, 2026

March 10, 2026March 10, 2026Faisal Shahnawaz

Karachi, March 10, 2026 – The State Bank of Pakistan (SBP) has released the daily interbank foreign exchange rates for Tuesday, providing updated currency values to facilitate banking customers, businesses, and financial market participants across Pakistan.

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SBP holds policy rate at 10.50% amid rising macroeconomic risks

March 9, 2026March 9, 2026Faisal Shahnawaz

KARACHI, March 9, 2026: The State Bank of Pakistan (SBP) on Monday announced that it will keep the benchmark key policy rate unchanged at 10.50%, citing a significant increase in risks to the country’s macroeconomic outlook amid global geopolitical uncertainties.

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State Bank of Pakistan Report

SBP releases daily interbank currency exchange rates – March 9, 2026

March 9, 2026March 9, 2026Faisal Shahnawaz

KARACHI, March 9, 2026: The State Bank of Pakistan (SBP) on Monday released the daily interbank currency exchange rates to provide guidance for banking consumers and facilitate foreign exchange transactions.

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state bank of pakistan 03

Will SBP increase interest rates after sharp fuel price hike?

March 7, 2026March 7, 2026Shahnawaz Akhter

Karachi, March 7, 2026 – The upcoming monetary policy announcement by the State Bank of Pakistan has become the center of attention for investors and economists after the government sharply increased petroleum prices earlier this week.

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