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Tag: SBP

SBP: Foreign exchange reserves drop $31m to $19.1b

The foreign exchange reserves of Pakistan have dropped 0.16% on a weekly basis. The decline in reserves held by the State Bank of Pakistan...

Pakistan repaid $1 billion raised via Sukuk

Pakistan on Wednesday repaid $1 billion in debt that had been raised in October 2016 through floating international Sukuk at 5.5% return, as per...

New Low: Rupee falls to 171 against US dollar

Pakistani rupee continued its downward trend on Tuesday as it fell to its lowest ever closing at Rs171 against the greenback in the inter-bank...

Pakistan approves Rs600m repatriation following US intervention

The government of Pakistan has permitted the repatriation of Rs600 million to a foreign firm after a decade. The repatriation of the proceeds took...

Pakistan’s remittances average above $2.7bn for 7th consecutive month

The overseas Pakistanis’ remittances saw record growth of 12.5 percent over the same period last year as they sent the highest-ever $8 billion sum...

Roshan Digital Accounts attract over $2.4 billion in 13 months

The State Bank of Pakistan (SBP) said on Friday that the cumulative inflow under the Roshan Digital Account (RDA) touched $2.411 billion within thirteen...

SBP introduces regulations to curtail foreign currency outflow

The central bank has implemented new regulatory policies in order to curtail the outflow of foreign currency as well as to promote transparency in...

Govt debt soars to Rs 39.7tr

The federal government’s total debt soared by 11.5% in one year. The external debt increased by 8% within the first two months of the...

Pakistan’s out-of-control trade deficit jumps to $11.7Bn

Pakistan’s trade deficit rose by 100% during the first quarter of the ongoing fiscal year. The country experienced an exceptional surge in its imports...

Rupee fall against dollar to a new low at Rs. 170.48

The Pakistani rupee fall against dollar on Wednesday. It continued with its downward spiral and closed at a record low of Rs170.48 because of...

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