Thursday, July 7, 2022
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Tag: SBP

SBP files appeal against FSC verdict on Shariah-compliant banking

Commercial banks and their regulator, State Bank of Pakistan (SBP), have filed an appeal before the Sup­reme Court challenging the Federal Shariat Court (FSC)...

SBP denies forex reserves drying up

The State Bank of Pakistan (SBP) on Tuesday rebutted rumours that its liquid foreign exchange reserves of $8.9 billion have not dried up and...

Petroleum import bill doubles YoY in April: SBP

The import bill of the petroleum group for the month of April 2022 ballooned by 96 percent YoY to stand at $1.8 billion while...

SBP hikes policy rate by 150 basis points to 13.75%

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday raised the policy rate by 150 basis points (bps) to...

Hike in interest rate likely as SBP set to announce monetary policy

With the central bank gearing up to announce the monetary policy next week, analysts predict the State Bank of Pakistan (SBP) is likely to...

FDI falls sharply in 10 months of current fiscal

Foreign Direct Investment (FDI) in the first 10 months of 2021-22 went down 1.6 percent on a year-on-year basis to $1.45 billion, according to...

Forex reserves fall to $10.49 billion

The foreign exchange reserves held by the central bank decreased 0.56 percent on a weekly basis, according to data released by the State Bank...

Current account deficit doubled in March, SBP data shows

The country’s current account deficit almost doubled in March to $1 billion compared to the preceding month, taking the total gap during the first...

Pak rupee strengthens against US dollar

The rupee strengthened against the US dollar at Rs181.69 in the inter-bank market on Thursday compared with Tuesday’s close of Rs181.82, according to the...

Hike in interest rate by SBP draws criticism

The rec­ent decision of the State Bank of Pakistan (SBP) to increase the interest rate has received widespread condemnation from the business community and...

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