*KARACHI: The foreign exchange reserves held by the central bank fell 1.64 % during the week ending on December 24, according to the data released by the State Bank of Pakistan (SBP) on Thursday.* Sharing a break-up of the foreign reserves position, the central bank said that foreign currency ...

A deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government of the Islamic Republic of Pakistan, represented by the State Bank of Pakistan (SBP), has been signed today by the Chief Executive Officer of SFD, H.E. Sultan ...

ISLAMABAD – Minister Information and Broadcasting Fawad Chaudhry Thursday announced that all legal arrangements have been finalised for $3 billion deposits from Saudi Arabia and the amount would be released during the ongoing week. Making the announcement on Twitter, the information minister ...

KARACHI: The State Bank of Pakistan (SBP) has projected the real GDP growth at 4 per cent to 5 per cent for the current fiscal year, as per the actual target set for the fiscal year. However, the current account deficit has been projected at up to 3 per cent of the GDP as against the ...

KARACHI: Pak Rupee remained stable without major changes in early trade at the interbank foreign exchange market on Wednesday. The dollar is being traded at Rs174.30 at the opening of the interbank market. The exchange rate was closed at Rs174.30 on Tuesday, November 23, 2021. The local ...

KARACHI: The Pakistani Rupee gained 11 paisas against the dollar in early trade at the interbank foreign exchange market on Thursday. The dollar is being traded at Rs173.65 at the opening of the interbank market. The exchange rate was closed at Rs173.76 on Wednesday November 17, 2021. The ...

KARACHI: The rupee continued to recover against the dollar on Tuesday, as it gained 40 paisas; following measures taken by the central bank regarding increase in the average cash reserve requirements to 6 per cent. It is the second straight day of recovery in the rupee value. The exchange rate ...

KABUL – Afghanistan's central bank announced to auction $10 million on sale for banks and foreign exchange dealers on Tuesday in order to arrest the declining value of currency. The economy of war-torn has been witnessing freefall since the international community seized support to Afghanistan ...

Saudi Arabia deposited $3 billion each in the central banks link of Pakistan and Egypt, the Saudi Press Agency (SPA) reported early on Monday. The report by the SPA was cited a statement by the Saudi Finance Ministry, saying that Riyadh is considered one of the leading countries supporting the ...

KARACHI: The rupee is likely to stay under pressure next week due to bulk external payments and expected rise in the international oil prices. The rupee ended the week with a record low of Rs174 against the dollar. The local currency fell Rs2.82, or 1.65 per cent, during the outgoing week. ...