Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $59 million on a weekly basis, clocking in at $7.64 billion as of September 22, data released on Thursday showed. Total liquid foreign reserves held by the country stood at $13.16 billion. Net foreign reserves held by ...

The State Bank of Pakistan (SBP) recently released data indicating that foreign exchange inflows through the Roshan Digital Accounts (RDAs) reached a remarkable $6.617 billion by the close of August 2023. This substantial surge in foreign investment is a clear indication of the ...

DERA ISMAIL KHAN: In its bid to ensure economic stability and female participation in the workforce, the State Bank of Pakistan (SBP) is offering interest-free loans to unemployed women to start their large-scale businesses. The central bank's Dera Ismail Khan Deputy Chief Manager Fazal Muqeem ...

On Wednesday, the State Bank of Pakistan (SBP) granted 'in-principle approvals' (IPA) to five digital retail banks in a move aimed at promoting innovation, financial inclusion, and the availability of affordable digital financial services, as reported by ARY News. SBP Governor Jammel Ahmed ...

On Tuesday morning, the US dollar (USD) experienced a decline of 1.45 Pakistani rupees (PKR) in the interbank market, with its trading rate settling at Rs294.50. In interbank trading on Monday, the Pakistani rupee (PKR) had strengthened by Rs0.90 against the US dollar, closing at ...

The government has decided to introduce digital currency to improve the country's economy, prevent black money, improve the value of the rupee and make various types of payments. The value of the digital currency will be equal to the Pakistani rupee, just as one unit of China's digital currency ...

Karachi: According to figures released by the State Bank of Pakistan, bank deposits in Pakistan have reached a historic high. According to the State Bank, there has been a significant increase of 17.90% in bank deposits in one year, from August 2022 to August 2023, resulting in an increase of PKR ...

The federal government has taken a significant step towards enhancing the profit rates offered by Naya Pakistan Certificates (NPCs), with adjustments of up to 6 percent across various holding periods. This decision, as reported by Topline Securities, entails a substantial revision in profit rates, ...

In Islamabad, Finance Minister Dr. Shamshad Akhtar has unveiled an 80 billion rupee Home Remittance Incentives Scheme aimed at directing overseas Pakistani remittances. During a media address on Friday, she disclosed that 20 billion rupees of the total have been immediately allocated for this ...

The State Bank of Pakistan (SBP) witnessed a further decrease in its foreign exchange reserves, with a weekly decline of $140 million, bringing the total to $7.64 billion as of September 8, as revealed in recent data releases. Concurrently, the country's overall liquid foreign reserves amounted to ...