Search For "sbp"
Pakistan's economy faced serious imbalances in 2022: Report
Updated : 2 years, 8 months ago IST
The State Bank of Pakistan (SBP) on Friday issued the annual Financial Stability Review for 2022 and found that financial system performance and resilience remained firm during the year.
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IMF demands, poll politics pushes Pakistan in a tight spot
Updated : 2 years, 9 months ago IST
Pakistan which undergoing an economic crisis and political instability is in a tight spot to revive its stalled USD 6 billion loan programme.
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Pakistan's foreign reserves continue to decline due to loan repayment
Updated : 2 years, 10 months ago IST
The foreign exchange reserves continued their downward trend and fell to USD 4.38 billion in the week ending May 5, central bank data showed on Thursday.
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Hostile attitude of Islamabad, SBP forcing multinationals to flee crisis-h
Updated : 2 years, 11 months ago IST
During the past few months, several multinational companies have expressed dismay over institutional hurdles impacting their businesses. Most prominent among them is the excessive foreign exchange control followed by Pakistan.
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Pakistan National Assembly rejects motion seeking supplementary sum of Rs
Updated : 2 years, 11 months ago IST
The Pakistan Supreme Court last week directed the State Bank of Pakistan (SBP) to "allocate and release" Rs 21 bn by April 17 for elections in two provinces from the Federal Consolidated Fund (FCF) "lying under its control and management".
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Top court orders State Bank of Pakistan to release funds for Punjab, KP po
Updated : 2 years, 11 months ago IST
Pakistan Supreme Court on Friday ordered the State Bank of Pakistan (SBP) to direct funds for holding elections to the Punjab and Khyber Pakhtunkhwa assemblies, Geo News reported.
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Pakistan: SBP forex reserves sink to a month's worth of import cover
Updated : 2 years, 11 months ago IST
In its weekly bulletin, the State Bank of Pakistan (SBP) said that its foreign exchange reserves have decreased as of the week ended March 24, which will provide an import cover of less than a month.
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State Bank of Pakistan likely to raise interest rate to unlock IMF loan pr
Updated : 2 years, 11 months ago IST
The SBP recently increased interest rates by 2 per cent, but the IMF is now forcing Islamabad to raise rates by 2 per cent again.
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Dollar black market in Pakistan flourishes again
Updated : 3 years ago IST
The gap between the Pakistani rupee's value in the interbank and open markets is rising again, creating a black market where the dollar is being traded at a much higher price, the Dawn reported.
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Pakistan: FDI plunges by 44 pc during first seven months of FY23
Updated : 3 years ago IST
According to Business Recorder, the State Bank of Pakistan (SBP) on Monday reported that the country has fetched FDI amounting to USD 683 million during July-Jan of FY23 as against USD 1.22 billion in the same period of last fiscal year (FY22).
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Pakistan's external debt servicing jumps by 70pc
Updated : 3 years ago IST
In the first half of the fiscal year, Pakistan paid USD 10.21 billion in external debt servicing while in the same period of 2021-22, the country paid USD 6 billion, State Bank of Pakistan's (SBP) data showed.
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Pakistan: SBP forex reserves reach USD 4.34 billion, Islamabad left with t
Updated : 3 years, 1 month ago IST
The foreign exchange held by the State Bank of Pakistan reached a low of USD 4.343 billion.
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