Search For "state bank of pakistan sbp"
Pakistan's current growth model cannot sustain 250 million population, say
Updated : 5 months, 4 weeks ago IST
The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, warned that the country's existing economic growth model is no longer viable for a nation of 250 million people, stressing that stabilisation policies cannot continue indefinitely and must give way to long-term, sustainable refo
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Decades of fiscal mismanagement push Pakistan toward economic collapse
Updated : 7 months, 1 week ago IST
Pakistan's fragile economy faces deep-rooted structural challenges that threaten long-term stability, warned the State Bank of Pakistan (SBP) in its Annual Report on the State of the Economy 2024-25. The report highlights how persistent fiscal deficits, dwindling domestic savings, weak produ
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Pakistan's debt hits record high at PKR 67.816 Trillion: Report
Updated : 1 year, 10 months ago IST
The central bank data reveals a significant 15 per cent increase in the federal government's total debt over the past year, marking an addition of PKR 8,852 billion. In May 2023, the total debt stood at PKR 58,964 billion, escalating to PKR 66,086 billion by April 2024.
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State Bank of Pakistan receives USD 1.1 billion funding from IMF
Updated : 2 years ago IST
The State Bank of Pakistan (SBP) has received around USD 1.1 billion from the International Monetary Fund (IMF), a day after the global lender approved the last tranche of Pakistan under the USD 3 billion Stand-By Arrangement (SBA).
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Pakistan government borrows record PKR 5.5 trillion from banks, PKR 650 bn
Updated : 2 years, 1 month ago IST
The State Bank of Pakistan (SBP) data showed that the government's borrowing from commercial banks reached a record PKR 5.5 trillion from July 1, 2023 to April 5, 2024. This is against PKR 2.95 billion in the same period last fiscal year.
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Pakistan rupee again loses value against US dollar, closes at 278.40 PKR
Updated : 2 years, 1 month ago IST
According to the State Bank of Pakistan (SBP), the American dollar appreciated by 11 paise against the local currency to PKR 278.40 from PKR 278.29 a day earlier.
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Pakistan's foreign reserves continue to decline due to loan repayment
Updated : 2 years, 3 months ago IST
The foreign exchange reserve continued its downward trend and recorded at USD 8.21 billion as of January 26 which is a USD 54 million drop compared to the previous week at USD 8.27 billion, said the State Bank of Pakistan (SBP) report.
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Pakistan's economy faced serious imbalances in 2022: Report
Updated : 2 years, 10 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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Pakistan National Assembly rejects motion seeking supplementary sum of Rs
Updated : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 1 month 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 : 3 years, 2 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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