Search For "state bank of pakistan sbp"
Dollar black market in Pakistan flourishes again
Updated : 3 years, 2 months 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, 3 months 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 economic crisis going from bad to worse: Report
Updated : 3 years, 4 months ago IST
On January 6 the Forex reserves in the State Bank of Pakistan (SBP) touched the lowest mark of USD 4.343 billion just enough for two weeks. The recurring economic crises in Pakistan are primarily caused by a persistent fiscal deficit, which is a result of the government's tendency to overspe
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Pakistan's economic condition likely to deteriorate: Report
Updated : 3 years, 5 months ago IST
Pakistan's economic crisis is likely to continue due to political instability, inconsistent government policies, and internal security issues.
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Interest rate reaches highest in 24 years after State Bank of Pakistan hik
Updated : 3 years, 5 months ago IST
The interest rate in Pakistan skyrocketed to its highest in 24 years after the State Bank of Pakistan (SBP) raised its key policy rate by 16 per cent on Friday to curb inflation, according to Dawn.
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State Bank of Pakistan hikes interest rate to 16 per cent to curb inflatio
Updated : 3 years, 5 months ago IST
The State Bank of Pakistan (SBP) jacked up its policy rate by 16 per cent on Friday, the Express Tribune reported on Friday citing the bank after a meeting of its monetary policy committee (MPC), according to the Express Tribune.
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Pakistan's economic woes continue as FDI slumps 26 pc in first two months
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], September 24 (ANI): Amid the unprecedented economic crisis in Pakistan, Net Foreign Direct Investment (FDI) in the country fell 26.1 pc during the first two months of the ongoing fiscal year (FY23), clocking in at just USD 169.5 million, media reports said citing the St
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Pakistan appoints new State Bank governor
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], August 28 (ANI): Amid dwindling foreign reserves and the country's ongoing deal with the International Monetary Fund (IMF), Pakistan appointed Jameel Ahmad as the new governor of the State Bank of Pakistan (SBP) for the next five years.
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Pak: Foreign currency reserves held by SBP fall USD 87Mn to USD 7.8Bn
Updated : 3 years, 9 months ago IST
Karachi [Pakistan], August 26 (ANI): The foreign currency reserves held by the State Bank of Pakistan (SBP) were recorded at USD 7.81 billion, according to data released by the SBP on Thursday as they witnessed a fall of USD 87 million.
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State Bank of Pakistan says inflation in country to stay high for a year
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], July 8 (ANI): Inflation in the country will remain in the range of 18-20 per cent this fiscal year, according to the State Bank of Pakistan (SBP).
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Int'l investors perceive Pakistan as country with high debt default risk
Updated : 3 years, 12 months ago IST
Islamabad [Pakistan], May 26 (ANI): Pakistan is now perceived by the International investors as a country with high default risk at a time when the foreign exchange reserves by the State Bank of Pakistan (SBP) are down from USD 20 billion in August 2021 to USD 10.1 billion in nine months.
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Sharif government refuses extension for Governor of State Bank of Pakistan
Updated : 4 years ago IST
Islamabad [Pakistan], May 4 (ANI): The three-year tenure of Reza Baqir as the Governor of the State Bank of Pakistan (SBP) is set to expire on Thursday as the government decided not to extend his term.
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