Search For "state bank of pakistan"
Pakistan's central bank increases interest rate by 300 basis points to 20
Updated : 3 years ago IST
Pakistan's Central Bank increased the interest rate by 300 bps taking the total increase to 1,050 bs since January 2022 to counter rising inflation.
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Pakistan: Inflation hits highest level on record
Updated : 3 years ago IST
This was the highest annual rate since available data, i.e. July 1965, according to the research firm Arif Habib Ltd, and is also expected to rise even further in the coming months.
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Global logistics company DHL suspends some operations in Pakistan amid res
Updated : 3 years ago IST
According to Dawn, DHL Pakistan has informed its customers that it is suspending 'Import Express Product' and restricting outbound shipments to a maximum weight of 70 kg per shipment for all customers billed in Pakistan from March 15.
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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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Cash-strapped Pakistan receives funds worth USD 700 million from China Dev
Updated : 3 years ago IST
Dar took to his Twitter to make the announcement. He wrote: "AlhamdoLilah! Funds USD 700 million received today by State Bank of Pakistan from China Development Bank".
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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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South Korean companies in Pakistan on brink of shutdown
Updated : 3 years ago IST
The non-opening of letters of credit (LCs) for imports of raw material is costing Korean companies "millions of dollars" in lost sales, said senior officials from the state-backed trade body as well as the local chamber of Korean investors.
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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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Faulty policies, funding of terrorism responsible for Pakistan's economic
Updated : 3 years, 1 month ago IST
Pakistan faced an economic crisis which is a result of its own faulty policies long-standing debts, dipping forex reserves and support to extremism and terrorism.
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Pakistan need to fix responsibility for its depleting forex reserves: Repo
Updated : 3 years, 1 month ago IST
This quick depletion of the forex reserves was blamed on the PDM government's indecisiveness vis-a-vis revival of the IMF program which had been stalled since the last days of PTI's government.
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Pakistan's nationwide electricity blackout serves as warning of dystopian
Updated : 3 years, 1 month ago IST
The power system in Pakistan has long been a source of frustration and difficulty for its citizens. The latest power outage, which left millions without electricity, is just the latest example of a chronic problem that has plagued the country for years.
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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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