Search For "state bank of pakistan"
Pakistan's central bank sends SOS to PM Sharif on country's dwindling fore
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 9 (ANI): As Pakistan's economy continues to remain in shambles, the country's central bank State Bank of Pakistan has given out an SOS call to Prime Minister Shehbaz Sharif-led government of its waning foreign exchange reserves and its negative impact on country's
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State Bank of Pakistan says inflation in country to stay high for a year
Updated : 3 years, 8 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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Macroeconomic imbalances likely to affect Pakistan's growth prospects
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 30 (ANI): Pakistan achieved economic growth of 5.97 per cent in FY2022, but the underlying macroeconomic imbalances associated with domestic and international risks might affect the growth prospects, Pakistan media reported.
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USD2.3 bn Chinese loan credited to State Bank of Pakistan: Finance Ministe
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 25 (ANI): Pakistani Finance Minister Miftah Ismail said on Friday that a loan of USD 2.3 billion from a Chinese consortium of banks had been credited to the central bank's account.
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Pakistani currency dives to Rs 211 per US dollars, losing over Rs 2 during
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 21 (ANI): Owing to quarter-end payments and delay in the revival of the International Monetary Fund (IMF) programme, the Pakistani rupee on Tuesday breached 211-a-US dollar, losing Rs 2 during intra-day trading.
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Pakistan following Sri Lanka's path to land in Chinese debt trap
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 18 (ANI): Pakistan is blindly following Sri Lanka's path which will lead the country to fall into the Chinese debt trap.
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Pakistani rupee nosedives to all-time low of 202.83 against US dollar
Updated : 3 years, 9 months ago IST
Islamabad [Pakistan], June 8 (ANI): The Pakistani rupee on Tuesday surpassed all prior records against the US dollar after shedding sheds Rs 2.77, or 1.37 per cent, against the US dollar in the interbank market.
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Int'l investors perceive Pakistan as country with high debt default risk
Updated : 3 years, 9 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 : 3 years, 10 months 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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Pakistan: Shehbaz Sharif battles sinking economy amid deficit spike, Imran
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 24 (ANI): While Pakistan's economy is already in shambles, the newly-elected Prime Minister Shehbaz Sharif has a heavy task on hand, battling the sinking economy as the country's current account deficit shot up to USD 1.03 billion in March 2022, and his predece
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High interest rate by State Bank of Pakistan to wreck country's economy
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 10 (ANI): After the State Bank of Pakistan "surprisingly" increased the interest rate by 250 basis points, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh said, this will put a halt to the economic and commercial activ
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State Bank of Pakistan hikes interest rate by 250 basis points to 12.25 pe
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 7 (ANI): The State Bank of Pakistan has increased the interest rate by 250 basis points to 12.25 per cent, reported the local media on Thursday.
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