In an interview with a Saudi Arabian media outlet, the minister said that over the past 12-14 months, Pakistan has made significant progress in economic development, According to the minister, the government has taken key decisions to curb inflation and interest rates, stabilize foreign exchange reserves, and accelerate the privatization process. The government is committed […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.75 and Rs 281.25, respectively. The price of the Euro increased by 91 paise to close at Rs292.26 against the last day’s closing of Rs291.09, according to the State Bank of […]
During the Open Market Operation, the SBP conducted Reverse Repo Purchases for 7-day and 28-day tenors on February 07, 2025, accepting a total of Rs 2,038.35 billion from 26 bids. For the 7-day tenor, the bank received 20 bids amounting to Rs 1,151.25 billion, with rates of return ranging between 12.03% and 12.10%. Additionally, 8 […]
Bitcoin (BTC) has experienced major increases since the United States elected Donald Trump as president, as investors anticipate that the new administration will implement more favorable policies for cryptocurrencies. It is pertinent to mention that in 2018, the State Bank of Pakistan (SBP), issued a notice in which, they warned commercial banks and general banks […]
The governor said that the SBP working on the regulatory form of digital banking and branchless banking. “Around half the population of Pakistan’s far-flung areas have no accounts in banks,” the central bank governor said. “The digital banking is most necessary given these figures,” he said. He said the digital banks could empower small and […]
The Monetary Policy Committee (MPC), led by SBP Governor Jameel Ahmad, will meet today to assess the monetary policy. Analysts predict a possible 1% reduction in the interest rate, citing a recent decline in inflation. It is to be noted that the SBP has slashed the policy rate by 9 percent in the last seven […]
Bitcoin (BTC) has experienced major increases since the United States elected Donald Trump as president, as investors anticipate that the new administration will implement more favorable policies for cryptocurrencies. It is pertinent to mention that in 2018, the State Bank of Pakistan (SBP), issued a notice in which, they warned commercial banks and general banks […]
Muzammil Aslam said that, after the onset of the new government and taking charge of Shehbaz Sharif as Prime Minister, remittance decreased by five billion dollars in just one year. “It a surprising how a PM congratulated the nation for the 3 billion dollars in remittances amounted recently”, he added. “If the income of the […]
Speaking at a press conference on Thursday, the SBP head stressed the importance of maintaining stable and gradual growth to avoid future balance of payments issues. SBP governor also revealed the SBP’s inflation target for the current fiscal year, set at 5 to 7 percent. He expressed optimism that if economic indicators improve and inflation […]
According to reports, the meeting discussed matters related to private Hajj operations in detail and finalized agreements with mutual consensus. It was decided that private pilgrims group bookings will commence from January 10. Hafiz Tahir Ashrafi emphasized the importance of adhering to the laws of both Saudi Arabia and Pakistan. Earlier, the government extended the […]
