The Monetary Policy Committee (MPC) session, chaired by the Governor SBP, will meet today to decide on the monetary policy, the central bank earlier informed in a statement. The MPC will review overall financial position, fiscal situation, major economic indicators, data of different sectors and major developments since announcement of the previous monetary policy. The […]
Pakistan’s reserves held by the SBP decreased by US$ 7 million to reach US$ 11.51 billion during the same period, the central bank said in a statement. Pakistan’s net foreign reserves held by commercial banks stood at US$5.09 billion. “During the week ended on 09-May-2025, SBP reserves increased by US$ 71 million to US$ 10,403.1 […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 282.5 and Rs 284.3, respectively. The price of the Euro decreased by 84 paisa to close at Rs 321.28 against the last day’s closing of Rs 322.12, according to the State […]
“Concerning the news items regarding the 14th meeting of the National Assembly’s Standing Committee on Finance and Revenue, it is clarified that State Bank of Pakistan (SBP), in 2018 advised its regulated entities including Banks, Development Finance Institutions (DFIs), Microfinance Banks (MFBs), Electronic Money Institutions (EMIs), Payment System Operators (PSOs), Payment Service Providers (PSPs), and […]
The data showed that the inflows of remittances during April were recorded at US$ 177 million as compared to US$ 235 million in March and US$ 204 million in February 2025, according to the latest data released by the State Bank of Pakistan (SBP). These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis […]
According to the sources, the IMF has transferred $1 billion to the State Bank of Pakistan (SBP) as part of the current agreement. The inflow will be reflected in the central bank’s foreign exchange reserves on May 16. The disbursement follows the IMF Executive Board’s approval of the loan tranche on May 9, marking a […]
However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 282.20 and Rs 283.70, respectively. The rate of the Euro increased by Rs0.35 to close at Rs 313.21 against the last day’s closing of Rs 312.86, according to the State Bank […]
The AED/PKR exchange rate today in the open market reflects the strength of the UAE Dirham against the Pakistani Rupee. This is a result of the UAE’s solid economic foundation and sound financial policies. 1 UAE Dirham 76.55 Pakistani Rupees This consistent rate reduces economic uncertainty for the majority of Pakistani expatriates in the UAE. […]
The AED/PKR exchange rate is firmly at 76.48, indicating the stability of the PKR against the Dirham continues. This achievement is a testament to the UAE’s strong economic base and effective financial policies. 1 UAE Dirham 76.48 Pakistani Rupees This steady rate minimizes financial uncertainty for most Pakistani expatriates in the UAE. Their remittances support […]
The Monetary Policy Committee highlighted a sharp decline in inflation during March and April, attributed to reduced administered electricity prices and a continued downtrend in food inflation. Core inflation also fell to 8.0 percent in April, reflecting a favorable base effect and moderate demand. The committee assessed that the inflation outlook has improved, with expectations […]
