Governor SBP Jameel Ahmad is set to announce monetary policy, with the market anticipating a second straight interest rate cut. Currently, the interest rate is 20.5 percent, while the market experts are hopeful that the rate will be slashed 100 to 150 basis points. The inflation rate in June 2024 was recorded at 12.6 percent, […]
The MPC will meet on Monday, July 29 to decide about the Monetary Policy, a press release issued by SBP said. Governor SBP Jameel Ahmad will announce the Monetary Policy decision at a press conference on the same day after the MPC meeting, it added. In the last monetary policy announcement, the State Bank of […]
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 and Rs 280.75 respectively. The price of Euro came down by Rs 1.24 paisa to close at Rs 301.55 against the last day’s closing of Rs 302.79, according to the […]
The central bank in a statement said that Pakistan’s reserves held by the SBP stood at US$9.38 billion after an increase of US$ 493.7 million. The SBP statement read that the country’s reserves held by the commercial banks decreased by US$128 million to US$5.18 billion, “During the week ended on 28-June-2024, SBP reserves increased by […]
Pakistani Rupee on Friday gained 09 paise against the US Dollar in the interbank trading and closed at Rs 278.51 against the previous day’s closing at Rs 278.60. According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, were Rs 277.8 and Rs 280.7 […]
In a statement, the SBP said the central bank’s Monetary Policy Committee (MPC) had met earlier today and reviewed the current economic developments. The committee noted that underlying inflationary pressures are also subsiding amidst a tight monetary policy stance, supported by fiscal consolidation. At the same time, the MPC highlighted some upside risks to the […]
According to market experts, the interest rate in Pakistan is likely to decrease by two percent due to the recent decline in inflation. The State Bank of Pakistan’s Monetary Policy Committee will be held today, after which the new policy will be announced. Currently, the interest rate across the country stands at 22 percent. However, […]
The committee approved the summary presented by the Ministry of Aviation to allow the utilization of eight million dollars available with the National Bank of Pakistan to pay severance and other operational expenses of the Roosevelt Hotel. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb presided over a meeting of the Economic Coordination Committee […]
When it comes to efforts to stabilize its economy, we support those efforts, including reaching an agreement with the IMF,” said the department’s spokesperson, Matthew Miller. “Our support for Pakistan’s economic success is unwavering and we will continue to engage with them through technical engagements as well as through our trade and investment ties, all […]
KARACHI: The State Bank of Pakistan (SBP) on Friday eliminates the requirement of Electronic Form-E (EFE); by amending the foreign exchange regulations to facilitate exporters. Also, Through the Pakistan Single Window and International Platforms; it notifies revisions in foreign exchange regulations for export of goods from the country the central bank says. Moreover, Key changes […]
