However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.30 and Rs 280.40 respectively. The price of the Euro decreased by 64 paise to close at Rs 304.21 against the last day’s closing of Rs 304.85, according to the State […]
According to documents from the Ministry of Finance, the State Bank’s surplus profit was Rs. 371 billion in the financial year 2023. The bank’s profit share in non-tax revenue was the highest after the petroleum levy. The total non-tax revenue for 2024 was Rs. 3,184 billion, with petroleum levy accounting for the largest Rs. 1,019 […]
Talking to the media, SBP Governor Jameel Ahmeed said the central bank’s Monetary Policy Committee (MPC) met earlier today and decided to reduce interest rates owing to the decline in inflation in the past months. “We have noted that the inflation is on a declining trend,” SBP Governor Jameel Ahmad said as he addressed a […]
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, […]
