KARACHI: The State Bank of Pakistan has said that in August 2024, the current account had a surplus of 7.5 million dollars. According to State Bank of Pakistan, current account surplus was $7.5 million in August 2024, current account deficit was $24.60 million in July 2024 and current account deficit was $15.20 million in August […]
KARACHI: Pakistan’s risk of default is over. FER (Foreign Reserves) with State Bank of Pakistan increased by $30 million to $9.466 billion in September 2024. According to the latest data released by State Bank of Pakistan, interest rates of banks have also been reduced by 200 basis points. It is the most significant decline since […]
State Bank of Pakistan has reduced the interest rate by 2 percent. The State Bank has announced a monetary policy in which interest rates have been reduced by 200 basis points. The interest rate has been reduced from 19.5% to 17.5%, the interest rate has been fixed for the next 2 months.
An increase of 3.3 million dollars was recorded in the official foreign exchange reserves during the last week. According to the data released by the State Bank, an increase of 33.3 million dollars was recorded in the government’s foreign exchange reserves during the last week. State Bank has shortlisted the designs of new notes After […]
The government sold T-bills worth 321 billion in the auction. In the announcement issued by the State Bank, the details of the auction of T-bills have been informed. According to the central bank, the government sold 3-month bills worth 52 billion rupees and the cut-off yield of 3-month bills decreased by 1.48 percent to 17.49 […]
It has been decided to exchange all currency notes from Rs 10 to Rs 5 thousand. State Bank Governor Jameel Ahmed gave a briefing in the meeting of the Senate Standing Committee on Finance and said that all currencies will be introduced according to the new design by December. Islamabad administration has canceled the NOC […]
Listen to article PAKISTAN: False information circulating on social media about cyberattacks and ATM closures has been refuted by he National Computer Emergency Response Team (nCert) An advisory issued by nCert, in consultation with the State Bank and other stakeholders, confirmed that there have been no incidents of ATM closures or issues with online banking; all banking infrastructure, including ATMs, is functioning […]
The State Bank of Pakistan has said that the external debt of the government has decreased by Rs 277 in FY24. The State Bank has denied the news which claimed that Pakistan’s total debt has reached 315 trillion dollars. In this regard, the State Bank issued a statement explaining that the government’s debt will be […]
Pakistan’s foreign exchange reserves have increased by millions of dollars, the State Bank has released the data. According to State Bank data, domestic foreign exchange reserves increased by $5.63 billion in the week ended July 26. Bread should be allowed to be sold at Rs.20, Muttahida Nonbuy Association After this increase, the country’s foreign exchange […]
Listen to article ISLAMABAD: Finance Minister Muhammad Aurangzeb has stated that the country’s economic condition cannot be improved by relying on foreign loans. Speaking at the inauguration ceremony of the SECP Head Office building in Islamabad, Aurangzeb emphasised the need for immediate reforms in the energy sector to ensure that the ongoing IMF programme is the last. Aurangzeb […]