SECP Seeks to Boost Short-Term Sukuk Market in Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has issued concept papers to stimulate the growth of the short-term listed…
SBP Launches NIBAF Pakistan, Merging NIBAF and IBP
The State Bank of Pakistan (SBP) has taken a significant step towards strengthening the country’s financial sector by merging its…
SBP Boosts Asaan Account Limits by Rs. 5 Million for Eid Ul Adha Cattle Markets
The State Bank of Pakistan (SBP) announced temporary increases to transaction and balance limits for specific accounts to promote digital…
Pakistan’s KIBOR Rates Fall After Successful Bond Auction
Pakistan’s key lending rates, reflected in the Karachi Interbank Offered Rate (KIBOR), witnessed a significant drop following a successful government…
Pakistan’s SBP Reserves Dip $63 Million, Still Above $9 Billion
The State Bank of Pakistan’s (SBP) foreign exchange reserves dipped by $63 million in a week, according to data released…
Pakistan Stock Exchange Closed for Youm-e-Takbeer as Nation Celebrates Defense Strength
The Pakistan Stock Exchange (PSX) will be closed on Tuesday, May 28th, 2024, in observance of Youm-e-Takbeer, a national holiday…
SBP Grants In-Principle Approval for Bank Alfalah’s Bangladesh Operations Sale
Bank Alfalah Limited (BAFL) has received in-principle approval from the State Bank of Pakistan (SBP) to facilitate Bank Asia Limited…
SBP Foreign Reserves Stabilize Above $9 Billion Amid Modest Increase
The State Bank of Pakistan (SBP) reported a $15 million increase in foreign exchange reserves for the week ending May…
SBP Releases Optimistic Half-Year Report on Pakistan’s Economy
The State Bank of Pakistan (SBP), presented a cautiously optimistic outlook on the country’s economic state in its half-year report…
Pakistan Govt. Borrowing Soars Past Rs. 5.7 Trillion in 10 Months
Pakistan’s federal government has significantly ramped up borrowing from banks, exceeding Rs. 5.7 trillion in the first 10 months of…