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…
Banks and Stock Exchange to Close on May 1st for Labour Day
The State Bank of Pakistan (SBP) has declared that it will be closed on Wednesday, 1st May 2024, in observance…
Pakistan’s Central Bank Maintains Interest Rate at 22% Amid Inflation Concerns
Pakistan’s central bank, the Monetary Policy Committee (MPC), opted to hold its key interest rate steady at 22% today. This…
Governor SBP Highlights Economic Recovery at ICMA Pakistan Convocation
Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, addressed the Members Convocation of ICMA Pakistan at a local hotel…