SBP Buys $8.78 Billion in Forex Market, Targets $25 Billion Reserves by June 2027
The State Bank of Pakistan purchased $8.78 billion from the interbank foreign exchange market in 12 months, raised its remittance forecast to $45 billion and retained its $25 billion reserves target for June 2027.
IMF Projects Pakistan Current Account Deficit at $4.5 Billion and Financing Needs at Up to 25% of GDP
The IMF warns Pakistan faces external financing risks from rising imports and moderating remittances, projecting a $4.5 billion current account deficit and financing needs of 22% to 25% of GDP.
HBL, SBP and Askari Bank Promote Pasban Remittance Reward Scheme in the United States
HBL led an inaugural webinar with the State Bank of Pakistan and Askari Bank to raise awareness of the Pasban Remittance Reward Scheme among overseas Pakistanis in the United States.
Pakistan Roshan Digital Account Inflows Increase to $14.157 Billion in September 2026
Pakistan’s Roshan Digital Account inflows rose by $251 million to $14.157 billion in September 2026, with Islamic Naya Pakistan Certificates maintaining the largest share of net investments.
Pakistan RDA Inflows Reach $251 Million in September 2026
Pakistan’s Roshan Digital Accounts attracted $251 million in September 2026, taking cumulative inflows to $14.157 billion as account openings reached 975,602, according to SBP data.
Pakistan May Reach B+ Sovereign Rating by Q1 FY28, Says Finance Minister Aurangzeb
Finance Minister Muhammad Aurangzeb says Pakistan could achieve a B+ sovereign credit rating by Q1 FY28 as reserves, remittances and macroeconomic stability improve.
SBP Pasban Scheme Offers Rs16 Billion in Annual Cash Prizes for Remittance
SBP’s Pasban Remittance Reward Scheme offers Rs16 billion in annual cash prizes to eligible beneficiaries receiving overseas remittances through bank accounts.
Pakistan’s Foreign Exchange Reserves Near $27 Billion, Says PBA Chairman
Pakistan Banks Association Chairman Munir Kamal says the country’s foreign exchange reserves are approaching $27 billion, while remittances could reach $45 billion.
Pakistan Worker Remittances Rise 16.5% To $3.66 Billion In August 2026
Pakistan received $3.66 billion in workers’ remittances during August 2026, marking 16.5% yearly growth, with Saudi Arabia, the UAE and UK among the largest sources.
Pakistani Banks To Pay $256 Million For Receiving Foreign Remittances In FY27
Pakistani banks are expected to pay $256 million to overseas banks for processing workers’ remittances after the government ended its financial support scheme.