Why the State Bank Must Resist Pressure to Tinker with Currency and Rates
The State Bank of Pakistan faces pressure to cut rates and appreciate the rupee, but experts warn these conflicting goals could trigger another economic crisis. Analysts say the SBP must maintain independence, keep real rates high, and avoid policy missteps that risk undermining stability.
BankIslami Gets SBP Nod to Launch BIPL Exchange Company
BankIslami secures SBP’s approval to launch BIPL Exchange Company, expanding into Pakistan’s regulated foreign exchange sector with a wholly owned subsidiary.
SBP Boosts Reserves to 39-Month Peak on Robust Inflows and Aggressive Dollar Buying
The State Bank of Pakistan has raised its foreign exchange reserves to their highest level in over three years, supported by record remittances, dollar purchases from the market, and tight control on imports, reinforcing stability signals to investors.
SBP Warns Cutting Remittance Incentives Could Push Billions Back to Informal Channels
The State Bank of Pakistan has cautioned that reducing incentives under the Pakistan Remittance Initiative could divert critical inflows away from formal banking channels, threatening the country’s top source of foreign exchange.