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.
Pakistan’s Foreign Reserves Triple Without New Debt as SBP Charts Stability Path
Pakistan’s foreign exchange reserves have tripled to $14.5 billion without new debt, inflation has dropped to record lows, and the current account shows a surplus after 14 years, according to SBP Governor Jameel Ahmad, who also announced new digital finance initiatives to strengthen long-term stability.
SBP Enforces Mandatory H.S. Codes in Trade Transactions to Combat Money Laundering Risks
The State Bank of Pakistan has made H.S. Codes and detailed product information mandatory in all trade-linked financial instruments, aiming to combat trade-based money laundering, enhance transparency, and strengthen the country’s financial oversight framework.
State Bank of Pakistan’s Forex Reserves Edge Higher, Surpass IMF Targets
The State Bank of Pakistan’s foreign exchange reserves rose by $11 million to $14.243 billion in the week ending August 8, crossing IMF targets and lifting total liquid reserves to $19.496 billion, with commercial banks holding $5.253 billion.
SBP Launches Rs. 75 Commemorative Coin Honoring Marka-e-Haq and Independence Day
The State Bank of Pakistan has unveiled a Rs. 75 commemorative coin honoring the armed forces’ valor in Marka-e-Haq, set for public issuance from August 15, 2025.
State Bank Reports Economic Stabilization but Flags Risks Amid Global Uncertainty
The State Bank of Pakistan’s latest Monetary Policy Report signals economic stabilization following years of turbulence, but warns of persistent global and domestic risks that require sustained policy discipline and structural reforms.
Pakistani Rupee Gains Ground as State Bank Relaxes Export Rules
The Pakistani rupee strengthened to PKR 282.22 against the US dollar after the State Bank of Pakistan removed a key restriction on exporters, boosted by strong remittances but tempered by rising imports.
Bank Alfalah and Dawood Foundation Unveil Interactive Youth Financial Literacy Exhibit at MagnifiScience Centre
Bank Alfalah and The Dawood Foundation’s MagnifiScience Centre have launched Pakistan’s first interactive Money Matters Exhibition to promote youth financial literacy, aligning with the State Bank’s inclusion goals and SDGs.
SBP Eases Pressure on Exporters by Releasing Withheld Proceeds
The State Bank of Pakistan has withdrawn its directive on delayed export proceeds, allowing immediate release of withheld funds and instructing banks to report overdue bills in their regular submissions.
Banks and Financial Institutions to Close on August 14 for Independence Day Observance
The State Bank of Pakistan has announced that all banks, microfinance institutions, and development finance institutions will remain closed on August 14, 2025, for Independence Day, with digital banking channels expected to remain available for essential transactions.