Search For "state bank of pakistan"
Updated : 5 days, 3 hours ago IST
The State Bank of Pakistan's (SBP) decision to hike its key policy rate by 100 basis points to a 24-year high of 16 per cent has created a new problem for Islamabad as it has to pay a heavy price for borrowing after the rate hike.
Updated : 5 days, 17 hours ago IST
The interest rate in Pakistan skyrocketed to its highest in 24 years after the State Bank of Pakistan (SBP) raised its key policy rate by 16 per cent on Friday to curb inflation, according to Dawn.
Updated : 6 days, 19 hours ago IST
The State Bank of Pakistan (SBP) jacked up its policy rate by 16 per cent on Friday, the Express Tribune reported on Friday citing the bank after a meeting of its monetary policy committee (MPC), according to the Express Tribune.
Updated : 1 week, 2 days ago IST
Apart from Pakistan, the Japanese bank said that there were seven countries including Egypt, Romania, Sri Lanka, Turkey, the Czech Republic, and Hungary now at a high risk of currency crises.
Looking at its falling economy, investors had also started losing their confidence in Pakistan's ability to pay back the loans. Neither, the creditors nor the market is impressed.
Updated : 2 weeks ago IST
In the fiscal year, 2022-2023, in July-September the debt and liabilities stood at Rs 62.46 trillion which is more than the same period of last fiscal year, accounting for Rs 50.49 trillion.
Updated : 2 weeks, 3 days ago IST
The workers' remittances recorded an inflow of USD 2.2 billion in October as compared to the previous month's figure of USD 2.4 billion, the central bank said in its official data last Friday.
Updated : 1 month, 1 week ago IST
Pakistan's FDI continues to witness a downturn.
Updated : 1 month, 3 weeks ago IST
Islamabad [Pakistan], October 9 (ANI): Newly appointed Pakistan Finance Minister Ishaq Dar may seem to be the problem solver but his short-term plan, in this economic situation, will create distortions and worsen the structural imbalances.
Updated : 2 months, 1 week ago IST
Islamabad [Pakistan], September 24 (ANI): Amid the unprecedented economic crisis in Pakistan, Net Foreign Direct Investment (FDI) in the country fell 26.1 pc during the first two months of the ongoing fiscal year (FY23), clocking in at just USD 169.5 million, media reports said citing the St
Updated : 2 months, 3 weeks ago IST
Islamabad [Pakistan], September 9 (ANI): The Financial Action Task Force (FATF) has manoeuvred Pakistan's inbound international passengers to declare all foreign currency.
Updated : 2 months, 4 weeks ago IST
Islamabad [Pakistan], September 5 (ANI): The estimated economic loss to Pakistan from floods has increased from USD 10 billion to USD 12.5 billion.