State Bank of Pakistan (SBP)

Karachi (Newsman): In the interbank market, the Pakistani rupee saw a slight increase of 0.04% on Tuesday, continuing its upward trend against the US dollar. The rupee gained Re0.10 in value by the end of trading, reaching Rs277.87. The…

Karachi (Newsman): By March 2025, banks and financial institutions will be required by the State Bank of Pakistan (SBP) to implement the RAAST payment system in online retail and e-commerce sites. Consequently, banks will make RAAST P2M…

ISLAMABAD (Newsman): A bullish trend keep its touch at the Pakistan stock market for last few days, with some minor technical adjustment, as shares at the Pakistan Stock Exchange (PSX) jumped more than 800 points in intraday trade on…

Karachi: According to figures issued on Monday by the State Bank of Pakistan (SBP), Pakistan's current account reported a third consecutive month's surplus of $349 million in October 2024, as opposed to a loss of $287 million in the same…

Mission Chief's end note says, "We had constructive discussions with the authorities on their economic policy and reform efforts to reduce vulnerabilities and lay the basis for stronger and sustainable growth".

Karachi: After the central bank cut interest rates aggressively by 2.5 percentage points, the Pakistani rupee fell by Rs0.09 to settle at Rs277.79 versus the US dollar on Monday's interbank market. It was due to predictions of increased…

Karachi: Due to the dollar's strengthening versus other major currencies globally, Pakistan's currency lost Rs 0.04 to Rs 277.68 against the US dollar on Monday's interbank market, primarily undoing Friday's gains. Over the weekend, the…

KARACHI, October 27, 2024 — State Bank of Pakistan (SBP) Governor Jameel Ahmad provided an optimistic outlook on Pakistan's economy, highlighting significant improvements in key economic indicators during recent meetings with international…

Karachi: After a temporary one-day decline following an increase in the supply of the US dollar, the value of the Pakistani rupee rose by Rs 0.20 to close at a one-week high of Rs 277.64 versus the US dollar on Friday in the interbank…

Aims to be free from government oversight; the refinery will increase production with improvements .