KARACHI: The State Bank of Pakistan (SBP) has increased its policy rate by 100 basis points to 7.5 per cent to fight...
Central bank issues instructions to exchange companies after Pakistan placed on FATF grey list.
Situation for banks would become more difficult than it was during 2012-15, bankers claims.
During the last couple of years the foreign exchange reserves of the State Bank drastically reduced to $10bn.
In the interbank market, the dollar appreciated by 46 paisas against the rupee, touching an intraday high of Rs122.75.
KARACHI: The downfall of the rupee continued as it traded as low as Rs122.75 in the interbank rate on Thursday ...
US dollar traded at a record price of Rs122 in the open market on Tuesday, a day after 3.8pc devaluation by the SBP.
KARACHI: The country received $18 billion in remittances from overseas Pakistani workers during the 11 months of...
Slips by Rs4.40 to settle at Rs119.8 to a dollar in interbank market.
The $1.282 billion worth of exports come despite less than cordial relations between the neighbours.
The outgoing government could not resolve the growing problem of PSEs’ debts.
“Banking through digital channels has been gaining increasing popularity in recent years,” says SBP report.
KARACHI: Scheduled banks’ investment in the government securities has reached around Rs7 trillion – slightly...
Lack of reciprocal growth in inflows creates a serious problem for the country as it struggles to contain its reserves.
The foreign exchange reserves of the SBP further slipped to $10 billion.
Most private sector borrowing this year was for working capital needs, not fixed investment.
External sector worsening, situation cannot be ‘overstated’, says SBP in last MPC of govt’s term.
The regulator on Monday had made ID documents mandatory for transactions in amounts of $500 and above.
The decision comes in the wake of Pakistan's impending placement on the FATF “grey list”.
During the outgoing fiscal year borrowing from SBP remained high compared to the previous five years.