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Business & Economy Published 23 Feb, 2023 05:16pm

Pakistan set to increase interest rates in off-cycle review, say investors

Market participants are expecting at least a 200 basis points increase in SBP's policy rate

Business & Economy Published 23 Jan, 2023 05:10pm

SBP raises policy rate by 100bps to 17%

Governor SBP says rationale behind rate hike was that inflationary pressure persists

Business & Economy Published 29 Dec, 2022 06:09pm

State Bank withdraws condition on opening LCs for import payments

Central bank says letter of credits for import payments can be opened from Jan 2

Business & Economy Published 13 Dec, 2022 06:01pm

SBP not to accept old-design banknotes after Dec 31

Central bank informs the public to avail the final opportunity to exchange such banknotes

Business & Economy Published 03 Dec, 2022 09:18am

Pakistan expects $3b from friendly country in two weeks

When asked about a delay in visit of IMF delegation, Dar said he ‘didn’t care’

Business & Economy Published 28 Nov, 2022 06:20pm

KSE-100 sheds over 800 points after policy rate hike

Investors opt for selling their shares after the interest rate hike created negative impact

Business & Economy Published 25 Nov, 2022 08:22pm

Pakistan to repay $1 bln bond early: SBP governor

Says reserve levels will depend on the continued realisation of expected inflows

Business & Economy Updated 25 Nov, 2022 08:46pm

SBP announces monetary policy, jakes up interest rate by 1%

Central bank says higher food and core inflation are key contributors to elevated inflation

Business & Economy Published 08 Nov, 2022 09:11pm

SBP, FIA to take joint action against illegal forex

Teams will crack down on all illegal foreign exchange operators and businesses

Business & Economy Published 10 Oct, 2022 06:03pm

SBP warns of renewed inflation as interest rate remains unchanged

Says based on available info, growth could fall to around 2% in FY23

Business & Economy Updated 03 Sep, 2022 09:49am

A Miftah Ismail crash course on fixing Pakistan’s economy

Warns of ‘bleak spring’ and expensive flour if Sindh does not start wheat crop by mid-October

Business & Economy Published 30 Aug, 2022 06:55pm

Indus Motor Company again announces shutdown of plant from Sep 1 to Sep 16

Millat Tractors also announces it will keep its production operations closed from August 31 till September 16

Business & Economy Published 22 Aug, 2022 05:03pm

SBP keeps interest rate unchanged at 15 percent

Monetary Policy Committee says with recent inflation developments in line with expectations

Business & Economy Updated 19 Aug, 2022 01:33pm

Govt names Jameel Ahmad as new SBP governor

Ahmad had been serving as central bank deputy governor before his promotion

Business & Economy Updated 03 Aug, 2022 05:20pm

Rupee rebounds, makes massive gains against dollar

Rupee closes at 228.80 against greenback a day after IMF said Pakistan completed last prior action for loan programme

Business & Economy Updated 29 Jul, 2022 05:41pm

Rupee breaks losing streak, closes at Rs239.37 against dollar

Rising political and economic stress has kept the rupee on the receiving end against the US dollar

Business & Economy Published 27 Jul, 2022 09:53pm

Pakistan’s current account deficit hits $2.28bn in June

Cumulative deficit for FY22 stands at $17.4bn, 517% higher on a yearly basis

Business & Economy Updated 26 Jul, 2022 06:00pm

Rupee falls to historic low, closes near 233 against US dollar

Pakistan's $33.5-billion external financing needs are fully met for financial year 2022/23, says SBP