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World Published 09 Feb, 2022 04:53pm

Sri Lanka not on verge of sovereign default, says central bank

COLOMBO: Sri Lanka's central bank said on Wednesday the country was committed to honouring all forthcoming debt...

Business Published 03 Feb, 2022 06:55pm

Rupee recovers sharply against US dollar after IMF announcement

The currency appreciated 0.51% in the inter-bank market, settling at its highest level since December 1

Business Published 27 Jan, 2022 10:31pm

SBP's foreign exchange reserves drop to $16.2bn

The reserves decrease due to external debt and other payments

Business Published 27 Jan, 2022 10:43am

SBP governor confident IMF will revive $6b loan programme

Dr Reza Baqir says the govt has taken key measures to fulfil the International Monetary Fund's conditions

Business Published 24 Jan, 2022 06:03pm

No change in interest rate: SBP Governor Dr Reza Baqir announces monetary policy

Several developments suggest demand moderating measures are gaining traction and have improved the outlook for inflation, says Monetary Policy Committee

Must Read Published 08 Jan, 2022 10:51am

SBP Amendment Act: NAB, FIA to have powers to probe SBP officials?

Indemnity is being proposed for actions taken in good faith, so that officials are not afraid to take actions

Business Published 07 Jan, 2022 12:46am

Against USD: Pakistan's rupee weakens yet again

Last week, the PKR had closed at its all-time record low of 178.24 against the USD

Business Published 06 Jan, 2022 11:49pm

SBP-held foreign exchange reserves fall $169mn, stand at $17.69bn

Total liquid foreign reserves held by the country stand at $24.02 billion

Business Published 04 Jan, 2022 11:07am

New framework: SBP to grant two types of digital bank licences

Digital Retail Bank will focus on retail customers and Digital Full Bank can deal with retail customers as well as business and corporate entities

Business Published 03 Jan, 2022 11:13pm

SBP launches licensing and regulatory framework for digital banks

SBP says licensing and regulatory framework provides details for setting up digital banks as a separate category

Business Published 31 Dec, 2021 01:30pm

Mini Budget, SBP (Amendment) Bill: NA session adjourned again

The approval of the Finance (supplementary) Bill, 2021 and State Bank of Pakistan (Amendment) Bill, 2021 was again...

Business Published 16 Dec, 2021 10:39pm

Pakistan's rupee remains unchanged against US dollar in inter-bank market

Pakistan's rupee remained unchanged against the US dollar, staying near the 178-mark

Business Published 29 Nov, 2021 05:02pm

Pakistan, Saudi Arabia sign $3-billion deposit agreement

Deposit will help support Pakistan’s foreign currency reserves and contribute towards resolving adverse effects of Covid-19 pandemic

Business Published 26 Nov, 2021 05:19pm

Against USD: Pakistan's rupee ends near historic low

Pakistan's rupee weakened further against the US dollar to close near its historic low after another round of...

Business Published 19 Nov, 2021 05:14pm

Monetary policy: SBP raises key interest rate by 150 basis points to 8.75%

The central bank's MPC said that since the last meeting, risks related to inflation and the balance of...

Business Published 17 Nov, 2021 10:42pm

Pakistani rupee appreciates 0.65% against US dollar

The rupee has seen a volatile ride against the US dollar in the past few weeks, amid lack of clarity over...

Pakistan Updated 16 Nov, 2021 06:44pm

SBP moves up monetary policy announcement by a week to Nov 19

Central bank says meeting brought to dela with recent unforeseen developments that have affected inflation and balance of payment outlook

Published 12 Nov, 2021 02:49pm

Stumbling rupee hits another all-time low against the dollar

Greenback soars to Rs176 in interbank market, while trading at Rs178 on the open market