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Business & Economy Published 23 May, 2022 05:28pm

State Bank raises key interest rate to 13.75%

This is the highest interest-rate level since 2011 when it stood at 14%

Business & Economy Published 23 May, 2022 03:08pm

KSE-100 sheds over 700 points in intra-day trading

Market expects SBP Monetary Policy Committee to jack up interest rate by 100 bps

Business & Economy Updated 18 May, 2022 12:51pm

Rupee’s faces another steep fall, trades at Rs197.75 against dollar in inter-bank market

Pakistan, IMF talks start in Doha today

Business & Economy Updated 17 May, 2022 01:10pm

Dollar continues to jump, reaches Rs195.50 in interbank trade

Currency dealers blame trade deficit, political uncertainty, impending IMF programme

Business & Economy Updated 13 May, 2022 05:54pm

Dollar reaches all-time high of Rs193 in interbank trade

Economist Khurram Schehzad says situation will be clear in the next 15 to 20 days

World Published 11 May, 2022 06:11pm

Sri Lanka economy will ‘collapse’ if no new govt in 2 days: central bank

Unless a new government is appointed within two days, Sri Lanka's economy will collapse

Business & Economy Updated 07 May, 2022 04:31pm

SBP withdraws six-day workweek order

Banks will function from Monday to Friday, with some branches being opened to facilitate businesses on Saturday

Business & Economy Updated 06 May, 2022 12:09pm

Govt appoints Murtaza Syed acting SBP governor

Syed has more than 20 years of experience in macroeconomic research and policy making

Business & Economy Updated 04 May, 2022 12:30pm

No extension for Baqir, Murtaza Syed will take over as acting State Bank of Pakistan governor

Finance Minister Miftah Ismail says as SBP governor Dr Reza Baqir term comes to end, as per law the senior most deputy governor takes over until

Pakistan Published 01 May, 2022 10:00am

Saudi Arabia, Pakistan to discuss possible support for kingdom's $3b deposit

Pakistan also welcomes Saudi Arabia decision to extend agreement to finance exports of crude oil products and oil derivatives

Business & Economy Published 21 Apr, 2022 06:48pm

Rupee closes near 187 after fourth straight loss against US dollar

PKR falls another 0.56% against the greenback in inter-bank market on Thursday

Business & Economy Published 19 Apr, 2022 07:54pm

Rupee registers massive loss against US dollar

The local currency closes at 184.44 after a day-on-day depreciation of Rs1.90

Business & Economy Published 14 Apr, 2022 06:30pm

Rupee records fifth successive gain against US dollar

In the last five trading sessions, the rupee has appreciated by 3.6%

Business & Economy Updated 16 Apr, 2022 09:19pm

SBP to observe six-day working week with revised working hours

The SBP says these timing will also be followed by all banks, development financial institutions and microfinance banks

Business & Economy Published 07 Apr, 2022 05:03pm

At emergency meeting, SBP raises policy rate by 250 basis points to 12.25%

Central bank is in process of taking further actions to reduce pressures on inflation, current account

Business & Economy Published 06 Apr, 2022 05:58pm

Rupee continues free fall, crossing 186 against US dollar

Rupee closes at 186.13, its weakest level in history, after a day-on-day depreciation of 90 paisas

Business & Economy Published 05 Apr, 2022 10:41am

SBP defers some requirements for Afghan transit trade till December 31

Requirement also pertains to submission of proceeds realization certificate for freight