The country’s current account has been showing a monthly deficit since December 2020, but in the first 10 years of the fiscal year 2020-2021, it remained at a surplus of $773 million, reflecting additional support for remittances and exports. According to the report, the latest State Bank of Pakistan (SBP)’s data show that the current … Read more
Pakistan recorded a 30% increase in the assets of Islamic banks during the fiscal year 2020. According to the details, a report released by the State Bank of Pakistan states that the total deposits of the Islamic banking industry increased by 27.8% in 2020. The report said the increase in assets was the highest in … Read more
The State Bank of Pakistan (SBP) says that the central bank’s reserves increased by $90 million in one week, after which the foreign exchange reserves increased to more than $12.9 billion. According to the details, the SBP said that the foreign exchange reserves of the central bank increased to more than $12.9 billion, while the … Read more
The State Bank of Pakistan (SBP) has announced that the current account deficit has decreased to $229 million from US$652 million last month. The SBP Tweeted, “In January 2021, current account deficit reduced to $229mn from $652mn last month. For the first 7 months of FY21, the current account surplus is $912mn, a significant turnaround … Read more
Governor State Bank of Pakistan (SBP) Raza Baqir has announced to bring digital financial and micro payment services. According to details, SBP Governor Dr Raza Baqir along with his Deputy Sima Kamil visited the Lahore Chamber of Commerce and met the businessmen in which Raza Baqir has emphasized on promoting contacts with the Lahore Chamber. … Read more
The State Bank of Pakistan will announce its bi-monthly monetary policy today. According to the details, the Monetary Policy Committee (MCP) will meet under the chairmanship of the Governor State Bank. Governor SBP Raza Baqir will announce the new interest rate in a press conference. At present, the policy rate is 7 percent. Today’s monetary … Read more
