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
The State Bank of Pakistan (SBP) on Monday announced a nine-month current account is in surplus for the first time in seventeen years. According to the details, SBP in a series of tweets today said that Fiscal Year (2021) FY21 growth is expected to rise to 3.94%, as post-Covid recovery is underway since last summer … 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
Prime Minister Imran Khan on Tuesday held separate meetings with Minister for Maritime Affairs Syed Ali Zaidi, Governor State Bank Dr Reza Baqir and a delegation of Ulema and Mashaikh council to discuss the current situation. According to the details, Minister for Maritime Affairs Syed Ali Zaidi the Prime Minister about an important Pak-China joint … Read more
Addressing a press conference in Karachi, Governor State Bank Dr. Reza Baqir has said that inflation is threatening but is likely to remain within the target. He said the economic growth in the country has boosted and the confidence of the business community has strengthened. “The government also took some serious decisions regarding the country’s … 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
