Tue, 21-Oct-2025

SBP’s foreign exchange reserves drop below $8bn

SBP's foreign exchange reserves drop below $8bn

KARACHI: The foreign exchange reserves of the State Bank of Pakistan have declined by $125 million to reach $7.930 billion due to ongoing debt repayments. The downward trend in domestic foreign exchange reserves persists. As of the week ending on August 18, the combined foreign exchange reserves of the nation stood at $13.84 billion. The … Read more

SBP signs deposit agreement with Saudi fund

AUD TO PKR

KARACHI: The State Bank of Pakistan (SBP) and the Saudi Fund for Development (SFD) signed a $3 billion deposit agreement, a statement said on Monday. State Bank Governor Dr Reza Baqir and SFD chief executive officer Sultan Bin AbdulRahman Al-Marshad signed the agreement. Under this deposit agreement, the Saudi fund would place $3 billion with … Read more