Central bank’s foreign exchange reserves increase by $6 million during the week ended June 12, while commercial banks hold over $5.5 billion. Pakistan’s foreign exchange reserves remained broadly stable during…
The State Bank of Pakistan (SBP) has revised its criteria for the conversion of conventional banking branches into Islamic banking branches, streamlining the process to facilitate faster industry-wide transition. Issued…
State Bank has announced it will issue Naya Pakistan Certificates in Saudi riyal and UAE dirham, but the returns are slightly lower than those for US dollar investments. The central…
With over USD950 million in export receipts during the first 10 months of the current fiscal year, Pakistan is nearing the landmark USD1 billion milestone in freelance export earnings, as…
The State Bank of Pakistan (SBP) on Tuesday said the country’s financial system maintained steady performance and resilience during calendar year 2025, supported by improving macroeconomic conditions, stronger capital buffers,…
Gold crashes from Rs24,300 to Rs499,462 per tola amid global sell-off The central bank said in its latest weekly update on Thursday that the country’s foreign exchange reserves, held by…
