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State Bank Releases Annual Report on The State of Pakistan’s Economy

KARACHI, Pakistan: The State Bank of Pakistan (SBP) on Monday released its Annual Report on the State of Pakistan’s Economy for the Fiscal Year...

Pakistan’s foreign reserves further plunge by $117 million

Total reserves: $12.9 billion, down by $117 million SBP reserves: $7.7 billion, up by $67 million Commercial Banks reserves: $5.2 billion, down by...

Mohamed Essa Al Taheri joins U Microfinance Bank as Acting President & CEO

ISLAMABAD, Pakistan: U Microfinance Bank (U Bank) has announced the appointment of Mr. Mohamed Essa Al Taheri as the Acting President & Chief Executive...

Pakistan’s economy recovering as Islamabad fights back economic terrorism

Islamabad, Pakistan: The value of the Pakistani rupee continues to stabilize after a massive crackdown on smugglers and currency hoarders by the interim government...

Petrol Price in Pakistan Today – 16 October 2023

New Prices of Petroleum Products in Pakistan for October 16-31, 2023Petrol: Rs 283.38 per litre (decreased by Rs 40) High-Speed Diesel: Rs 303.18...

Inflation expected to continue its downward trajectory over coming months: Governor SBP

MARRAKECH, Morocco: The Governor State Bank of Pakistan (SBP) Jameel Ahmad met key international investors during events organized by global banks including Barclays, JP...

Pakistan’s foreign reserves down to $13 billion

Total reserves: $13 billion, down by $1 million SBP reserves: $7.6 billion, up by $31 million Commercial Banks reserves: $5.4 billion, down by...

Remittances increased by 5.3% MoM to $2.2 billion in September 2023

ISLAMABAD, Pakistan: The Overseas Pakistanis sent remittances amounting to US$ 2.2 billion in September 2023, showing an increase of 5.3 percent compared to the...

Bank deposits are perfectly safe, State Bank of Pakistan clarifies

KARACHI, Pakistan: The State Bank of Pakistan (SBP) has said that certain sections of the media, on the basis of a statement given by...

Pakistan’s textile exports witness 12% decrease in September 2023

ISLAMABAD, Pakistan: Pakistan’s textile exports have witnessed 12 percent decrease in September 2023 as compared to the corresponding month last year. Sharing the data...

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