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Wednesday, February 5, 2025
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State Bank of Pakistan

Pakistan declares February 5 as Kashmir Solidarity Day

In keeping with a tradition that dates back to 1990, Pakistan has declared February 5 as a public holiday in observance of Kashmir Solidarity...

Fourth Straight Interest Rate Reduction Expected by SBP

Economists widely expect the State Bank of Pakistan (SBP) to implement a 200 basis point cut in its policy rate at the upcoming meeting...

The rupee’s future depends on how much and when the IMF lends

The upcoming fiscal year, starting from July 1, is anticipated to present significant challenges for both the Ministry of Finance and the State Bank...

(SBP) reserves have reached a two-year peak, surpassing $9 billion

The State Bank of Pakistan's foreign exchange reserves have surged to a two-year high, exceeding $9 billion following inflows from the International Monetary Fund...

PSX sets new record following Saudi commitment

The Pakistan Stock Exchange (PSX) hit a new record high, surpassing the 70,000 mark, driven by positive factors including a 16.4% year-on-year increase in...

Rupee largely stable against US dollar

In the initial trading hours on Thursday, the Pakistani rupee showed minimal movement against the US dollar, experiencing a slight appreciation of 0.01% in...

The rupee at its highest level in five months

On Wednesday, the Pakistani currency reached a new five-month peak of Rs278.41 against the US dollar in the inter-bank market. This ascent marks the...

IMF wants flexible exchange rate in Pakistan

In Karachi, sources within the financial sector, closely connected to the Ministry of Finance, noted that the International Monetary Fund (IMF) has disregarded Pakistan's...

Gold prices surge in Karachi to Six-Month high amid Global trend

In Karachi, the price of gold surged on Wednesday to reach a six-month peak of Rs225,400 per tola (11.66 grams), mirroring the upward trend...

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