SBP raises interest rate by 100 basis points to 11.5%
KARACHI: In a move that defied market expectations, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) announced a sharp 100 basis point...
Fuel crunch brings Rs27 petrol shock from govt
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday jacked up prices of both high speed diesel and petrol by Rs27 per liter despite no increase...
Pakistan repays $3.45bn to UAE, central bank confirms
KARACHI: Pakistan repaid the $3.45 billion deposit to the United Arab Emirates, the State Bank of Pakistan confirmed on Friday.
The central bank said the $1bn...
Pakistan gets $1bn Saudi inflow as second tranche of $3bn deposit
KARACHI: The State Bank of Pakistan (SBP) confirmed on Tuesday that Pakistan has received $1 billion from the Kingdom of Saudi Arabia.
“State Bank of...
Aurangzeb praises Beijing’s backing of Pakistan’s IMF programme in talks with Chinese counterpart
ISLAMABAD: Finance Minister Muhammad Aurangzeb appreciated China’s support in facilitating Pakistan’s engagements with the International Monetary Fund (IMF) in a meeting with his Chinese...
