Govt raises above-target amount in PIBs auction
ISLAMABAD: The Government of Pakistan raised above the target amount through the auction of Pakistan Investment Bonds (PIBs). As per data released by the central bank, the government raised Rs 350 billion in the auction. The State Bank says that the target of the auction was to sell PIBs worth
Pakistan’s remittance surge 35 per cent in first four months of FY25
KARACHI: The latest statistics from the State Bank of Pakistan (SBP), issued on Friday, show that remittances by expatriate Pakistani laborers rose by 34.7 per cent in the first four months of the current financial year 2025, hitting $11.8 billion as opposed to $8.8 billion during the same interval last
SBP reserves rise by $18 million, reaching $11.17 billion
The State Bank of Pakistan’s foreign exchange reserves have risen by $18 million, reaching a 30-month high. on Thursday. The State Bank of Pakistan has released the weekly data of foreign exchange reserves, according to which reserves have reached a 30-month high. According to the State Bank, the dollar reserves
State Bank of Pakistan cut its key policy rate
The State Bank of Pakistan (SBP) has announced a cut to its key policy rate by 250 basis after inflation dropped to single digit. “At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basispoints to 15 percent, effective from November 5, 2024″,
‘Sell their own flats’: Sheikh Rashid criticises PML-N over PIA privatisation
Former Federal Minister Sheikh Rashid Ahmed, speaking outside an anti-terrorism court in Rawalpindi on Monday, criticized the government for selling Pakistan International Airlines (PIA) and said, "The leaders should sell their own flats instead of national institutions."
PKR dips against USD
Pakistani rupee marginally depreciates on Thursday against the US dollar in the interbank market. According to the data released by the State Bank of Pakistan on Thursday, after a slight increase of 6 paise, the dollar has increased from Rs277.79 to Rs277.85 at the end of business on Thursday. The
Govt raises Rs820 billion via T-bills
In a recent auction of Treasury Bills (T-Bills), the cut-off yields decreased by up to 140 basis points (bps), indicating a shift in Pakistan’s borrowing costs. According to data from the State Bank of Pakistan (SBP), the government raised Rs820 billion, surpassing the initial target of Rs400 billion against the
Dollar surges in interbank market, drops in open market
The dollar has shown contrasting movements in the interbank and open markets. According to the State Bank of Pakistan, the interbank exchange rate for the dollar closed at Rs277.69, marking an increase of 8 paise from the previous rate of Rs277.61. Conversely, the open market experienced a decline in the
Finance Minister leaves for USA to attend IMF, World Bank meetings
Finance Minister, Muhammad Aurangzeb has left for the United States (US) to attend the annual meetings of the International Monetary Fund (IMF) and World Bank.
Easypaisa charges users for biometric verification errors
Easypaisa is under scrutiny for deducting Rs. 99 from users’ accounts who fail biometric verification with NADRA, amid a lack of regulatory justification. Moreover, users have reported being charged repeatedly for unsuccessful fingerprint attempts, raising concerns about the absence of clear regulatory guidelines for these fees. Moreover, Easypaisa also introduced
