Import ban pushes Pakistan’s current account into surplus
Islamabad: Pakistan’s current account recorded a surplus in March, the highest in two years, the State Bank of Pakistan (SBP) along with other market analysts said,...
Tag : statebankofpakistan
State Bank ‘allocates’ Rs21bn for polls
Karachi: The State Bank of Pakistan has allocated Rs21 billion for elections to Punjab and Khyber Pakhtunkhwa assemblies on Supreme Court’s order and sought the...
‘Rs50 commemorative coin to be issued to mark Constitution’s golden jubilee’
The federal government has authorized the central bank to issue an Rs50 commemorative coin to mark the 50th anniversary of the promulgation of the Constitution. The Constitution, which...
SC warns govt of consequences over delaying poll funds
Islamabad: The Supreme Court on Wednesday warned that the failure of the federal government to comply with the April 4 direction regarding the release of Rs21 billion...
Remittances hit a 7-month high at $2.5b
Karachi: Overseas Pakistanis sent home a record-breaking $2.53 billion in remittances in March, giving the country hope for a future current account surplus. The State...
SBP hikes interest rate to 21pc to tame inflation
Karachi: The State Bank of Pakistan on Tuesday raised its key interest rate to a record 21 percent in an effort to contain the spiraling...