SBP

Pakistan’s Current account posted a surplus of $128Mn in Feb

Pakistan’s current account posted a surplus of $128 million in February 2024, in contrast to a revised deficit of $303 million in the previous...

Remittances surged by 13% YoY in Feb’24

According to the latest data from the SBP, Workers' Remittances dropped by 6.18% MoM in February to $2.25 billion, down from $2.4 billion in...
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Economy
News Desk

Pakistan economy: State Bank of Pakistan to continue with monetary tightening

Although there is a strict prohibition against charging interest, a significant number of Islamic banks still rely on interest-based benchmarks like Karachi Interbank Offered...
News Desk

SBP has raised the Interest rate by 100BPS to 17%

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its meeting has decided to raise the policy rate by 100 basis...
News Desk

MPC of the SBP has raised the Policy rate by 100BPS...

The Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 16%. This decision is aimed at ensuring that elevated...
News Desk

MPC of the SBP maintained the Policy rate at 15%

The Monetary Policy Committee (MPC) decided to maintain the policy rate at 15 percent. Based on currently available info, growth could fall to around...
News Desk

MPC of the SBP has increased the Policy rate by 125BPS...

The State Bank of Pakistan (SBP) has increased the key interest rate by 125 basis points, taking it to 15%. This was announced during...
News Desk

SBP raised the Policy rate by 150BPS to 13.75%

The MPC of the State Bank of Pakistan has decided to raise policy rate by 150bps to 13.75%. This is the highest interest-rate level...