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

SBP raised the Policy rate by 250BPS to 12.25%

In an emergency meeting today, MPC decided to raise policy rate by 250bps to 12.25%. This strong and proactive policy response was necessitated by...
News Desk

SBP maintained the Policy Rate at 9.75%

The MPC decided to maintain policy rate at 9.75%. This reflected view that domestic demand & underlying current acc continue to moderate to a...
News Desk

SBP-held Foreign Exchange Reserves surged by 10.2% WoW to stand at...

The foreign exchange reserves held by the central bank surged 10.23% on a weekly basis. On February 4, the foreign currency reserves held by the...
News Desk

SBP decided to raise the Policy Rate by 25bps to 7.25%

The Monetary Policy Committee (MPC) decided to raise the policy rate by 25 basis points to 7.25 percent. Since its last meeting in ...
News Desk

Pakistan reports Current account deficit of $773mn in July 2021

Pakistan reports Current account deficit of $773mn in July 2021 as compared to the compared to a deficit of $1.6 bln in Jun21. While,...
News Desk

MPS: SBP maintained the Policy rate at 7%

At its meeting on 28th May 2021, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. Since its last...