Foreign exchange reserves
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966SBP declares OctaFX and other forex trading platforms illegal
State Bank of Pakistan (SBP) on Wednesday declared use of forex trading platforms including OctaFX and Easy Forex illegal in Pakistan. The...
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755
SBP reserves drop $869 million to $14.96 billion on debt repayments
A massive outflow of $869 million week-on-week mainly for debt repayments dragged the foreign exchange reserves of the State Bank of Pakistan...
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597
SBP foreign exchange reserves rise $2.65 billion to $18.66 billion
The foreign exchange reserves of Pakistan increased by 16.6% or $2.648 billion to $18.658 billion during the week ended on December 3...
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751
Exchange companies can now sell over $500 to buyers on Nadra e-Sahulat verification
The required biometric verification of dollar buyers by exchange companies has been activated by the National Database and Registration Authority (Nadra). State...
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763
T-bills bounce back as foreign investment reach $15.98 million
The inflow of foreign investment in T-bills during the second month of the current fiscal year reached $15.98 million against the outflow...
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669
State Bank revises forex rules for commercial remittances
The State Bank of Pakistan (SBP) changed foreign exchange instructions, facilitated the making of commercial remittances abroad through a number of ways...
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709
PM Imran sets wealth creation as next target to overcome economic challenges
The government’s next target is to increase exports and cut imports to save foreign exchange and create wealth that would bring prosperity...
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697
Pakistani Kinnow exports may surpass yearly target
Pakistani citrus industry has witnessed a breakthrough last week as Iran lifted restrictions on the import of Pakistani kinnow. According to the...
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636
Pakistan’s foreign exchange reserves hit five-year high
Pakistan’s foreign exchange reserves hit a five-year high of $23.2 billion last week with the State Bank of Pakistan crediting the rise...
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1.8K
SBP launches an FX Portal with 11 banks for end-to-end digitalization of FX requests
11 commercial banks have been selected by the State Bank of Pakistan (SBP) in its FX Portal to provide end-to-end digitalization of...
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798
$8b increase in Pakistan net foreign exchange reserves since June 2019
The net foreign exchange reserves of Pakistan have increased by $8 billion since June 2019, says State Bank of Pakistan Governor Dr...
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703
ADB to Provide $300 million Loan To Pakistan
In order to support the fragile foreign exchange reserves and remove barriers to imports, the Asian Development Bank (ADB) will lend $300...
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819
SBP makes remitting disinvestment proceeds easier to help attract FDI
The State Bank of Pakistan (SBP) announces a new and more “transparent mechanism, with complete delegation to banks” so that remitting disinvestment...
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1.8K
Rupee at 5-month high against dollar, reducing Pakistan debt by Rs760 billion
The Pakistani Rupee is gradually gaining momentum against the US Dollar in the interbank market as it regained Rs 1.12 against the...
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1.1K
Govt issues foreign currency account rules to curb forex buying from open market
According to the foreign currency rules of 2020, there could be no depositing of foreign currency in any person’s foreign currency account,...
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892
FDI increases by 40% in first two months of FY21
According to the State Bank of Pakistan’s (SBP) data, the FDI in the first two months of the ongoing fiscal year FY21...
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2.1K
Govt launches Naya Pakistan Certificates for overseas Pakistanis
The Finance Ministry announced on Twitter that the sale of conventional Naya Pakistan Certificates started from 14 September 2020, via agent banks....
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901
Govt plans to engage overseas Pakistanis to boost reserves
Government is planning to engage overseas Pakistanis in different ways to boost reserves including through bonds or deposits. State Bank of Pakistan...
