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IMF board to meet today to approve $7bn loan for Pakistan

IMF board to meet today to approve $7bn loan for Pakistan

The International Monetary Fund Executive board said it would consider “Pakistan - 2024 Article 4 Consultation and Request for an Extended Arrangement under the Extended Fund Facility”.Pak finance minister Muhammed Aurangzeb said the IMF board

SBP Reveals New Banknote Designs

SBP Reveals New Banknote Designs

State Bank of Pakistan (SBP) on Thursday announced the conclusion of the art competition to design the new series of banknotes. ‘We appreciate the local artists and designers who participated in the competition showcasing their

Pakistan is considering introducing digital currency

Pakistan is considering introducing digital currency

Pakistan is thinking about using digital currency.  Which shows they might be moving toward a more tech-focused Economy.. At the World Economic Forum (WEF) special meeting in Riyadh, Finance Minister Muhammad Aurangzeb announced that the

SBP Addresses Concerns Over Misprinted Banknotes

SBP Addresses Concerns Over Misprinted Banknotes

The State Bank of Pakistan (SBP) has issued a Statement in Response to the recent uproar Concerning Misprinted Banknotes asserting that while internal Controls are being Bolstered the Current System Still Carries a Degree of

Pakistan’s Foreign Reserves Drop to $13.1 Billion: SBP

Pakistan’s Foreign Reserves Drop to $13.1 Billion: SBP

The State Bank of Pakistan (SBP) has announced a decrease in the country's foreign exchange reserves, which now stand at US$13,097.8 million following a decline of US$44 million, according to recent Reports. In a statement

State Bank of Pakistan Initiates Overhaul of Currency Notes to Counter Counterfeiting Issues

State Bank of Pakistan Initiates Overhaul of Currency Notes to Counter Counterfeiting Issues

The State Bank of Pakistan (SBP) is Planning to introduce New Currency notes for all Denominations Due to the increasing Complaints about Fake Notes. SBP Governor Jameel Ahmad mentioned that this Decision aims to Tackle

 State Bank of Pakistan Launches FX Matching Platform for Interbank Deals

 State Bank of Pakistan Launches FX Matching Platform for Interbank Deals

The State Bank of Pakistan (SBP) has introduced FX Matching, a platform aimed at enhancing transparency in the foreign exchange market. Effective from January 29, 2024, the SBP has made it mandatory for Authorized Dealers

Pakistani Rupee’s Winning Streak: 11th Consecutive Gain Against US Dollar

Pakistani Rupee’s Winning Streak: 11th Consecutive Gain Against US Dollar

The Pakistani Rupee has Demonstrated Remarkable Strength by Securing its 11th Consecutive Gain against the US Dollar in the inter-Bank Market. According to the State Bank of Pakistan (SBP) the Rupee Settled at 282.20 after

Pakistan’s Foreign Exchange Reserves Decline to $6.9 Billion, Highlights IMF Agreement Progress

Pakistan’s Foreign Exchange Reserves Decline to $6.9 Billion, Highlights IMF Agreement Progress

The State Bank of Pakistan (SBP) has reported a Decline in the Country's foreign Exchange Reserves by $136 Million, bringing the total to $6.904 billion as Per the latest update on Thursday. The SBP Clarified

Four Pakistani Banks Fined Over Rs83 Million for Violating Banking Laws

Four Pakistani Banks Fined Over Rs83 Million for Violating Banking Laws

Four Pakistani Banks Fined Over Rs83 Million for Violating Banking Laws Four Pakistani banks recently faced fines totaling over Rs 83 million for violating banking laws, imposed by the State Bank of Pakistan (SBP). The