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Bank Holiday Ramadan: Revised Bank Timing in Ramadan 2025 by SBP

Bank Holiday Ramadan: Revised Bank Timing in Ramadan 2025 by SBP

In Ramadan 2025, the State Bank of Pakistan changed bank operating hours to suit fasting times. Every commercial bank throughout Pakistan will operate under these updated working hours. The State Bank of Pakistan reports official

Pakistan Misses Key IMF Deadline for Wealth Fund Reforms​​​​​​​​​​​​​​​​

Pakistan Misses Key IMF Deadline for Wealth Fund Reforms​​​​​​​​​​​​​​​​

Pakistan has once again failed to meet an IMF-related commitment after the government has not made amendments to the Sovereign Wealth Fund Act by December 2024 despite demands to do so. The changes introduced to

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