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Pakistan’s Foreign Reserves Soar to $12.8 Billion, Signaling Economic Strength

Pakistan’s Foreign Reserves Soar to $12.8 Billion, Signaling Economic Strength

In a recent Development Pakistan's total liquid Foreign Reserves have Surged to an impressive $12.8 Billion. The State Bank of Pakistan (SBP) Reported a Notable increase in its Reserves Reaching $7,757.1 Million marking a Growth

PTCL Group’s Acquisition of Telenor Pakistan Nears Completion

PTCL Group’s Acquisition of Telenor Pakistan Nears Completion

The PTCL Group, a major Telecom Company is in the final Stages of securing a big deal to acquire Telenor Pakistan, another telecom company. They need approval from the State Bank of Pakistan (SBP) for

US Dollar Loses Value Against Pakistani Rupee in Interbank Trading

US Dollar Loses Value Against Pakistani Rupee in Interbank Trading

In a significant development, the US dollar has become less valuable when traded for Pakistani rupees. During Monday's Morning trading, the dollar's worth dropped by a Substantial Rs 1.22, going from Rs 277.62 to Rs

SBP advises banks to increases Islamic banking services

SBP advises banks to increases Islamic banking services

The State Bank of Pakistan on Wednesday issued instructions for the banks to promote and increase the share of islamic banking in the country. “Keeping in view the significant potential of Islamic Banking Windows (IBWs)

No monetary policy till September, says State Bank

No monetary policy till September, says State Bank

The State Bank of Pakistan on Thursday said that it will not hold the scheduled monetary policy meeting in August given the meetings that have taken place in recent months.  “Given the number of MPC

12-month FDI jumps 88pc to $2.56bn

12-month FDI jumps 88pc to $2.56bn

Foreign direct investment into the country jumped by 45 percent in June to $174.8 million compared to May 2020 after recording declines for two consecutive months in the last quarter of fiscal year 2019-20, latest

Pakistani Rupee loses Against the Dollar

Pakistani Rupee loses Against the Dollar

The rupee in the interbank market lost 34 paisas to end Thursday’s session at the level of Rs167.33 against the greenback.  Meanwhile, in other currencies, the euro at the open market was up by 50

Pakistan borrows another $1.3bn from China

Pakistan borrows another $1.3bn from China

The State Bank of Pakistan (SBP) on Tuesday said it has borrowed another $1.3 billion from China for loan disbursements.  In a tweet, the SBP said it “has received $1.3bn as GOP loan disbursements from