The reforms also entail consolidating various existing exchange companies and their franchisees
Govt raises Rs1.4 trillion at a weighted average markup rate slightly exceeding 23pc
Total advances extended by banks also recorded positive momentum, increasing by 7.82% to reach Rs11.77
Committee notes that while global oil prices have risen, inflation still projected to trend down
SBP already commenced groundwork for introduction of digital currency
Nation's total reserves also witnessed a positive trend, growing by $107.5 million or 0.82pc
Platform is envisioned to greatly help financial institutions by reducing the costs and complexities
PKR comeback can be traced back to concerted efforts by incumbents to crack down on illegal dollar trading
Solar panel/equipment importers involved in massive money laundering
Deposits only up to 500,000 rupees have legal cover: warns State Bank
Bank deposits are absolutely safe, SBP clarifies
Clarification comes amid reports by social media users that banknotes were not being accepted by retailers
This decision comes at a crucial juncture for Pakistan's economic growth
Mohsin Naqvi asks State Bank governor to shut down banks on Friday, Saturday in view of worsening smog
Total liquid foreign reserves for the country are reported at $12.5 billion
“Salaries in State Bank are higher than Finance Ministry and Senate,” Shamshad Akhtar admits.
Initial $3bln deposit agreement was inked in 2021 through the SFD
Last date to submit online application is February 15, 2024.
"During the week ended on 9-Feb-2024, SBP’s reserves increased by US$ 13 million to US$ 8,056.5 million,” the central bank said.