SBP
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SBP buys $7.8 billion over 12 months | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) carried out net foreign exchange interventions amounting to $7.8 billion between June 2024 and May 2025. “The central bank purchased $522 million worth of foreign currency (US dollar) from the inter-bank forex market in May 2025,” noted Topline Securities. This brings last 12 months (June 2024 to…
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SBP working on exchange, interest rates for stability: says FinMin | The Express Tribune
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[ad_1] Federal Finance Minister Muhammad Aurangzeb has stated that the State Bank of Pakistan is working on the exchange rate and interest rate, and the situation is expected to improve further. The federal finance minister inaugurated the Job and Education Expo at the Expo Center, Karachi, organized by the Pakistan Hindu Council. At the expo,…
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SBP governor promises gradual rate cuts | The Express Tribune
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[ad_1] KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed has announced that the central bank will reduce the policy rate gradually through a phase-wise approach. Speaking during a visit to the FPCCI on Thursday, the governor highlighted that consulting the FPCCI is crucial for aligning economic policies with the needs of the business community…
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SBP governor says hike in inflation expected after 3-4 months
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[ad_1] SBP Governor Jameel Ahmad addresses a press conference in this undated picture. — AFP/File State Bank of Pakistan Governor Jameel Ahmed said on Monday that the inflation would stay low for the next three to four months due to some reasons including “end of base effect and some other things in pipeline”. Ahmed’s statement…
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SBP receives $500m from ADB under climate resilience programme
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[ad_1] Children stand as their family takes refuge along a damaged road amid a flood, following rains and floods during the monsoon season in Bajara village, at the banks of Manchar lake, in Sehwan, September 6, 2022. — Reuters In a boost to foreign exchange reserves held by the central bank, Pakistan on Thursday received…
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SBP: Banks to remain closed on Nov 9
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[ad_1] An undated image of a State Bank of Pakistan building. — SBP Website/File KARACHI: The State Bank of Pakistan (SBP) has announced that all the banks will remain shut on November 9 owing to the birth anniversary of Dr Allama Mohammad Iqbal also known as the Iqbal Day, the central bank said in a…
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SBP slashes policy rate by 250bps, extending its hawkish monetary stance for 4th time
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[ad_1] The State Bank of Pakistan’s (SBP) old building in Karachi. — AFP/File The State Bank of Pakistan (SBP) on Monday eased its monetary policy for fourth time in a row, lowering the key interest rate by 250 basis points to 15% as single-digit inflation persisted through October. Analysts as well independent economists widely believed…
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Market rallies as investors anticipate SBP rate cut
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[ad_1] Pakistani stockbrokers watch the latest share prices on a digital board during a trading session at the PSX in Karachi on May 28, 2013. — AFP The Pakistan Stock Exchange (PSX) rallied strongly as the beginning of the week, with the KSE-100 index surging by over 1,000 points on investor optimism surrounding an anticipated…
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CPI stats trigger off over 1,800-point rally at PSX ahead of SBP meeting
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[ad_1] A stock broker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP Stocks rallied on Friday, spurred by October’s mild inflation data, strengthening expectations for the central bank to extend its hawkish monetary policy in the upcoming November 4 meeting, a…
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Inflation up at 7.2% in Oct as SBP gets ready for policy rate decision
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[ad_1] People look at handbags on display outside shops in a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan April 19, 2023. — Reuters Pakistan’s annual inflation edged up to 7.2% in October 2024, registering an increase from 6.9% in September but marking a significant decrease from 26.8% in October 2023, data from the…
