Web DeskPakistan’s foreign exchange reserves rise to $14.047 billion
The State Bank of Pakistan (SBP) has announced an increase in the country’s foreign exchange reserves, reflecting a positive trend in the financial environment. The SBP’s own reserves saw a…
Pakistan records $1.9 billion in foreign investment for FY 2023-24
According to the State Bank of Pakistan (SBP), Pakistan witnessed a significant inflow of foreign investment totaling $1.9 billion during the financial year 2023-2024. The SBP report highlighted that foreign…
8 years since Abdul Sattar Edhi’s passing
Figures of love and compassion like Abdul Sattar Edhi remain eternal in the hearts of many. Edhi was born on February 28, 1928 in the Indian town of Bantwa and…
Car financing falls for 23rd consecutive month
Auto financing continued to decline for the 23rd consecutive month in calendar year 2024, down 22.5% year over year to $233 billion through the end of May. This is revealed…
Pakistan’s current account deficit hits $27 million in May
According to the State Bank of Pakistan (SBP) report, Pakistan’s current account recorded a deficit of $27 million in May 2024, up from a surplus of $50 million recorded in…
SBP set to unveil monetary policy: Interest rates in Pakistan expected to decrease
The State Bank of Pakistan (SBP) will announce its monetary policy on Monday (today) and interest rates will likely be cut. The Bank Negara Monetary Policy Committee meeting will be…
Ghazanfar Azzam steps down as CEO of Mobilink Bank after a distinguished 12-year tenure
Islamabad: Ghazanfar Azzam has decided to step down as President and CEO of Mobilink Bank after 12 years of service. Under his leadership, Mobilink Bank experienced tremendous growth and consolidated…
SBP to announce monetary policy on March 18
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is meeting on March 18 to decide the fate of the key interest rate. This highly anticipated…
Bank financing hits record high
KARACHI: Pakistan’s commercial banks continued to lend freely to the cash-strapped government at increased rates of return, raising their funding to a record 93% of total deposits in January 2024.…
Pakistan borrows $6.3 billion in seven months
Pakistan borrowed $6.306 billion in the first seven months of fiscal year 2023-2024, surpassing the $6.134 billion borrowed in the same period last year, according to Economic Affairs Division (EAD)…
Mobilink Bank witnesses 72% revenue growth, championing inclusive banking for women and SMEs
Islamabad: Mobilink Bank achieved several financial milestones in 2023 and consolidated its position in the banking industry. With revenues of PKR 41,053 million, a 72% growth over the previous year,…
SBP reports massive drop in currency circulation
In a recent report issued by the State Bank of Pakistan (SBP), it was revealed that the currency in circulation in the Pakistani economy has seen a significant decline. Currency…
Governor SBP inaugurates a Japanese pottery exhibition
ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Thursday inaugurated the exhibition of Japanese ceramics “Yakishime – Earth Metamorphosis” at the State Bank Museum. He was accompanied by…
IMF Executive Board approves $700m loan tranche for Pakistan
The Executive Board of the International Monetary Fund (IMF) on Thursday approved a $700 million loan tranche for Pakistan, boosting the cash-strapped country’s foreign exchange reserves.The loan was released after…
PAEC to Showcase Scientific Innovation at LSM 2025
Web Desk
- October 23, 2025
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Pakistan partnering with China to set up ‘National Carbon Trading Framework’
- October 23, 2025
- 2 views
Punjab disburses Rs370m to farmers under livestock loan scheme
- October 22, 2025
- 4 views
Dhabeji Grid Station on track to become fully operational by December 2025
- October 21, 2025
- 7 views
NPO helps industries achieve Rs 11.18bn value addition in four years
- October 21, 2025
- 6 views
