21 h. ago State bank keeps interest rate at 11% to support stability, warns of trade deficit risks

The State Bank of Pakistan has announced that the interest rate will remain unchanged at 11% for the next two months. The decision was made during the latest Monetary Policy Committee (MPC) meeting held in Karachi. The bank aims to maintain economic balance and control inflation. In its statement, the MPC said that inflation in […]

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21 h. ago PTI proposes PPP boycott of federal budget to block government’s approval

Pakistan Tehreek-e-Insaf (PTI) has formally urged the Pakistan Peoples Party (PPP) to boycott the upcoming federal budget vote. This strategic move aims to increase pressure on the government and block the budget’s approval in the National Assembly. Senior PTI leader Asad Qaiser met with PPP’s Raja Pervez Ashraf at Parliament House to discuss a joint […]

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21 h. ago SBP Holds Interest Rate At 11% Amid Geopolitical Tensions in Middle East

The State Bank of Pakistan (SBP) decided to keep its policy rate unchanged at 11% on Monday, amid concerns that rising global commodity prices could add inflationary pressures due to ongoing tensions between Iran and Israel. The SBP had previously reduced the policy rate by 1,000 basis points in seven intervals since June 2024, bringing […]

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22 h. ago State Bank keeps Policy Rate steady at 11pc to maintain economic stability

KARACHI – State Bank of Pakistan (SBP) announced to keep benchmark interest rate unchanged at 11pc, as inflation trends and

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3 d. ago SBP steps in with Rs13.5 trillion to ease banking system pressure

The State Bank of Pakistan (SBP) injected Rs13.514 trillion into the banking system on June 13, 2025, to support liquidity amid economic challenges. This large-scale liquidity infusion was done through various Open Market Operations (OMO), including reverse repo purchases and Shariah-compliant Mudarabah-based operations. These measures aim to stabilize the financial markets and help banks manage […]

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3 d. ago ‘won’t act under political pressure,’ Kundi refuses to summon KP budget session

KP provincial assembly’s budget session was scheduled for Friday PESHAWAR: “What is being described as an assertion of constitutional authority,” Khyber Pakhtunkhwa Governor Faisal Karim Kundi declined to immediately summon the provincial assembly’s budget session scheduled for Friday, asserting he would not act under “political pressure.” Defending his stance, the governor emphasized that while he […]

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3 d. ago Global unrest hits home: SBP set to maintain interest rate at 12%

The State Bank of Pakistan (SBP) is expected to keep its interest rate at 12% in its meeting on Monday. Earlier, analysts had predicted a rate cut. But after Israel’s recent military strike on Iran, many changed their views. The risk of higher oil prices and global instability raised fears of inflation. A Reuters snap […]

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4 d. ago Is another Policy Rate Cut coming in MPC’s June 2025 review?

ISLAMABAD – State Bank of Pakistan is expected to hold Policy Rate unchanged on June 16, in the first meeting

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4 d. ago State Bank of Pakistan’s foreign reserves rise by $167 million

KARACHI – Pakistan’s liquid foreign reserves stood at $16,875 million as of June 06, 2025. According to the data released

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4 d. ago CM urges citizens to donate blood, launches Virtual Blood Bank Centre

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has called on citizens, particularly the youth, to contribute to the life-saving cause of blood donation. She emphasized that every drop of blood can make a crucial difference in emergencies, offering a chance to save lives. With the launch of Pakistan’s first Virtual Blood Bank Centre in Punjab, […]

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4 d. ago SBP’s monetary policy committee to decide interest rate on june 16

The State Bank of Pakistan (SBP) announced that its Monetary Policy Committee (MPC) will meet on Monday, June 16, 2025. The purpose of the meeting is to review the economic situation and decide whether to change the policy interest rate. The SBP will issue the official statement through a press release on the same day. […]

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4 d. ago Big push for affordable housing: Rs5 billion subsidy in federal budget

The federal government has allocated Rs5 billion in the FY26 budget for a new low-cost housing scheme. This scheme will provide a mark-up subsidy on loans to make home financing easier. The government will work with the State Bank of Pakistan to launch the program soon, aiming to help more people afford homes. Under this […]

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5 d. ago CM Maryam Nawaz launches Pakistan’s First Virtual Blood Bank Centre

On the directives of Chief Minister, Punjab, Maryam Nawaz, Pakistan’s first and exemplary Virtual Blood Bank Centre has been established

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5 d. ago Pakistan’s remittances jump to $3.68bn in may, on track for record $38bn in FY25

Remittances to Pakistan rose sharply to $3.68 billion in May 2025, marking a 16% increase from April and a 13.67% rise year-on-year, according to the State Bank of Pakistan. This strong growth continues the upward trend in remittance inflows. It also plays a key role in strengthening Pakistan’s foreign reserves and supporting the economy. From […]

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6 d. ago Reforms in pension policy: Family pensions limited to 10 years in budget 2025

The federal government has introduced key pension reforms in the Budget 2025-26. These changes aim to ease pressure on the national treasury. Finance Minister Muhammad Aurangzeb shared these updates during his budget speech. He explained that the pension system had seen several changes through executive orders over past decades. These changes increased the financial burden […]

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1 week ago Pakistan’s economic growth to hover at 2.44% in FY25, LSE warns

Pakistan’s economic growth is projected to be a modest 2.44% in the fiscal year 2024–25, showing only a slight improvement from last year’s 1.7%, according to the Lahore School of Economics (LSE) Modelling Lab. This forecast aligns closely with recent downward revisions by the Pakistan Bureau of Statistics and estimates by the World Bank, IMF, […]

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1 week ago SBP announces reforms to ease financing challenges for small businesses

The State Bank of Pakistan (SBP) has started a major reform plan to make loans easier for small and medium businesses (SMEs). The goal is to help SMEs access finance in a simple, fair, and lasting way. The central bank wants to remove hurdles that keep small businesses from getting much-needed funds from banks. Currently, […]

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1 week ago Importers struggle with dollar shortage as exchange rates cross official limits

Despite improved dollar inflows this year, importers in Pakistan are struggling to access foreign currency, leading to rising import costs and unofficial price hikes beyond official exchange rates. The shortage continues to create uncertainty in trade, even as the State Bank of Pakistan (SBP) maintains that no formal restrictions are in place. According to banking […]

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1 week ago Nearly 45% of Pakistanis now live below poverty line: World bank

ISLAMABAD – Poverty in Pakistan has worsened significantly, with 44.7% of the population now living below the poverty line, according to a recent World Bank report. This marks a steep rise from 39.8%, reflecting the economic strain facing millions of households. The World Bank revised its poverty benchmark for lower-middle-income countries to $4.20 per person […]

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1 week ago BISP, WB discuss data sensitization, social protection reforms

In a bid to enhance transparency, data security, and the effectiveness of social protection systems in Pakistan, the Benazir Income Support Programme (BISP) and the World Bank have agreed to deepen their collaboration, focusing on responsible data sharing, cybersecurity, and key reforms in social welfare delivery. In this regard, Chairperson BISP, Senator Rubina Khalid, held […]

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