12 h. ago State Bank of Pakistan’s foreign reserves increase by $46 million

KARACHI – Pakistan’s liquid foreign reserves stood at $17,004.5 million as of June 13, 2025. According to the data released

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19 h. ago Minimum bank statement for Sweden Schengen visa in Pakistan [June 2025 Update]

ISLAMABAD – Bank statement is one of the most important documents when a Pakistani applies for short-term Schengen visa of

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33 h. ago Pakistan signs $1 billion deal with ADB to boost financial reforms

Pakistan and the Asian Development Bank (ADB) have signed a $1 billion financing agreement. The deal includes both Islamic and traditional financing methods. It will support Pakistan’s economic reforms over the next five years. Officials say this agreement reflects growing international trust in Pakistan’s financial direction. The government hopes it will help strengthen its global […]

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36 h. ago Cash in hand surges: Pakistan’s broad money supply hits Rs38.09 trillion

  KARACHI – Pakistan’s broad money supply, known as M2, rose to Rs38.09 trillion by June 6, 2025, showing a weekly increase of Rs4.32 billion, according to the State Bank of Pakistan. This marks a significant rise from Rs35.88 trillion recorded at the end of the last fiscal year, meaning the total increase since then […]

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37 h. ago SBP’s new move to ease tax reporting for IT exporters and freelancers

The State Bank of Pakistan (SBP) has updated its foreign exchange income reporting format to better serve IT exporters, freelancers, and service providers. These changes apply to the electronic Proceed Realization Certificate (ePRC) and the Statement of PRCs (S-PRCs). The revised formats will become effective from October 1, 2025. The SBP said the new format […]

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64 h. ago Pakistan’s current account records $103 million deficit in may despite strong yearly surplus

Pakistan’s current account posted a deficit of $103 million in May 2025, reversing the $47 million surplus seen in April, according to data released by the State Bank of Pakistan (SBP) on Tuesday. This change mainly resulted from a rise in imports and a drop in exports. However, compared to May 2024, the current account […]

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3 d. 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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3 d. 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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3 d. 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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5 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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6 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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7 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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7 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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7 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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7 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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7 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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7 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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8 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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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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