March 29, 2024 05:15 (IST)
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State Bank of Pakistan massively hikes interest rate by 300bps

The State Bank of Pakistan has moved up key interest rates by a massive 300 basis points (bps), the highest figure touched since 1996.

State Bank of Pakistan receives $2.3bn from Chinese banks, tweets Pakistani Finance Minister

Islamabad: Pakistan Finance Minister Miftah Ismail on Friday confirmed a Chinese consortium loan of RMB 15 billion (roughly $2.3 billion) has been credited into the State Bank of Pakistan's (SBP) account.

Pakistan's SBP forex reserves hit 23-month low

Islamabad: Pakistan's foreign exchange reserves has now moved down to touch its lowest level since December 2019 at USD 16.4 billion.

State Bank of Pakistan refuses to open Afghanistan Relief Fund

Islamabad/UNI: The State Bank of Pakistan (SBP) has refused to open the Afghanistan Relief Fund and also urged Prime Minister Imran Khan to review his decision, expressing the fear that the Financial Action Task Force (FATF) might impose sanctions against Islamabad.