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Business

Web Desk
Feb 10, 2024

SBP reports $173 million weekly dip in forex reserves

SBP reported a decline of $173 million in its foreign exchange reserves over the course of the week, reaching $8.04 billion as of February 2.

Business

Web Desk
Feb 07, 2024

SBP reports massive drop in currency circulation

It has been revealed that the currency in circulation within the Pakistani economy has experienced a notable decline.

Business

Web Desk
Jan 09, 2024

Debt dilemma: Pakistan’s high bank borrowings defy revenue success

In a disconcerting development, the government of Pakistan’s borrowings from banks have witnessed a troubling upward trend, raising alarms about the country’s deepening debt situation and casting shadows over its poised positive economic outlook.

Business

Web Desk
Dec 12, 2023

Islamabad school to teach syllabus developed by State Bank of Pakistan

Islamabad Model School, situated in Sector F-6/3, is poised to introduce a distinctive curriculum developed by the State Bank of Pakistan.

Business

Web Desk
Nov 24, 2023

New record high: Pakistan’s stock market closes above 59,000

The Pakistan Stock Exchange (PSX) continued its impressive performance on the last trading day of the week, Friday, breaking records as it surged past the significant milestone of 59,000 points.

Business

Web Desk
Oct 30, 2023

PSX ends strong: KSE-100 gains 539 points amid policy rate decision

The Pakistan Stock Exchange (PSX) experienced a surge in buying activity, propelling its benchmark KSE-100 Index by over 1 per cent.

Business

Web Desk
Oct 26, 2023

Pakistan’s foreign exchange reserves decline by $257.3 million in one week

According to data released by the central bank on Thursday, SBP’s reserves decreased by $219.8 million, marking a 2.85 per cent drop to $7.49 billion. This reduction was primarily due to debt repayments.

Business

Web Desk
Oct 26, 2023

PSX maintains steady performance, closes at 51,185.28

In Thursday’s trading session, the Pakistan Stock Exchange’s benchmark index, KSE-100, concluded at 51,185.28, marking a slight uptick of 8.15 points, or 0.02 per cent.

Business

Web Desk
Oct 26, 2023

Pakistani rupee continues decline against US dollar, closes at Rs280.09

In the latest financial developments, the Pakistani rupee saw its value diminish against the US dollar for the fourth consecutive time, marking a 0.07 per cent depreciation in the inter-bank market on Thursday.