Karachi, April 30, 2024 : Pakistan’s foreign exchange reserves experienced a decline of $9.32 million for the week ending April 19. The State Bank of Pakistan (SBP) reported that as of April 19, the country’s domestic foreign exchange reserves stood at $13.28 billion. SBP’s own foreign exchange reserves experienced a significant decrease, falling by $7.35…
Karachi, November 29, 2023 :On Wednesday, the Pakistani rupee sustained its recovery against the US dollar in the interbank market. As per the State Bank of Pakistan (SBP), the Pakistani rupee appreciated by Re0.12, concluding at Rs285.39 in the interbank market. Forex dealers reported the local currency trading at Rs286.50 in the open market. In…
Islamabad, November 10, 2023 : According to sources, Pakistan has been ‘urged’ by the International Monetary Fund (IMF) to ensure the rigorous enforcement of anti-money laundering laws. In Islamabad, discussions were held for the upcoming review related to the disbursement of the $700 million loan tranche. Officials from the Federal Board of Revenue (FBR) and…