The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million to $9.466 billion during the week ended on Sept 6, announced the central bank on Thursday without disclosing the source of this inflow. The SBP governor said on Thursday that the reserves are projected to reach $12bn by March and $13bn by June next year. The SBP has been buying dollars regularly from
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $30 million to $9.466 billion during the week ended on Sept 6, announced the central bank on Thursday without disclosing the source of this inflow. The SBP governor said on Thursday that the reserves are projected to reach $12bn by March and $13bn by June next year. The SBP has been buying dollars regularly from
The State Bank of Pakistan (SBP) on Thursday announced that the banknote designs that won the art competition have not been shortlisted for the new series. The actual designs of the proposed new series are being designed by reputed international firms selected through a competitive process. The firms will submit their proposals by December, and the finalised designs duly approved by the SBP boa
South Asia’s economic outlook is expected to remain strong, outperforming other regions. The GDP is projected to grow by 5.8 per cent in 2024 and 5.7pc in 2025, the United Nations says in its latest report. The ‘World Economic Situation and Prospects September 2024 Update’, released by the United Nations Department of Economic and Social Affairs (DESA), notes that risks to the region’s prospect
Following an IMF announcement that Pakistan’s case would be taken up by its board later this month, Prime Minister Shehbaz Sharif on Thursday expressed gratitude to some friendly countries, which had monetarily supported Pakistan in its negotiations with the lender. “Our friendly and brotherly countries have come all the way to support us again,” he said while chairing a meeting of the federal