Governor State Bank of Pakistan (SBP), Jameel Ahmad, has welcomed the launch of the HBL, UnionPay International and PayPak co-badge debit card, describing the partnership as an important milestone in Pakistan’s journey toward a modern, resilient and inclusive digital payments ecosystem that supports the Prime Minister’s vision of a cashless Pakistan. Speaking at the launch ceremony, Governor SB
Oil prices turned lower on Thursday as traders took profits and evaluated the risks from a new wave of US strikes on Iranian military installations, which fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. The United States struck Iran’s coastal defences and missile sites on Wednesday after reimposing a naval blockade of its ports, while Iran threatened
Gold prices fell on Thursday as the escalating Middle East conflict showed no signs of abating, erasing recent optimism over easing inflation and fuelling concerns that surging oil prices could lead to interest rate hikes. Spot gold was down 0.6% at $4,034.42 per ounce by 0349 GMT. US gold futures for August delivery lost 0.3% to $4,039.90. “Gold is declining as the escalating attacks in
The Pakistan Stock Exchange (PSX) closed Monday's session sharply lower, with the benchmark KSE-100 Index extending its losses as investors remained cautious amid escalating geopolitical tensions in the Middle East. Sentiment stayed under pressure after the United States and Iran exchanged fresh military strikes in an intensifying confrontation over control of the Strait of Hormuz, fueling fear
Foreign currency deposits rose by $18.09m to $6.779 billion in June 2026 compared to the previous month, the latest data released by the State Bank of Pakistan showed. On a year-on-year basis, total deposits declined by $208.69m or 2.99% compared to $6.988bn in June 2025. According to the data, foreign currency deposits by residents stood at $5.759bn during the month under review, representi