The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected...
KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for...
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KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $33 million, reaching a 26-month high of $9.43 billion for the...
ISLAMABAD: The Executive Director of the State Bank of Pakistan, Syed Sohail Jawad, announced on Saturday that the government is committed to integrating overseas Pakistanis into...
Listen to article Prime Minister Shehbaz Sharif has launched the Buna-Raast connectivity project, marking a significant step forward in enhancing Pakistan’s digital payment infrastructure. The initiative links Pakistan’s...
KARACHI: Workers’ remittances sent home by overseas Pakistanis remained robust at $3 billion in July 2024, significantly stabilising the country’s foreign exchange reserves, improving its ability...
KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis remained robust against expectations in June 2024, hitting the second-highest monthly receipt in history at...
A money exchange employee counts dollars. — AFP/File Remittances sent home by overseas workers hit $30.3 billion in the fiscal year 2023-24 (FY24), up 10.7% year-on-year...
KARACHI: Pakistani currency ticked up Rs0.03 to a new two-week high at Rs278.37 against the US dollar in the inter-bank market on Thursday, maintaining its winning...