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PAKISTAN

SBP Revises Paid-up Capital Requirement for Microfinance Bank

The State Bank of Pakistan (SBP) has taken a landmark decision to revise the Minimum Capital Requirement (MCR) or paid-up capital of Microfinance Banks...

PAKISTAN

Banks to Remain Closed on Thursday

The State Bank of Pakistan (SBP) has officially announced that it will remain closed on Thursday, May 1, 2025, in observance of Labour Day,...

Business

Rupee Extends Losing Streak Against US Dollar to Fourth Day

The Pakistani Rupee (PKR) witnessed a slight depreciation against the US Dollar (USD) on Tuesday, declining by 06 paisa in interbank trading. The exchange...

Business

IMF Mission to Arrive in Pakistan Tomorrow For First Review

This review is critical for the approval and disbursement of the next $1 billion loan tranche. Sources from the Ministry of Finance confirm that...

PAKISTAN

Brokerage House Sees Further Cut in Policy Rate

The State Bank of Pakistan (SBP) is expected to extend its rate-cutting cycle with another 50 basis points (bps) reduction in its upcoming monetary...

Business

SBP Reserves Decline by Over $250 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) have witnessed a notable decline, as per the latest data released by...

Business

PM Shehbaz Sharif Praises Policy Rate Reduction

The Prime Minister of Pakistan, Shehbaz Sharif, recently commended the State Bank of Pakistan (SBP) for its decision to reduce the policy rate by...

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PAKISTAN