ISLAMABAD – The National Assembly passed the State Bank of Pakistan Act, 1996 and the State Bank of Pakistan (Amendment) Bill 2022 by a majority vote on Thursday, rejecting all changes proposed by the opposition parties. Opposition parties began a raucous protest as Deputy Speaker Qasim Khan Suri began theRead More →
KARACHI, Pakistan — In an effort to limit runaway inflation, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 150 basis points to 8.75 percent on Friday. The Monetary Policy Committee (MPC) voted to raise the policy rate by 150 basis points to 8.75 percent at itsRead More →
KARACHI: Pakistan’s remittances from abroad grew at a nearly two-decade high pace in the previous fiscal year of 2020-21, providing significant assistance to the external sector, according to statistics released by the central bank on Tuesday. “Despite the tough global economic conditions in the previous year, these [remittances] helped strengthenRead More →
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