Jameel Ahmad, Governor of the State Bank of Pakistan. — X/@StateBank_Pak Ahmed says risk factors have persisted despite the decline in headline inflation. The addition of a future rise in inflation would not be a cause for concern. “It will take 4 to 6 quarters to see the full impact of the key rate changes.” … Read more
A currency changer counting $100 bills. — AFP/File Stable flows from the UAE “reflect” strict exchange controls. The SBP and the government expect remittances to reach a record high of $35 billion in FY25. During political unrest, remittances have demonstrated resilience. KARACHI: Data from the State Bank of Pakistan (SBP) on Monday revealed that remittances … Read more
A person counts dollar bills in this illustrative image taken on May 30, 2022. — Reuters Pakistan receives $259 million from bilateral creditors. Multilateral creditors pay $721 million to Islamabad. $19.39 billion in foreign loans planned for the current fiscal year. ISLAMABAD: In its attempt to address the various challenges facing the economically cash-strapped country, … Read more