A bank employee has posts in US dollars. – Reuters SBP Forex reserves exceed the target of $ 13.9 billion indicated by the IMF. The figure reflects the improvement of the main ones of the current account balance. Reserves Sufficient to cover 2.5 months of imports: Expert. Karachi: The reserves of the Pakistan State Bank … Read more
An unclear file image of the Pakistan State Bank building. – AFP / File The State Bank of Pakistan (SBP) has announced that all banks across the country will remain closed for the public transaction on Tuesday, July 1, 2025, respecting the annual holidays marking the start of the new fiscal year. According to a … Read more
The facade of the Pakistan State Bank building in Karachi. – AFP / File The State Bank of Pakistan (SBP) announced Tuesday that it would remain closed from June 6 to 9 (Friday to Monday) due to holidays during Eid Ul Adha. Subsequently, all banks, microfinance lenders and other financial institutions will also observe the … Read more
A visual representation of the Bitcoin digital cryptocurrency. – AFP / File Islamabad: The Pakistan State Bank (SBP) expressed clarification on cryptocurrencies “deemed illegal” in Pakistan, claiming that its 2018 opinion has not declared illegal virtual assets (EVA), but has only warned its regulated entities of their dealing due to “the absence of legal and … Read more