pakistan’s foreign exchange reserves are projected to reach an all-time high by the end of December 2026, marking a significant milestone for the country’s financial stability and macroeconomic outlook. According to estimates shared by Topline Securities, reserves held by the State Bank of Pakistan (SBP) are expected to exceed $20.2 billion, reflecting improved external account […]
aik by BankIslami has taken a major step in advancing Pakistan’s digital payments ecosystem with the launch of aikPay, the country’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, offering a fast, secure, and fully digital checkout experience. The […]
The federal government is reviewing the future of the Rs. 10 banknote, as the federal cabinet has constituted a high-level committee to examine whether the currency note should be discontinued or retained. The move has sparked public interest, given the widespread daily use of the Rs. 10 note across Pakistan. According to sources familiar with […]
Pakistan’s digital economy continues to show strong momentum as information technology exports record a notable increase during the first five months of the current fiscal year. The latest figures indicate that the country’s IT sector is steadily emerging as a major contributor to economic growth and foreign exchange earnings. According to data released by the […]
The State Bank of Pakistan (SBP) has scheduled an announcement for its latest monetary policy on November 4, 2024, a much-anticipated update for Pakistan’s financial sector. This policy, aimed at addressing the ongoing challenges within the economy, is expected to focus on interest rates, inflation management, and potential measures to stabilize the currency. Analysts predict […]
The foreign exchange reserves of Pakistan witnessed an increase of 9.6% on Thursday on a week-on-week basis. The State Bank of Pakistan (SBP) reported that the foreign currency reserves rose to $4.4 billion, after an increase of $393 million. On June 23, 2023, the foreign exchange reserves were recorded at $4.06 billion. Experts claim that […]
The State Bank of Pakistan (SBP) and Meta (Facebook, WhatsApp and Instagram’s parent company) have partnered to train 500 Pakistani women entreprenurs. A press release issued on Wednesday said that this partnership will “digitally empower 500 women entrepreneurs and other high value small businesses.” The initiative was announced in Karachi at the launchings ceremony of […]
Photo Credits: Dawn.com Governor State Bank of Pakistan (SBP), Jameel Ahmed said that Pakistan will repay all its debts on time and there are no risks of the country defaulting due to the nonpayment of international debts. Ahmed was addressing the Pakistan Stock Exchange (PSX) and said, “Let me assure you that we will be […]
