Pakistan’s foreign exchange reserves recorded a modest increase over the past week, according to the State Bank of Pakistan, reflecting gradual stability in the country’s external financial position. Read More: Pakistan’s liquid foreign reserves rise to $20.63 billion Official data showed that the central bank’s reserves rose by $1.8 million during the week, bringing total holdings to $15.0976 […]
financial stability
Pakistan repays $3.45bn deposit to UAE
Pakistan has repaid a total of $3.45 billion in deposit to the United Arab Emirates (UAE), the State Bank of Pakistan confirmed on Friday, marking a significant development in the country’s external financial management. Read More: UAE deposit of 2 billion returned by Pakistan According to the central bank, the repayment included $1 billion returned to the […]
SBP launches Cyber Shield to boost banking security
KARACHI: The State Bank of Pakistan (SBP) has launched “Cyber Shield”, a comprehensive cyber resilience strategy aimed at strengthening the country’s financial sector against rising cyber threats and aligning protections with global best practices. Read More: SBP governor flags rising cyber risks to banking sector Announced under the central bank’s Vision 2028 agenda, the initiative sets a phased […]
Moody’s revises Pakistan banking sector outlook from positive to stable
ISLAMABAD – International credit rating agency Moody’s has revised the outlook for Pakistan banking sector from positive to stable, citing both gradual improvements in the economy and persistent structural risks. In its latest assessment, Moody’s noted that Pakistan’s banking sector has remained resilient despite a challenging operating environment. The agency highlighted strong profitability, largely driven […]
SBP governor flags rising cyber risks to banking sector
State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday warned that the cyber threat landscape facing the financial sector has grown increasingly complex, driven by highly skilled and well-resourced threat actors and compounded by rising geopolitical tensions. Read More: SBP cancels license of exchange company on regulatory violations Speaking at a ceremony marking the completion […]
Zelenskyy hails EU €90bn loan for Ukraine
Ukrainian President Volodymyr Zelenskyy praised the EU’s €90 billion loan on Friday, calling it a “major boost” for Kyiv. He said the funding would help cover Ukraine’s looming budget shortfalls and strengthen the country’s defence capabilities. The president described the support as crucial for sustaining both military and economic resilience. Read more: Ukraine’s Zelenskyy on elections: ‘Pressure […]
Saudi Arabia renews $3bn deposit for Pakistan
Saudi Arabia has once again extended the $3 billion deposit it holds with Pakistan for another year. The funds, originally set to mature today, are managed by the State Bank of Pakistan (SBP). The extension aims to provide continued financial stability amid Pakistan’s ongoing economic challenges. The deposit comes from the Saudi Development Fund, which […]
SBP injects Rs4.2 trillion to stabilise market liquidity
KARACHI – The State Bank of Pakistan (SBP) has injected a total of Rs4,245.5 billion into the money market through Reverse Repo Purchase and Shariah Compliant Mudarabah-based Open Market Operations (OMO) to maintain liquidity and ensure smooth financial operations. According to details, the SBP conducted the Open Market Operation (Reverse Repo Purchase) on October 24, […]
Pakistan and IMF yet to finalize budget targets, talks to continue
Pakistan and the International Monetary Fund (IMF) have not yet reached a full agreement on next year’s budget targets. The IMF team visited Pakistan from May 19 and held discussions with government officials. Talks covered the country’s economic situation, loan program progress, and key budget goals. Although both sides made progress, some matters are still […]