The Iranian rial recorded a notable appreciation following the reported US-Iran agreement, with strong trading activity observed in currency markets as investors responded to easing geopolitical tensions. According to the Exchange Companies Association, around 25 billion rupees worth of Iranian rials were sold on the first day after the deal, reflecting unusually high market activity. […]
foreign exchange
Overseas Pakistanis sent $3.53 billion in remittances during April 2026
Overseas Pakistanis sent $3.53 billion in remittances during April 2026, reflecting an 11.4 per cent increase compared to the same month last year, according to data released by the State Bank of Pakistan (SBP) on Monday. Despite the year-on-year growth, inflows recorded a month-on-month decline of 7.6 per cent from March 2026, when remittances stood […]
Pakistan’s SBP reserves rise to $16.16bn
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $56 million last week. As of January 30, 2026, SBP-held reserves reached $16.16 billion. The country’s total liquid foreign reserves now stand at $21.34 billion, according to the central bank. A detailed breakdown shows SBP-held reserves at $16.16 billion, while commercial […]
SBP cancels licence of another exchange company
The State Bank of Pakistan (SBP) has cancelled the licence of Glaxy Exchange (Private) Limited for what it described as serious violations of regulatory instructions, marking the first such action against an exchange company in 2026 and adding to a growing list of firms forced out of the market. Read More: SBP cancels license of exchange […]
SBP-held foreign exchange reserves rise to over $16 billion
The State Bank of Pakistan (SBP) reported on Thursday that its foreign exchange reserves increased by $141 million during the week ending January 2, reaching $16.056 billion. Net reserves held by commercial banks stood at $5.137 billion, taking the country’s total liquid foreign reserves to $21.192 billion. During the week ending January 2, SBP’s foreign […]
Pakistan’s forex reserves climb past $21 billion
Pakistan’s total foreign exchange reserves crossed $21 billion by December 26, the State Bank of Pakistan (SBP) reported. Central bank reserves rose slightly despite a small drop in commercial banks’ dollar holdings. The overall increase signals cautious improvement in the country’s external liquidity. The SBP data showed total reserves reached $21.122 billion, including both central […]
SBP buys $9.7bn from interbank market in 16 months
The State Bank of Pakistan (SBP) has purchased $9.7 billion from the interbank foreign exchange market over the past 16 months, highlighting continued pressure on dollar availability despite the rollover of most external loans and improved inflows. Read More: SBP Board, management saddened over demise of first governor Data shows that between June 2024 and September […]
Rupee seen drifting, not crashing, in 2026
As Pakistan heads into 2026, the outlook for the rupee appears markedly different from past years marked by sudden devaluations and currency crises. Analysts note that while risks remain, the policy framework governing the foreign exchange market has shifted in ways that reduce the likelihood of disorderly shocks. Read More: The 250-Rupee Truth Historically, Pakistan’s major […]
Pakistan’s foreign exchange reserves hit highest level since March 2022
Pakistan’s foreign exchange reserves have surged to their highest level since March 2022, reaching USD 21.1 billion. The latest data reveals that the State Bank of Pakistan (SBP) holds USD 15.9 billion, a significant improvement that marks a crucial milestone for the country’s economy. Read More: Foreign reserves surge over $21 billion This increase in reserves […]
Pakistan loses $600m to illegal crypto trades
KARACHI: Pakistan has lost an estimated $600 million to illegal cryptocurrency transactions, sharply reducing the flow of dollars into the country’s banking system, industry officials said on Friday. The money, mostly routed through foreign currency accounts and then invested in cryptocurrencies, has gone untraced, raising concerns among regulators. Malik Bostan, Chairman of the Exchange Companies […]