The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $14 million on a weekly basis, reaching $14.45 billion as of October 17, 2025, data released on Thursday showed. According to the central bank, total liquid foreign reserves stood at $19.85 billion, while net foreign reserves held by commercial banks were […]
foreign exchange
Pakistan Receives $3.2 Billion in Remittances in August: SBP
KARACHI – Pakistan received $3.2 billion in overseas workers’ remittances during August 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday. The SBP said that remittances rose by 11.3% compared to the same month last year, showing continued support from Pakistanis living abroad. In the first quarter of the 2025–26 […]
Govt plans to incentivize cotton growers to increase production
ISLAMABAD: Government has planned a scheme of incentives to encourage farmers to grow more cotton to increase the exports and save precious foreign exchange for the national kitty. In this regard, the authorities concerned have been working on war footings to encourage the farmers to cultivate cotton and revive its production in the country […]
Despite Covid, PTI govt handling economy well, says Farrukh
Faisalabad: Minister of State for Information and Broadcasting Farrukh Habib has said that under the leadership of Prime Minister Imran Khan, the country’s economy has grown and the total volume of exports will reach $26 billion by the end of this financial year. IT exports accounted for 44%, with foreign exchange reaching $24 billion in […]
POF save foreign exchange by providing 90% of defence requirements
National Assembly Standing Committee on Defence Production was informed on Tuesday that Pakistan Ordinance Factories (POF) were providing 90 per cent of the ammunition required by Pakistan Armed Forces on a cost-to-cost basis. The committee was appraised on this in a meeting held in the POF Auditorium, Wah Cantt, under the chairmanship of a member […]
State Bank establishes facilitation desk for foreign exchange matters
State Bank of Pakistan has established a facilitation desk to cater to the queries pertaining to foreign exchange related remittances to help all stakeholders including multinational companies and domestic businesses. The facilitation desk will provide assistance on foreign exchange related matters pertaining to areas including registration of equity, borrowing contracts, profit repatriation; acknowledgement and approval […]