The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, highlighted that Pakistan’s key macroeconomic indicators have improved faster than anticipated at the beginning of the fiscal year. He noted that while the ongoing conflict in the Middle East has introduced new risks and increased uncertainty about the macroeconomic outlook, the economy is relatively […]
State Bank of pakistan
Pakistan repays $2bn loan to UAE, confirms SBP
The State Bank of Pakistan (SBP) on Saturday confirmed that the government has returned $2 billion in debt to the United Arab Emirates (UAE). The SBP spokesperson said that the amount was kept with the central banks as a safe deposit. The development came a day after Pakistan and Saudi Arabia signed an agreement to […]
Saudi Arabia unveils $8bn support package for Pakistan
RIYADH: Saudi Arabia has announced a financial assistance package worth $8 billion for Pakistan, aimed at supporting the country’s economic stability amid ongoing global financial challenges. Read More: Saudi Arabia pledges $3 billion support for Pakistan The announcement was made in Riyadh following directives from King Salman bin Abdulaziz and Mohammed bin Salman, underscoring the longstanding economic and strategic […]
Pakistan receives $2 billion from Saudi Arabia
Pakistan has received $2 billion from Saudi Arabia, confirmed the State Bank of Pakistan, marking a significant boost to the country’s foreign exchange reserves amid ongoing economic pressures. Read More: Saudi Arabia pledges $3 billion support for Pakistan According to official confirmation, the funds were transferred as part of Saudi financial support commitments to Pakistan. The development […]
SBP opens formal banking to licensed virtual asset service providers
Pakistan’s central bank has allowed banks to open accounts for licensed virtual asset service providers, overriding a 2018 ban, a circular from the central bank and statement by the virtual asset regulator said, as the country moves to integrate digital assets into the regulated financial system. The move follows the enactment of the Virtual Assets […]
ADB warns risks persist despite Pakistan’s economic recovery
ISLAMABAD: The Asian Development Bank (ADB) has said that while Pakistan’s economy is showing signs of gradual recovery, significant risks continue to threaten long-term stability. Read More: ADB backs Pakistan solar power reforms In its latest report on Pakistan’s economic outlook, the ADB noted that macroeconomic conditions are improving, but external and internal vulnerabilities remain a […]
SBP-held foreign reserves rise to $16.37 billion
The total liquid foreign reserves of Pakistan stood US$ 21,736 million as of March 19, 2026 while the reserves held by the State Bank of Pakistan increased to $ 16,375.8 million. The central bank, on Thursday, in its weekly statement on the position of liquid foreign reserves reported, “During the week ended on 19-Mar-2026, SBP’s […]
Pakistan’s forex reserves rise by $1.26 million
Pakistan’s State Bank of Pakistan reported an increase of $1.26 million in foreign exchange reserves last week. The rise reflects gradual improvement in the country’s external financial position. The development is significant for trade stability and currency management. According to data released by the central bank, reserves reached $16.353 billion following the $1.26 million increase. […]
SBP-held foreign reserves rise $41 million to $16.34bn
Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $41 million to $16.34 billion during the week ended March 6, according to data released by the central bank on Thursday. The SBP said the country’s total liquid foreign reserves stood at $21.60 billion as of March 6. A breakdown of […]
IMF, Pakistan fail to reach staff-level agreement on review
ISLAMABAD: The International Monetary Fund (IMF) on Thursday confirmed that its mission could not reach a staff-level agreement (SLA) with Pakistan on the third review of the country’s $7 billion Extended Fund Facility (EFF) and the second review of the Resilience and Sustainability Facility (RSF), although discussions made considerable progress. Read More: Pakistan, IMF reach deal over […]