Tag: financial news
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State Bank’s foreign exchange reserves surge by $112 million in a week
Foreign exchange reserves held by the State Bank of Pakistan (SBP) saw a rise of $112 million over the past week, bringing the total to $9.4 billion as of August 23, according to data released on Thursday.
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Profit margins slashed for select National Savings Schemes
The Central Directorate of National Savings (CDNS) has announced a reduction in profit rates for several of its National Savings Schemes, while rates for other schemes remain unchanged.
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SBP-held forex reserves surge by $18.6 million to $9.42 billion
The latest figures from the State Bank of Pakistan (SBP) reveal a slight increase in the country’s foreign exchange reserves. During the week ending July 12, 2024, SBP’s reserves grew by $18.6 million, marking a 0.20 per cent rise to reach $9.42 billion.
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PSX gains over 2,000 points to reach new record high of 78,802
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index surged nearly 2,100 points, setting a new record high of 78,802 during the first trading session post-Eid holidays on Thursday. At the close of the session, the KSE-100 Index settled at 78,801.53, marking an increase of 2,094.76 points, or 2.73 per cent. According to brokerage house Topline…
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Return rate adjustments implemented for National Savings Schemes
The Central Directorate of National Savings (CDNS) has implemented adjustments in the rates of return across several National Savings Schemes, marking the fifth revision in the past five months.
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Overseas workers’ remittances surge to $3 billion in March
In March 2024, Pakistan witnessed a significant surge in the influx of overseas workers’ remittances, reaching a notable milestone of $3 billion.
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SBP sees surge of over $17 million in forex reserves
The latest data released by the State Bank of Pakistan (SBP) revealed a notable rise in the country’s foreign exchange reserves. During the week ending March 8, 2024, SBP’s reserves increased by $17.2 million, marking a 0.22 per cent growth, reaching a total of $7.91 billion.
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Bitcoin’s price soars close to $69,000, then pulls back to $65,000
Bitcoin, the leading cryptocurrency by market value, surged to a two-year peak, surpassing $68,600 on Tuesday and approaching its all-time high.
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OGRA announces ‘reduction’ of Rs0.81 per kg in LPG price
The Oil and Gas Regulatory Authority (OGRA) has implemented a modest reduction in the price of Liquefied Petroleum Gas (LPG) by Rs0.81 per kg, effective from March 01, 2024.
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SBP reports marginal dip in bank deposits
In January 2024, the total deposits held by scheduled banks in Pakistan experienced a robust year-on-year growth of 21.03 per cent, reaching Rs27.54 trillion.