Tag: SBP Data
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SBP data reveals govt borrowed Rs8.3 trillion from banks in FY24
The two biggest sources of financing for budgetary support are the State Bank of Pakistan and the Scheduled Banks.
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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.
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SBP reports 26% increase in overseas workers’ remittances
In January 2024, Pakistan witnessed a notable increase in the inflow of overseas workers’ remittances, reaching $2.4 billion, as revealed by data released by the State Bank of Pakistan (SBP) on Monday. This marks a 1 per cent rise compared to December 2023, where remittances stood at $2.38 billion.
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Pakistan records $397 million current account surplus as exports, remittances increase
In December 2023, Pakistan’s current account exhibited a noteworthy surplus of $397 million, a stark departure from the $15 million deficit recorded in November, as reported by the State Bank of Pakistan (SBP) on Wednesday.
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Winning streak: Pakistani rupee appreciates 0.04% in fourth consecutive session
In a resilient display, the Pakistani rupee continued its upward trajectory against the US dollar, marking gains for the fourth consecutive session in the interbank market on Monday.
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Pakistan’s exports to China surge to $1223.5 million
In a noteworthy development, Pakistan’s export of goods and services to China experienced a substantial increase of 39.44 per cent during the initial five months of the current fiscal year (2023–24), as reported by the State Bank of Pakistan (SBP).
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Gold price in Pakistan surpasses Rs217,000 per tola
In Monday’s trading session, the price of 24-karat gold witnessed a surge, with a per-tola increase of Rs 400, reaching Rs217,200.
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SBP data reveals 23.5% YoY decline in auto loans
In October, auto loans faced a decline for the 16th consecutive month due to high interest rates and inflation, as per data released by the State Bank of Pakistan (SBP).
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Positive change: Pakistan’s current account deficit shrinks to only $8 million
In September, Pakistan’s current account revealed a modest deficit of $8 million, as reported by the State Bank of Pakistan (SBP).