Tag: State Bank of Pakistan
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Experts believe SBP has more room to cut policy rate as inflation declines
The State Bank of Pakistan (SBP) is likely to reduce policy rate by 400 basis points this year, as a notable drop in the country’s inflation gives room for continued monetary easing to support economic growth.
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Pakistan’s money supply contracts by Rs46.6 billion, State Bank data reveals
The most widely used measure of the money supply in Pakistan, broad money (M2), dropped by Rs46.6 billion week over week.
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Analysts expect further 150 basis points cut in interest rate by SBP next week
Analysts predict that the State Bank of Pakistan (SBP) is likely to maintain its dovish stance, potentially implementing a third consecutive reduction in its key policy rate, supported by slowing inflation and improved macroeconomic indicators.
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Inflation eases to 9.6% in August, first single-digit rate since October 2021
Pakistan’s inflation rate dropped to 9.6 per cent in August 2024, a significant decrease from the 11.1 per cent recorded in July 2024, according to data from the Pakistan Bureau of Statistics (PBS).
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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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Car financing in Pakistan drops 20% in July amid rising prices and interest rates
Car financing in Pakistan witnessed a significant decline in July 2024, as soaring vehicle prices and elevated interest rates continued to dampen consumer demand.
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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 report reveals Rs140 billion decline in Pakistan’s broad money supply
As of July 26, 2024, Pakistan’s broad money supply, known as M2, has decreased by Rs140.43 billion week-on-week, bringing the total to Rs35.15 trillion, according to provisional data from the State Bank of Pakistan (SBP). This represents a notable reduction from Rs36.56 trillion recorded at the end of the previous fiscal year in June 2024,…
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Pakistan’s rice exports surge 74.8% to record $3.68 billion in FY24
Pakistan’s rice exports soared by 74.8 per cent year-on-year, reaching a record $3.68 billion in the fiscal year 2023-24, according to data from the State Bank of Pakistan (SBP) released on Friday.
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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.