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Pakistan Receives $700 Million Loan From IMF Amid Economic Crisis: Report
Under crisis, Pakistan has received USD 700 million from the International Monetary Fund (IMF) as part of its ballout programme, Geo News reported quoting State Bank of Pakistan (SBP) governor Jameel Ahmed on Wednesday.
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Pakistan Gets $1 Billion Deposit From UAE Ahead Of Key IMF Decision
Pakistan's state bank coffers were further boosted Wednesday by a $1 billion deposit from the United Arab Emirates, officials said, ahead of a key International Monetary Fund (IMF) board meeting to approve new funding.
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Cash-Strapped Pak Gets $1 Billion Loan From China Amid IMF Bailout Delays
In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported citing the State Bank of Pakistan.
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Hostile Attitude Of Pak Government Forces Multinationals To Flee Country
Companies choosing to enter Pakistan despite the ongoing forex crisis are troubled by the erratic policies of the government and the State Bank of Pakistan, reported Asian Lite International.
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Pakistan Central Bank Hikes Interest Rate To Record High Level Amid Inflation
The State Bank of Pakistan has increased the interest rate by a massive 300 basis points (bps) taking it to a record-high level of 20 per cent, in accordance with the conditions set by the International Monetary Fund.
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Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
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Pak Caller Threatens To Blow Up Mumbai SBI Bank, Probe Launched: Cops
A call threatening to blow up the State Bank of India office in Mumbai's Nariman Point and kill the bank chairman was received at the branch, police said on Friday.
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Pakistan Government Forms Three Distinct Committees to Decide Fate of Crypto in the Country
According to documents seen by a reputed newspaper, Pakistan’s federal government has formed three sub-committees to decide the future of cryptocurrency and related enterprises in the nation.
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Pak PM's Attempt For Afghan Fund Faces Backlashes Over Fears Of Sanctions
The Imran Khan government's recent bid to raise funds for the new rulers in Kabul has been shot down by the State Bank of Pakistan amid fears that financing of the Taliban regime could invite international sanctions, according to a media report.
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Crypto Sector Could Suffer in Pakistan as Its Central Bank Looks to Ban Cryptocurrencies: Report
Pakistan, that houses the third largest number of crypto users in the world, is deciding if it should ban the crypto sector all-together. The country’s central bank has told the Sindh High Court that cryptocurrencies are illegal and unusable as trade assets.
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UAE Firm Files 74 Billion Lawsuit Against Pakistan's Central Bank: Report
An United Arab Emirates-based trading and investment firm has filed a lawsuit worth around Rs 74 billion against the State Bank of Pakistan (SBP) and a private bank, local media reported.
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Pak Central Bank Reserves Fall By $123 Million To $20 Billion: Report
Foreign exchange reserves held by Pakistan's Central Bank fell 0.61 per cent on a weekly basis, according to State Bank of Pakistan's data on Thursday.
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Amid Bailout Talks, Pak Appoints Ex-IMF Official As State Bank Governor
A Pakistani economist working for the International Monetary Fund (IMF) has been appointed as the governor of the State Bank of Pakistan (SBP), as the cash-strapped country seeks to finalise a multi-billion dollar bailout package from the global lender.
-
Amid Economy Woes, Pakistan Bank Receives $1 Billion From UAE
The State Bank of Pakistan (SBP) received $1 billion from the United Arab Emirates (UAE) following an agreement with the Abu Dhabi Fund for Development (ADFD), to help bridge Islamabad's current account deficit.
-
Cash-Strapped Pakistan Could Be Eying IMF Bailout: Report
Pakistan has invited a team of IMF experts to visit the country by the end of this month as its economy faced a balance-of-payments crisis, a media report said today
-
Pakistan Receives $700 Million Loan From IMF Amid Economic Crisis: Report
Under crisis, Pakistan has received USD 700 million from the International Monetary Fund (IMF) as part of its ballout programme, Geo News reported quoting State Bank of Pakistan (SBP) governor Jameel Ahmed on Wednesday.
-
Pakistan Gets $1 Billion Deposit From UAE Ahead Of Key IMF Decision
Pakistan's state bank coffers were further boosted Wednesday by a $1 billion deposit from the United Arab Emirates, officials said, ahead of a key International Monetary Fund (IMF) board meeting to approve new funding.
-
Cash-Strapped Pak Gets $1 Billion Loan From China Amid IMF Bailout Delays
In a major relief to the cash-strapped country, Pakistan received USD 1 billion from China, ARY News reported citing the State Bank of Pakistan.
-
Hostile Attitude Of Pak Government Forces Multinationals To Flee Country
Companies choosing to enter Pakistan despite the ongoing forex crisis are troubled by the erratic policies of the government and the State Bank of Pakistan, reported Asian Lite International.
-
Pakistan Central Bank Hikes Interest Rate To Record High Level Amid Inflation
The State Bank of Pakistan has increased the interest rate by a massive 300 basis points (bps) taking it to a record-high level of 20 per cent, in accordance with the conditions set by the International Monetary Fund.
-
Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
-
Pak Caller Threatens To Blow Up Mumbai SBI Bank, Probe Launched: Cops
A call threatening to blow up the State Bank of India office in Mumbai's Nariman Point and kill the bank chairman was received at the branch, police said on Friday.
-
Pakistan Government Forms Three Distinct Committees to Decide Fate of Crypto in the Country
According to documents seen by a reputed newspaper, Pakistan’s federal government has formed three sub-committees to decide the future of cryptocurrency and related enterprises in the nation.
-
Pak PM's Attempt For Afghan Fund Faces Backlashes Over Fears Of Sanctions
The Imran Khan government's recent bid to raise funds for the new rulers in Kabul has been shot down by the State Bank of Pakistan amid fears that financing of the Taliban regime could invite international sanctions, according to a media report.
-
Crypto Sector Could Suffer in Pakistan as Its Central Bank Looks to Ban Cryptocurrencies: Report
Pakistan, that houses the third largest number of crypto users in the world, is deciding if it should ban the crypto sector all-together. The country’s central bank has told the Sindh High Court that cryptocurrencies are illegal and unusable as trade assets.
-
UAE Firm Files 74 Billion Lawsuit Against Pakistan's Central Bank: Report
An United Arab Emirates-based trading and investment firm has filed a lawsuit worth around Rs 74 billion against the State Bank of Pakistan (SBP) and a private bank, local media reported.
-
Pak Central Bank Reserves Fall By $123 Million To $20 Billion: Report
Foreign exchange reserves held by Pakistan's Central Bank fell 0.61 per cent on a weekly basis, according to State Bank of Pakistan's data on Thursday.
-
Amid Bailout Talks, Pak Appoints Ex-IMF Official As State Bank Governor
A Pakistani economist working for the International Monetary Fund (IMF) has been appointed as the governor of the State Bank of Pakistan (SBP), as the cash-strapped country seeks to finalise a multi-billion dollar bailout package from the global lender.
-
Amid Economy Woes, Pakistan Bank Receives $1 Billion From UAE
The State Bank of Pakistan (SBP) received $1 billion from the United Arab Emirates (UAE) following an agreement with the Abu Dhabi Fund for Development (ADFD), to help bridge Islamabad's current account deficit.
-
Cash-Strapped Pakistan Could Be Eying IMF Bailout: Report
Pakistan has invited a team of IMF experts to visit the country by the end of this month as its economy faced a balance-of-payments crisis, a media report said today
