Pakistan Sees 24% Surge in Workers Remittances for October
Haider Shah The State Bank of Pakistan has posted a sharp rise in Workers Remittances from Pakistan’s overseas workforce, increasing to $3.052 billion in October 2024 compared to $2.463 billion in the…
SBP
Pakistan’s SBP Act Proposal Seeks to Legalize Digital Currency
The federal government has introduced bills for the amendment of the SBP Act with the purpose to legalize digital currency like popular cryptocurrencies, for example, Bitcoin. Under the proposed amendments,…
Business Leaders Urge SBP to Cut Policy Rate Amid Lower Inflation
Business leaders are appealing to the State Bank of Pakistan to reduce its policy rate by a whopping 300-500 basis points to boost trade and industrial activities as inflation rates…
SBP to Introduce Durable Plastic Banknotes
Salaar Shah Plastic Banknotes State Bank of Pakistan will introduce a new polymer plastic banknote in the third quarter of FY18 and simultaneous to this initiative will introduce revised designs of all…