State Bank to Unveil Monetary Policy on Nov 4
The State Bank of Pakistan (SBP) will announce Monetary Policy on November 04 in a meeting of the Monetary Policy Committee (MPC).
Editor
US Leads as Top Destination for Pakistani Exports
Total exports to the US during July-September 2024-25 were recorded at US $1461.380 million against the exports of US $1376.300 million during July-September 2023-24, showing an increase of 6.18 percent, according to the State Bank of Pakistan.
Mobilink Bank Tops SBP’s Banking on Equality Scorecard Two Years in a Row
Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan’s (SBP) Women Friendliness Grid. This notable increase from last year’s score of 71.79 highlights the Bank’s continuous efforts in fostering a supportive environment for women borrowers and entrepreneurs, particularly in the Micro, Small, and Medium Enterprises (MSME) sector.
Current Account Surplus of $119 Million Recorded in September 2024
The Current Account Balance of Pakistan further improved in September 2024 with a surplus of US$ 119 million as compared to a surplus of US$ 29 million in August 2024, According to the State Bank of Pakistan reported on Yesterday(Oct 21).
Agricultural sector Growth Spurs Pakistan’s Economic Recovery: SBP Report
The real GDP registered a moderate agriculture-led recovery in FY24. A record harvest of wheat and rice, and a rebound in the production of cotton mainly provided boost to agricultural output during FY24.
Mehfooz
RDA Inflows Surge to $8.749 Billion in September 2024
The inflow of remittances under Roshan Digital Account (RDA) has risen to US $8.749 billion by the end of September 2024 as compared to US $8.581 billion by August (2024) end.
Adil Aziz
Share of digital payments surged to 84% in FY-24
The State Bank, report said that ongoing transformation of Pakistan’s payment landscape towards digital payments underwent significant advancements as share of digital payments surged to 84% during fiscal year 2023-24.
Significant Rise in Pakistan’s Liquid Foreign Reserves to $16 Billion
The total liquid foreign reserves of Pakistan surged to cross US$ 16 billion as of October 04, 2024 while the forex reserves held by the State Bank of Pakistan increased to $ 10,808 million.
Workers’ remittances increase by 38.76% to $8.785B inflow in 1st quarter
The overseas workers’ remittances witnessed an increase of 38.76 percent during the first quarter (July-September) of the current fiscal year 2024-25, according to the State Bank of Pakistan.
Pakistan’s total liquid foreign reserves surge to $15.98 billion
The total liquid foreign reserves of Pakistan reached at 27-month high level of US$ 15,982.9 million, mainly backed by the receipt of EFF program’s first tranche of over $ 1 billion from International Monetary Fund (IMF).