Cash-Strapped Pakistan's Debt Jumped By PKR 4 Trillion In January 2023
By the end of June 2023, Pakistan`s interest-to-revenue ratio, which was the worst in the region (just behind Sri Lanka) at 42 per cent, will balloon up to 54 per cent.
Mar 08, 2023, 20:33 PM IST
Pak government to implement 'interest-free' banking system by 2027
The announcement came with Finance Minister Dhar conveying the government's intention of withdrawing its appeals against the Federal Shariat Court's April decision of eliminating interest from the country in five years.
Nov 10, 2022, 11:17 AM IST
DNA: State Bank of Pakistan releases country's debt data
The State Bank of Pakistan has released the debt data till September 2021. According to statistics, at present, Pakistan has a debt of more than 50 lakh crores and during the era of Imran Khan, the country's debt has increased by 70 percent.
Nov 25, 2021, 23:22 PM IST
Cash van driver runs away with 200 million rupees in Pakistan
According to the FIR lodged with the police, driver Hussain Shah of a security company drove off with the van carrying the cash after the van's security guard went inside the State Bank of Pakistan building.
Aug 12, 2021, 12:02 PM IST
Pakistan reports card-skimming, but says no mass bank data breach
The skimming took details of nearly 20,000 debit and credit cards from 22 Pakistani banks, according to the Pakistan Computer Emergency Response Team (PakCERT), a monitoring group.
Nov 07, 2018, 16:59 PM IST
Pakistan's central bank denies report of mass data breach
The State Bank of Pakistan (SBP) said the IT security system of a single bank, which it did not name, had been "compromised" on October 27 and it had already instructed all banks to increase their scrutiny.
Nov 06, 2018, 23:09 PM IST
Pakistani rupee tumbles as central bank faces a crisis
The central bank declined to say whether it had devalued the currency.
Jul 17, 2018, 13:29 PM IST
Pakistan economy set to surpass last year's decade-high growth
The SBP while announcing the reports on the second quarter economic growth also cautioned that the growth would remain short of the 6 per cent target due likely to lower wheat output and late sugarcane crushing.
Apr 07, 2018, 14:16 PM IST
Amid Beijing's push to CPEC, Bank of China begins operations in Pakistan
Pakistan's central bank has allowed the government-owned Bank of China to begin operations in the country.
Sep 19, 2017, 20:54 PM IST
State Bank of Pakistan says 3% currency drop to address external pressures, help economy
Pakistan`s central bank said on Wednesday a sudden 3 percent weakening of the rupee against the dollar would help the country`s external account and shore up economic growth.
Jul 05, 2017, 20:35 PM IST
China comes to Pakistan's rescue with $1.2 bn loan
China has increased its economic pull in Pakistan over the past year, providing over $1.2 billion in loans to help the country stave off a possible currency crisis.
Apr 26, 2017, 17:17 PM IST
Pakistan spent $118 billion on 'war on terror': SBP
Pakistan has spent a hefty USD 118 billion since 2002 to combat terrorism which has significantly hampered growth and it is facing "serious challenges" to its economy, according to a new central bank report.
Nov 18, 2016, 19:22 PM IST
4-5 Pak banks keen to open branches in India: SBP Dy Governor
"It is very unfortunate that there is no movement with regard to business and banking side between two countries. Once the environment is more conducive, I am sure we both will have opportunity to learn together.
Mar 20, 2016, 11:33 AM IST
Pak Eco outlook improved despite terrorism and energy problems
Despite problems of terrorism and energy crisis, the economic outlook of Pakistan improved last fiscal with inflation remaining in single digit and foreign remittances showing a rise, the State Bank of Pakistan said today.
Jul 19, 2014, 19:09 PM IST
