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Pakistan’s Debt Hits Record Rs. 85,836 Billion, Rising by Rs. 7,417 Billion in a Year

Pakistan’s debt and liabilities have reached a historic high of Rs. 85,836 billion, marking an increase of Rs. 7,417 billion in just one...

Business

Raast Integration Enables Rupee Payments Between Pakistan and Arab Countries

The State Bank of Pakistan (SBP) has connected its Raast payment system with the Arab Monetary Fund’s Buna platform, allowing rupee-based payments between...

Business

Economic Conditions Improved in Pakistan During Last Fiscal Year, State Bank Report

The State Bank of Pakistan has issued its annual report for the 2023-24 fiscal year, highlighting improvements in Pakistan’s economic conditions. According to...

Business

State Bank Increases Loan Limit for Small and Medium Businesses in Key Move

The State Bank of Pakistan (SBP) has taken a significant step to support small and medium businesses as well as industries by raising...

Business

State Bank of Pakistan Cuts Policy Rate by 2%

Pakistan’s central bank has reduced the policy rate by 2 percentage points to 17.5%, effective September 13, 2024. The Monetary Policy Committee (MPC)...