Public Debt

Public Debt Surges: Pakistan’s Borrowings Increase by Rs 4 Trillion in 7 Months

In a concerning trend, Pakistan’s public debt has witnessed a substantial surge, escalating by Rs 4 trillion within a span of 7 months. This surge is attributed to the ongoing trend of extensive government borrowing, raising questions about the sustainability and management of the country’s overall debt profile. Key Developments: Magnitude of Increase: The staggering…

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bank exchange rates

Bank Exchange Rates: SBP Modifies Reporting Schedule for Enhanced Transparency

In a move aimed at promoting transparency and efficiency in the financial sector, the State Bank of Pakistan (SBP) has announced modifications to the reporting schedule for bank exchange rates. This decision reflects the central bank’s commitment to refining reporting mechanisms, ensuring accurate and timely information regarding currency exchange rates. Key Points: Enhanced Transparency: The…

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Government Debt

Government Debt Surges, Exceeding Legal Limit by Rs. 14.5 Trillion

In a significant financial development, the government’s debt has experienced a substantial increase, soaring Rs. 14.5 trillion beyond the legally prescribed limit. This noteworthy escalation in government debt raises concerns about fiscal responsibility, financial management, and adherence to established legal boundaries. Key Aspects of the Surge: Magnitude of Increase: The surge in government debt by…

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bank exchange rates

SBP Reserves Experience a Surge of $243 Million Following IMF Loan Tranche

In a noteworthy development for Pakistan’s economic landscape, the State Bank of Pakistan (SBP) witnesses a substantial increase in reserves, amounting to $243 million. This surge in reserves is attributed to the recent disbursement of a tranche from the International Monetary Fund (IMF), marking a positive stride in the country’s financial stability. The injection of…

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Shariah Standards

Shariah Standards: SBP Urges Banks to Embrace AAOIFI’s

In a noteworthy directive, the State Bank of Pakistan (SBP) has called upon banks to adopt Shariah standards and practices formulated by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). This strategic move underscores the SBP’s commitment to enhancing the Islamic banking sector’s adherence to globally recognized Shariah principles and fostering consistency in…

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