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The State Bank of Pakistan

Pakistan’s SBP Receives $1.1 Billion IMF Funding

01 May 2024

The State Bank of Pakistan (SBP) has received approximately USD 1.1 billion from the International Monetary Fund (IMF), following the approval of the final tranche of Pakistan's USD 3 billion Stand-By Arrangement (SBA) by the global lender, Geo News said. Pakistan announced on Tuesday that the IMF's executive board approved...

Pakistani Rupee Devalues Against US Dollar, Closes at 278.40 PKR

18 Apr 2024

Amid an economic downturn, the Pakistani currency continues its decline against the US dollar, sustaining pressure for the third consecutive session on Wednesday, as reported by Dawn on Thursday. The State Bank of Pakistan (SBP) noted an 11 paise increase in the value of the US dollar against the local...