State Bank of Pakistan (SBP)
Saudi fund leaves $3bn in Pakistan’s central bank for another year
Deposit accounts for around a fifth of SBP’s dollar reserves
Confusion over Pakistan’s crypto policy
Central bank says crypto is legal, thus contradicting official’s previous statement before parliament
Pakistan cuts rates to 11%
Central bank expects inflation to rise to 5–7% target level over coming months
Pakistan points to progress on inflation, reserves and growth
Central bank says tight monetary policy and IMF support will underpin recovery, but risks remain
Banknotes: January to March 2025
A round-up of news and salient issues that have affected central bankers in the past three months
Pakistan pauses easing cycle after six consecutive rate cuts
Central bank says high core inflation could still drive up overall price levels, despite fall in headline figure
Pakistan delivers sixth consecutive rate cut
Decision taking benchmark rate to 12% means policy has been eased by 1,000bp since last June
State Bank of Pakistan cuts rates by 250bp
Fourth consecutive reduction comes one month after IMF begins disbursing $7 billion funding package
Inflation to be under control by next June – SBP governor
Head of Pakistan’s central bank hails fall in inflation to 6.9%, down from peak of 38% last year
IMF board approves funding to Pakistan
Institution disburses around $1bn in first instalment of extended facility
Higher inflation results in greater remittances to Pakistan – paper
Workers send more money to make up for erosion of real incomes in their home country
Pakistan cuts rates by 100 basis points
Decision comes after country secures IMF funding amid falling oil prices
Pakistan seals $7bn IMF funding package
Institution says bilateral support will be necessary to meet objectives
Pakistan cuts interest rates for first time in five years
Central bank says growth of exports and remittances bolsters foreign exchange reserves
Banknotes: April to June 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Pakistan holds interest rate ahead of IMF loan review
Central bank says inflation remains high even after dropping in March
Pakistan repays bonds worth $1bn as it seeks fresh IMF loan
Debt-stricken country looks to secure about $6 billion in loans
Pakistan holds rates despite high inflation
MPC says country needs continuing tight policy, fiscal discipline and foreign financing
Banknotes: July to September 2023
A round-up of news and salient issues that have affected central bankers in the past three months
Pakistan launches sovereign wealth fund
Struggling country transfers $8 billion of shares in seven state companies to new SWF
IMF approves $3 billion short-term loan for Pakistan
Saudi Arabia and UAE provide $3 billion more as country tries to overcome crisis