SBP Launching Foreign Exchange Trading Platform
January 23, 2024
10:57 pm
The State Bank of Pakistan (SBP) is set to launch a Centralized Foreign Exchange (FX) Trading Platform named ‘FX Matching’
The State Bank of Pakistan (SBP) is set to launch a Centralized Foreign Exchange (FX) Trading Platform named ‘FX Matching’
The government commits to refraining from providing guidance or expressing preferences to market participants regarding the exchange rate, avoiding the regulation of foreign exchange demand through administrative actions.
Amid the escalating tensions between Pakistan and Iran, the Pakistan Stock Exchange (PSX) witnessed a significant decline on Thursday, with a fall of over 1,000 points.
Pakistan has successfully obtained a $700 million tranche of the loan from the International Monetary Fund (IMF) as part of the nine-month Stand-By Arrangement (SBA).
Consumers are anticipated to face another hike in electricity rates, potentially surging by up to Rs5.62 per unit due to fuel cost adjustments (FCA) for December 2023
Officials recently met at the Torkham border, deciding that passports and visas should be mandatory for commercial vehicle drivers from both Afghanistan and Pakistan.
The National Savings Pakistan Prize Bond Schedule for the year 2024 commences from January 1, 2024, and extends until December 15, 2024.
In Tehran, Pakistan’s Ambassador to Iran, Mudassar Tipu, has conveyed the joint commitment of Islamabad and Tehran to elevate their bilateral trade to five billion dollars.
Today, on January 15, 2024 (Monday), the National Savings Division’s Sialkot office conducted the draw for Prize Bond Rs750, denoted as draw number 97.
During the morning trade in the interbank market on Monday, the Pakistani rupee displayed a positive trend against the US dollar, marking an upward trajectory. In the initial hours of trading, the local currency recorded a gain of 0.21% against the greenback.
Once again, trade at the Pak-Afghan border faced a standstill as officials engaged in a dispute over visa regulations.
In a landmark development, the inaugural shipment of dried red chilies from Pakistan has reached China, marking an expansion in agricultural collaboration between the two close allies.
