Tag: remittances

Remittances see ‘record increase’ in December with $3.1bn inflows – SUCH TV

January 10, 2025 Admin No Comments

The State Bank of Pakistan on Friday said remittances from overseas Pakistanis recorded inflows of $3.1 billion in December which Prime Minister Shehbaz Sharif hailed as a “record increase”. A statement issued today said the growth in workers’ remittances was 29.3 per cent compared to the same month last year and a 5.6pc increase in…

Business

State Bank of Pakistan slashes policy rate by 200 BPS amid falling inflation | The Express Tribune

September 12, 2024 Admin No Comments

The State Bank of Pakistan (SBP) reduced its policy rate by 200 basis points to 17.5% on Thursday, as headline and core inflation saw a sharper-than-expected decline over the last two months. The rate cut will be effective from September 13, 2024. The Monetary Policy Committee (MPC) of the SBP attributed this decision to falling…

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