August 26, 2026
SBP Deputy Governor Inayat Hussain told a Senate committee the central bank is considering discontinuing the Rs10 note because of rising production costs, and would abolish it when a new currency series is introduced.
KARACHI: Pakistan’s broad money supply (M2) rose to Rs 41.63 trillion, a week-on-week increase of Rs 346 billion. On a fiscal year-to-date basis, M2 has expanded by Rs 838 billion, while the year-to-date calendar increase stands at Rs 346 billion. On a year-on-year basis, broad money registered a significant rise of Rs 6.01 trillion, supported by higher deposit mobilization and balance sheet expansion in the banking sector, according to data compiled by Optimus Capital Management. A closer look at the composition of the money supply shows that total bank deposits stood at Rs 30.66 trillion, up by Rs 367 billion
State Bank of Pakistan (SBP) Governor Jameel Ahmad (right) and International Finance Corporation (IFC) Vice President and Treasurer, Ministry of Finance and Mobilization John Gandolfo sign an agreement. — X/ @StateBank_Pak The SBP-IFC partnership aims to expand financing for the private sector. IFC to manage foreign exchange risks, increase investment in rupees. SBP says the move will help create jobs nationwide. The State Bank of Pakistan (SBP) and the International Finance Corporation (IFC) — a member of the World Bank Group — have signed an agreement to expand local currency financing and support private sector development in Pakistan. The agreement,
Some cryptocurrencies can be observed in this representational image. – AFP/file The Senate Committee considers a virtual asset the bill 2025. Bill provides a strong legal framework. The Authority will combat illegal activities. The Pakistani State Bank (SBP) has first agreed to recognize the digital currency as soon as an integrated legal and regulatory framework is entered into. This was revealed by SBP Deputy Governor Dr Inayat Hussain, and informed the Senate Funding Committee, chaired by Saleem Mandviwalla, in Parliament on Wednesday, he said, he said, The news. The Senate Committee examined the 2025 virtual assets bill and will continue
Listen to the article Karachi: Just two years ago, Pakistan struggled to cover even a few weeks of imports and exports. Now, the country’s external position has shown a significant recovery, with total liquid foreign exchange reserves reaching $ 19.87 billion amid improved inputs and growing political stability. According to the Pakistani State Bank (SBP), the Central Bank’s foreign exchange reserves increased to $ 14.51 billion, marking a sharp annual increase of $ 5.12 billion or $ 54.5%, from $ 9.39 billion. The SBP has yielded the increase in stocks to implement inputs, including $ 3.1 billion in commercial loans
Listen to the article Karachi: Pakistan has to develop a balanced foreign economic policy and achieve a coin exchange agreement with Russia, while utilizing the enormous potential of the European nation and the safeguarding of local economic interests, as the global economic class is changing rapidly, economic and economic. “Other countries take care of their own financial goals, but unfortunately we are working to thank someone else. We have no competent negotiators who can negotiate because we need Russian oil and its products,” said former Pak-Russia Business Council president. “We need a balanced agreement with Russia on balanced foreign economic
Listen to the article World markets have faced serious upheavals on Thursday, after US President Donald Trump announced sweeping invoices, including a key duty of 10% for all imports and higher contributions to key commercial partners. The news has led to sharp reductions in stock markets, reducing coins and increasing prices of basic products, with analysts warning of wider financial impacts. US Futal Fulfillment Contracts collapsed, with the S&P 500 decreasing more than 3%, while Asian markets have also suffered significant losses. The Nikkei 225 in Japan decreased by more than 3%, while Hong Kong’s hanging and Kospi of South
Saudi Arabia officially launched a new symbol for its national currency, Riyal, signaling an important milestone in reinforcing the kingdom’s financial identity. The recently designed Riyal symbol, which reflects Saudi Arabia’s rich cultural heritage, aims to make the currency more recognizable in local, regional and international economic and trade. Inspired by Arabic calligraphy, the symbol includes the name of the national currency, “Riyal” and was designed to meet the highest technical standards. Photo: Saudi Central Bank Sama Ayman al-Sayari commander praised the leadership of King Salman and Prince Mohammed Bin Salman for their vision of starting the currency symbol, which
February 21, 2025
Listen to the article India’s Financial Crimes Combat Service has imposed a fine on the British BBC 314,510 pounds ($ 397,980) for alleged foreign exchange violations in the nation of South Asia, according to three government sources Reuters. The Agency, the India Insurance Directorate (ED), opened an investigation into the BBC in April 2023 in accordance with the Law Management Act, two months after the tax authorities investigated at the offices of the broadcasting station in Delhi and Bombay. The ED is conducting investigations into suspicions of violations of the Law on India Currency Management and can “expose and impose
Representatives walk beyond the BRICS Summit logos during the BRICS Summit at 2023 at the Sandon Conference Center in Johannesburg, South Africa on August 23, 2023.- Reuters The Brazilian Presidency will not push for the common currency this year. Julius Brikes Summit to discuss cross -border payment initiatives. Focus on facilitating international payments by reducing USD dependence. The Brazilian Brazilian presidency this year will not promote a common currency for the large growing economies team this year, four government officials said, but its agenda may pave the way for less dependence on US Dollar (USD). This daily layout could attract
Editor — Hamza Azhar Salam · Write to us with suggestions or tips
October 26, 2026
The Pakistan Daily
October 26, 2026
Frontpage.dev
Frontpage.dev