Tag: SBP
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RCCI Advocates for Significant Policy Rate Cut by SBP
RCCI Calls for Policy Rate Reduction The Rawalpindi Chamber of Commerce and Industry (RCCI) is making headlines this week as it urges the State Bank of Pakistan (SBP) to consider a substantial reduction in the policy rate. In a formal recommendation, RCCI has suggested that the SBP cut the policy rate by at least 3%…
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RCCI Advocates for Policy Rate Cut in Pakistan
Understanding the RCCI’s Recommendation The Rawalpindi Chamber of Commerce and Industry (RCCI) has made a bold recommendation to the State Bank of Pakistan (SBP) for a significant cut in the policy rate. The chamber has pointed out that a reduction of at least 3% could potentially stimulate economic activity and foster financial stability within the…
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RCCI Advocates for Policy Rate Reduction by SBP
RCCI Calls for Significant Policy Rate Reduction The Rawalpindi Chamber of Commerce and Industry (RCCI) has made a bold recommendation to the State Bank of Pakistan (SBP) ahead of its upcoming Monetary Policy Committee (MPC) meeting. The organization is advocating for a substantial cut in the policy rate, suggesting a reduction of at least 3%.…
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Pakistan’s Forex Reserves Increase: September Update
Overview of Pakistan’s Forex Reserves As of September 5, 2023, Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) witnessed a modest increase of $34 million, bringing the total to approximately $14.34 billion. This rise is significant considering the economic challenges the country has faced in recent years. Current Status of Total…
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Pakistan’s SBP Forex Reserves Increased to $14.34 Billion
Overview of Pakistan’s Forex Reserves As of September 5, 2023, the foreign exchange reserves held by the State Bank of Pakistan (SBP) have shown a positive trend, increasing by $34 million to reach $14.336 billion. This significant rise in reserves reflects the ongoing efforts of the central bank to stabilize the country’s economy in a…
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SBP Forex Reserves Increase by $34 Million to $14.34 Billion
Overview of SBP Forex Reserves The State Bank of Pakistan (SBP) announced on Thursday that the country’s foreign exchange reserves have seen a notable increase. As of September 5, 2023, the reserves rose by $34 million, bringing the total to $14.336 billion. This rise is significant as it reflects the financial health and stability of…
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State Bank of Pakistan’s Reserves Increase by $34 Million
Overview of the Recent Increase in Reserves Pakistan’s foreign exchange reserves have recently recorded a modest increase, reflecting a shift in the economic landscape of the nation. As of the week ending September 5, 2025, the State Bank of Pakistan (SBP) announced an increment of $34 million in its reserves, bringing the total to $14.3…