The Russian President declared Pakistan as an important partner country in South Asia

The Russian President declared Pakistan as an important partner country in South Asia

President Putin called Pakistan an important partner country of Russia in South Asia and the Islamic world and expressed Russia’s keen interest in deepening bilateral relations. A delegation led by Russian Energy Minister Nikolay Shulginov met Prime Minister Muhammad Shahbaz Sharif in Lahore, during which the Prime Minister highlighted the importance of mutual relations between…

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Over $229 in Interbank

Over $229 in Interbank

The US dollar crossed Rs 229 at the interbank level against the Pakistani rupee. The US dollar gained further in early trading this morning. The dollar has become 229 rupees 25 paise after becoming expensive by 10 paisa in interbank. On the other hand, the dollar has become 240 rupees after becoming expensive by 50…

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Another milestone of State Bank in its digitization journey

Another milestone of State Bank in its digitization journey

State Bank of Pakistan (SBP) has crossed another milestone in its digitalization journey. In a statement, the State Bank says that direct person-to-person payments have increased by over 1,000 billion rupees. According to State Bank, person-to-person payments have crossed one trillion in 11 months. State Bank has thanked all the participants for achieving this milestone….

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Domestic foreign exchange reserves increased for the first time after 7 months

Domestic foreign exchange reserves increased for the first time after 7 months

According to the State Bank, domestic dollar reserves, which have been continuously decreasing for 7 months, have increased for the first time. According to the report, an increase of 260 million dollars was recorded in domestic foreign exchange reserves during one week. State Bank’s dollar deposits rose to $4.60 billion from the recent increase. Officials…

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