Saudi Arabia has extended the tenure of its $3 billion financial facility to Pakistan, providing significant relief to the country’s external financing position and reducing immediate repayment pressure. The move is expected to strengthen Pakistan’s foreign exchange reserves and support overall economic stability. Federal Finance Minister confirmed the extension, describing it as a timely boost…
Pakistan’s total federal government debt reached Rs82 trillion by the end of May 2026, marking an increase of Rs5.9 trillion compared with the same period last year, according to the latest debt bulletin released by the State Bank of Pakistan (SBP). The report shows that the country’s overall federal debt grew by 7.8% year-on-year, slightly…
The State Bank of Pakistan has announced the expansion of its nationwide cashless payments initiative for Eidul Azha, aiming to promote digital transactions across cattle markets and reduce reliance on cash. According to the central bank, the “Go Cashless” campaign has been significantly scaled up this year, with coverage increasing from 54 cattle markets in…
Pakistan’s remittances have approached the $34 billion mark during the first 10 months of the fiscal year 2026, highlighting the critical role overseas workers play in supporting the country’s economy. According to data from the State Bank of Pakistan, total remittance inflows reached $33.86 billion, reflecting an 8.5% year-on-year increase. In April 2026 alone, remittances…
The State Bank of Pakistan has introduced new measures to simplify export procedures for IT companies and freelancers in Pakistan, aiming to promote ease of doing business and boost the country’s digital economy. According to the central bank, the reforms focus on streamlining export realisation processes, standardising documentation, and improving complaint resolution systems for exporters…
Pakistan’s currency market has shown remarkable resilience as the Pakistani rupee remains stable despite nearly three weeks of ongoing conflict in the Middle East. This stability has surprised many financial experts, especially when compared to other regional currencies that have experienced noticeable depreciation. During the 19-day conflict period, currencies in neighboring countries faced significant pressure….
