Pakistani commercial banks are illegally charging taxes on filers for withdrawing cash via ATM or check, as the government of Pakistan and FBR do not mention charging filers for withdrawing cash.
It is expected that Pakistan will not be able to secure a China rollover externally, which amounts to USD 3.4 billion.
After a decade or so, in just 1 week, Pakistan's forex reserve has declined to around USD 2.6 billion due to external debt repayments.
The State Bank of Pakistan cut the interest rate by 100 bps, and now the interest rate is officially 11%.
State Bank of Pakistan (SBP) clarified that there would be no shortage of new currency notes for Eid-ul-Fitr 2025.
Due to lower inflation and lower growth rate SBP cut 100bps.
Highest remittance ever for the month of December.
SBP purchased dollar from the market to pay back loans and manage foreign reserve.
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