Foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $30.7 million (0.25% y-o-y) to $12.08 billion during the week ending December 13, 2024, according to data released by the State Bank of Pakistan on Thursday. The country’s total reserves also saw a slight increase of $31.8 million (0.19% year-on-year), reaching $16.63 … Read more
Islamabad: State Bank of Pakistan (SBP) Governor Jamil Ahmed called on the country’s financial institutions to embrace innovation and inclusivity to transform Pakistan’s banking sector. Speaking at the 9th Pakistan Banking Awards 2024 in Karachi, Ahmed highlighted the need for financial institutions to focus on improving access to financial services, especially for the agriculture and … Read more
The International Monetary Fund has urged Pakistan to take steps to reduce state intervention in the economy and enhance competition, which will help promote dynamic private sector development. The IMF mission led by Mr. Nathan Porter concluded its staff visit to Pakistan from 12 to 15 November 2024. During the visit, the IMF team met … Read more
Who’s playing St. Thomas Tommies @ Okla. State Cowboys Current records: St. Thomas 2-0, Okla. State 1-0 How to watch What you need to know The St. Thomas Tommies are taking a road trip to take on the Okla. State Cowboys at 3 p.m. ET Sunday at Gallagher-Iba Arena. Expect the scorer to be busy: … Read more
A technician works on ceramic insulators at a power transmission tower in Karachi on December 7, 2018. — Reuters Monopoly by state-owned enterprises restricts private sector entry, increases costs: CCP. The report stresses the necessity of privatization and switching to competitive prices. He laments transmission and distribution losses and aging infrastructure. ISLAMABAD: Pakistan is in … Read more
Pakistani-American Salman Bhojani. – Kira News Pakistani-American Salman Bhojani obtained a second term in the Texas State Assembly, after winning by acclamation. Representing District 92 as a Democrat, Bhojani hails from Karachi. He first assumed office on January 10, 2023. In the 2022 election, Bhojani defeated Republican opponent Joe Livingston, receiving 20,182 votes to Livingston’s … Read more
Islamabad: In a positive development for the Pakistani economy, the State Bank of Pakistan (SBP) has hinted that remittances for October 2024 are expected to reach or exceed $3 billion. This trend, revealed during the Monetary Policy Committee’s recent briefing, is expected to significantly reduce the current account deficit to negligible levels. The expected remittance … Read more
Who’s playing Miami (Ohio) RedHawks @ App. State Mountaineers Current records: Miami (Ohio) 0-0, App. Status 0-0 How to watch What you need to know The Miami (Ohio) RedHawks will hit the road to kick off this year’s campaign against the App. State Mountaineers. The alert is scheduled for Monday at 6:30 p.m. ET at … Read more
As the clock struck zero in Michigan’s 24-17 win over Michigan State on Saturday, there were fireworks between the two teams. Players from both teams got involved in a skirmish, and now Spartans athletic director Alan Haller is calling for Michigan to be held to the “same standards” as everyone else when it comes to … Read more
The No. 4 Ohio State Buckeyes (5-1) will look to get back on track when they host the Nebraska Cornhuskers (5-2) on Saturday afternoon. Ohio State won its first five games of the season, but fell to then No. 1 seed. 3 Oregon in one of the most exciting games of the season two weeks … Read more