State Bank of Pakistan

Sources say Islamabad expects a $500 million facility from Islamic Development Bank for oil and other commodities

Announcement follows federal government's decision on Tuesday to declare the same dates as public holidays

SBP data shows current account deficit for first 11 months of this fiscal year was much lower than last year's $3.76b

The plan includes introduction of new notes with significantly enhanced security features starting Feb 2024

Governor Jameel Ahmad says inflation currently at ‘elevated’ level but would ease from March

SBP says CAD dropped 64% or $1.6b in first five months of FY24

Core inflation is still at an elevated level and is coming down only gradually, says policy statement

Drop in forex reserves may put currency under pressure

Central bank keeps growth projection unchanged at 2-3% for FY24

Clarification comes as media reported risks for deposits exceeding Rs500,000