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SBP Enhances Incentives for Banks and Currency Exchange Companies to Boost Remittances Pakistan’s central bank, the State Bank of Pakistan (SBP), has introduced significant incentives for banks and currency exchange companies to attract more remittances from overseas Pakistanis. These remittances are vital for financing imports and managing foreign debt payments. Incentives for Exchange Companies According to the SBP, starting from …

PSX KSE-100 Crosses 86,000 for the First Time but Closes Flat The Pakistan Stock Exchange (PSX) experienced a volatile session on Wednesday as its KSE-100 Index crossed 86,000 points during intra-day trading, marking the first time in history. However, late-selling pressure caused the index to retreat and close flat. Record-Breaking Intra-Day High The KSE-100 Index began the session with strong buying …

Pakistan to Seal $2 Billion Agreements with Saudi Delegation Prime Minister Shehbaz Sharif announced that Pakistan will sign agreements worth $2 billion with an upcoming Saudi delegation. The announcement was made during a federal cabinet meeting on Tuesday. Saudi Delegation’s Visit and Objectives The Saudi delegation, led by Minister for Investment Khalid Bin Abdulaziz Al-Falih, will visit Pakistan from October …