SBP, Finance Ministry unite to boost workers' remittances, foreign exchange

News Image

MG News | December 31, 2024 at 02:27 PM GMT+05:00

0:00

December 31, 2024 (MLN): The Finance Ministry and the State Bank of Pakistan (SBP) aim to strengthen collaboration to achieve economic stability and sustainable growth, with a focus on increasing workers' remittances to boost foreign exchange inflows.

The aforementioned discussion was held during the meeting between the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and Jameel Ahmad, Governor of the State Bank of Pakistan, at the Finance Division.

Jameel Ahmad outlined the efforts to stabilize the exchange rate and bolster foreign reserves, as per the press release issued today.

The overall performance of the banking sector and its significant contributions to the economy were also discussed, with both sides recognizing the sector's pivotal role in supporting economic growth. 

During the meeting, Governor Ahmad provided a comprehensive year-end review of the ongoing and planned initiatives aimed at strengthening Pakistan's fiscal framework.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 157,953.47
555.47M
1.14%
1775.65
ALLSHR 96,741.22
1,957.60M
1.16%
1110.83
KSE30 48,198.94
249.79M
1.09%
520.47
KMI30 232,694.17
290.89M
1.31%
3011.94
KMIALLSHR 65,027.13
1,019.78M
1.03%
660.37
BKTi 42,489.56
84.10M
1.35%
566.75
OGTi 31,779.36
15.21M
0.14%
43.57
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 117,750.00 118,295.00
116,115.00
1925.00
1.66%
BRENT CRUDE 67.60 68.42
67.34
-0.35
-0.52%
RICHARDS BAY COAL MONTHLY 84.00 0.00
0.00
-0.40
-0.47%
ROTTERDAM COAL MONTHLY 94.00 94.50
94.00
0.45
0.48%
USD RBD PALM OLEIN 1,106.50 1,106.50
1,106.50
0.00
0.00%
CRUDE OIL - WTI 63.37 64.20
63.11
-0.33
-0.52%
SUGAR #11 WORLD 15.94 16.27
15.92
-0.33
-2.03%

Chart of the Day


Latest News
September 18, 2025 at 07:00 PM GMT+05:00

Pakistan's Forex Reserves Increase by USD 54.80 Million


September 18, 2025 at 05:59 PM GMT+05:00

Textile exports drop to $1.4bn in August


September 18, 2025 at 05:45 PM GMT+05:00

U. S. A. leads as top export destination for Pakistan in August


September 18, 2025 at 05:40 PM GMT+05:00

Pakistan's Power sector attracts net FDI of 86.5m in August



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg