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Miftah Ismail criticizes rising debt, says budget fails to address economic crisis

Former finance minister Miftah Ismail criticized government policies, warning that rising debt, inflation, unemployment, and weak exports require deeper reforms.

Miftah Ismail criticizes rising debt, says budget fails to address economic crisis
State Bank forex reserves rise by $25 million

State Bank forex reserves rise by $25 million

Pakistan, US pledge stronger ties as Dar meets Marco Rubio

Pakistan, US pledge stronger ties as Dar meets Marco Rubio

SBP launches 'go cashless' campaign for Eidul Azha 2026

SBP launches 'go cashless' campaign for Eidul Azha 2026

SBP Governor Jameel sees improving economic stability

SBP Governor Jameel sees improving economic stability

Foreign exchange reserves rising weekly, external debt steady at $100bn: SBP governor

Foreign exchange reserves rising weekly, external debt steady at $100bn: SBP governor

Traders reject policy rate hike, demand balanced strategy

Traders reject policy rate hike, demand balanced strategy

SBP raises policy rate by 100 basis points to 11.5pc

SBP raises policy rate by 100 basis points to 11.5pc

Pakistan secures $1bn from Saudi Arabia as second tranche of $3bn deposit

Pakistan secures $1bn from Saudi Arabia as second tranche of $3bn deposit

Government debt rises by Rs15.07 trillion in first two years: Report

Government debt rises by Rs15.07 trillion in first two years: Report

Pakistan returns $2 billion to UAE, confirms State Bank

Pakistan returns $2 billion to UAE, confirms State Bank

SBP introduces ease for IT exporters and freelancers

SBP introduces ease for IT exporters and freelancers

Pakistan's forex reserves increase by $1.26 million, SBP reports

Pakistan's forex reserves increase by $1.26 million, SBP reports

Pakistan foreign exchange reserves hit four-year high after SIFC reforms

Pakistan foreign exchange reserves hit four-year high after SIFC reforms

SBP releases data on banking deposits and investments in Pakistan

SBP releases data on banking deposits and investments in Pakistan

UAE not demanding return of $2bn loan, says State Bank governor

UAE not demanding return of $2bn loan, says State Bank governor

Right time for Hania, rapper Badshah reacts to her wedding rumors

Right time for Hania, rapper Badshah reacts to her wedding rumors

State Bank of Pakistan releases data on Roshan Digital Accounts

State Bank of Pakistan releases data on Roshan Digital Accounts

SBP announces revised banking hours for Ramazan

SBP announces revised banking hours for Ramazan

Pakistan's official forex reserves rise by $56 million

Pakistan's official forex reserves rise by $56 million

SBP holds policy rate at 10.5% despite expectations of further cut

SBP holds policy rate at 10.5% despite expectations of further cut

State Bank awaits cabinet approval for printing new currency notes

State Bank awaits cabinet approval for printing new currency notes

US dollar continues to slide against rupee in interbank market

US dollar continues to slide against rupee in interbank market

State Bank, all financial institutions to remain closed on December 25

State Bank, all financial institutions to remain closed on December 25

Private sector lending surges in Pakistan, SBP data shows

Private sector lending surges in Pakistan, SBP data shows

SBP slashes policy rate by 50 bps to 10.5pc

SBP slashes policy rate by 50 bps to 10.5pc

SBP for use of Green Taxonomy to promote climate resilience, sustainable economic activities

SBP for use of Green Taxonomy to promote climate resilience, sustainable economic activities

Workers remittances surge by 9.4pc to $3.2bn in November 2025

Workers remittances surge by 9.4pc to $3.2bn in November 2025

SBP injects over Rs2.6 trillion in the market

SBP injects over Rs2.6 trillion in the market

External debt growth halted; debt-to-GDP ratio falls to 26pc

External debt growth halted; debt-to-GDP ratio falls to 26pc

Investing in people vital to attain sustainable, long-term inclusive growth, says SBP governor

Investing in people vital to attain sustainable, long-term inclusive growth, says SBP governor

SBP injects Rs645 billion in the market

SBP injects Rs645 billion in the market

Banking deposits cross Rs35 trillion as sector shows strong growth

Banking deposits cross Rs35 trillion as sector shows strong growth

Government trims debt further in September: State Bank

Government trims debt further in September: State Bank

SBP governor calls for regional capital market integration to drive growth, financial stability

SBP governor calls for regional capital market integration to drive growth, financial stability

Amin Khan Lodhi appointed State Bank deputy governor

Amin Khan Lodhi appointed State Bank deputy governor

Pakistan records first current account surplus of fiscal year 2025–26

Pakistan records first current account surplus of fiscal year 2025–26

Pakistan's financial inclusion jumps to 67pc as macroeconomic stability returns: SBP chief

Pakistan's financial inclusion jumps to 67pc as macroeconomic stability returns: SBP chief

Blueprint to accelerate digital payments adoption in Pakistan unveiled

Blueprint to accelerate digital payments adoption in Pakistan unveiled

Pakistan's foreign reserves inch up, says State Bank

Pakistan's foreign reserves inch up, says State Bank

SBP launches loan scheme for E-bikes, rickshaws

SBP launches loan scheme for E-bikes, rickshaws

Mira Sethi opens up two years after divorce from Bilal Siddiqui

Mira Sethi opens up two years after divorce from Bilal Siddiqui

SBP retains policy rate at 11%

SBP retains policy rate at 11%

Pakistan's foreign reserves edge up by $34 million

Pakistan's foreign reserves edge up by $34 million

Banking sector performed steadily, maintained adequate buffers: SBP

Banking sector performed steadily, maintained adequate buffers: SBP

Policy rate reduction to boost economic activity: Miftah Ismail

Policy rate reduction to boost economic activity: Miftah Ismail

Pakistan's foreign reserves sees modest increase of $ 41.7m

Pakistan's foreign reserves sees modest increase of $ 41.7m

SBP injects Rs554 billion in the market

SBP injects Rs554 billion in the market

SBP projects 3.25pc to 4.25pc economic growth for FY2026

SBP projects 3.25pc to 4.25pc economic growth for FY2026

SBP releases monetary policy report, explains decision to pause policy ease

SBP releases monetary policy report, explains decision to pause policy ease

SBP governor highlights importance of leveraging capital markets

SBP governor highlights importance of leveraging capital markets

Pakistan's annual inflation accelerates to 4.1% in July

Pakistan's annual inflation accelerates to 4.1% in July

SBP keeps policy rate unchanged at 11pc

SBP keeps policy rate unchanged at 11pc

EPBD demands bold monetary action as regional competitors surge ahead

EPBD demands bold monetary action as regional competitors surge ahead

SBP introduces easier bank account opening framework

SBP introduces easier bank account opening framework

SBP expected to cut interest rate in monetary policy

SBP expected to cut interest rate in monetary policy

Pakistan posts $2.1bn current account surplus after 14 years

Pakistan posts $2.1bn current account surplus after 14 years

Pakistan's foreign reserves cross $20bn after strong official inflows

Pakistan's foreign reserves cross $20bn after strong official inflows

SBP declares bank holiday on July 1

SBP declares bank holiday on July 1

SBP keeps policy rate unchanged at 11pc

SBP keeps policy rate unchanged at 11pc

SBP likely to hold interest rate unchanged in monetary policy meeting on 16th

SBP likely to hold interest rate unchanged in monetary policy meeting on 16th

Eidul Azha 2025: SBP, other banks to remain closed from June 6 to 9

Eidul Azha 2025: SBP, other banks to remain closed from June 6 to 9

PCC to meet June 2 on crypto regulations

PCC to meet June 2 on crypto regulations

SBP launches 'Go Cashless' drive to buy sacrificial animals in cattle markets

SBP launches 'Go Cashless' drive to buy sacrificial animals in cattle markets

SBP reserves increased by $118m, now stand at $10.3b

SBP reserves increased by $118m, now stand at $10.3b

SBP slashes policy rate by 100bps to 11pc

SBP slashes policy rate by 100bps to 11pc

SBP's forex reserves move up by $9 million

SBP's forex reserves move up by $9 million

SBP to announce monetary policy on May 5

SBP to announce monetary policy on May 5

Current Account records 1.86b dollars surplus in nine months of FY25: SBP

Current Account records 1.86b dollars surplus in nine months of FY25: SBP

Overseas Pakistanis remitted record $28.07bn in current fiscal, says SBP governor

Overseas Pakistanis remitted record $28.07bn in current fiscal, says SBP governor

Pakistan's foreign reserves cross $16bn

Pakistan's foreign reserves cross $16bn

SBP to announce second monetary policy on 10th

SBP to announce second monetary policy on 10th

SBP sets target to enhance bank account coverage to 75pc

SBP sets target to enhance bank account coverage to 75pc

SBP injects over Rs2.53 trillion in the market

SBP injects over Rs2.53 trillion in the market

Pakistan's total forex reserves stand at 16.04bn dollars

Pakistan's total forex reserves stand at 16.04bn dollars

SBP announces issuing new banknotes this year

SBP announces issuing new banknotes this year

SBP brings policy rate down to 12pc in line with expectations of stakeholders

SBP brings policy rate down to 12pc in line with expectations of stakeholders

Current account records 1.21bn surplus in first half of FY25

Current account records 1.21bn surplus in first half of FY25

SBP vows to expand financial inclusion via global, domestic collaborations

SBP vows to expand financial inclusion via global, domestic collaborations

SBP forex reserves dip due to debt payments

SBP forex reserves dip due to debt payments

SBP launches new eCIB System to modernise Pakistan's financial infrastructure

SBP launches new eCIB System to modernise Pakistan's financial infrastructure

SBP cuts policy rate by 200bps to 13pc

SBP cuts policy rate by 200bps to 13pc

CPI inflation decelerates to 4.9pc in November

CPI inflation decelerates to 4.9pc in November

Pakistan's forex reserves cross $16 billion, SBP data shows

Pakistan's forex reserves cross $16 billion, SBP data shows

SBP honours Baba Guru Nanak by unveiling commemorative coin

SBP honours Baba Guru Nanak by unveiling commemorative coin

PM welcomes policy rate cut, expects reduction in loans

PM welcomes policy rate cut, expects reduction in loans

Bulls surge in the PSX amid hopes of policy rate cut by SBP

Bulls surge in the PSX amid hopes of policy rate cut by SBP

SBP receives first installment of $1.026bn loan from IMF

SBP receives first installment of $1.026bn loan from IMF

State Bank slashes interest rate by significant 2pc to 17.5pc

State Bank slashes interest rate by significant 2pc to 17.5pc

Women steal the SBP currency note design competition show

Women steal the SBP currency note design competition show

Prime Minister finalises key targets for five-year economic plan

Prime Minister finalises key targets for five-year economic plan

SBP to announce monetary policy today

SBP to announce monetary policy today

SBP holds monetary policy committee meeting today

SBP holds monetary policy committee meeting today

Banks will remain closed on July 1: SBP

Banks will remain closed on July 1: SBP

Banks to remain closed on May 1: SBP

Banks to remain closed on May 1: SBP

Pakistan interest rates likely to be maintained, IMF will formally approve release of $1.1bn

Pakistan interest rates likely to be maintained, IMF will formally approve release of $1.1bn

Pakistan needs to arrange $4.8bn for debt repayment in current fiscal year: SBP chief

Pakistan needs to arrange $4.8bn for debt repayment in current fiscal year: SBP chief

State Bank expected to maintain interest rates today

State Bank expected to maintain interest rates today

Pakistan inflation sees slowest CPI jump in February since June 2022

Pakistan inflation sees slowest CPI jump in February since June 2022

SBP competition for new design of currency notes sparks memefest

SBP competition for new design of currency notes sparks memefest

Pakistan stocks tumble, rupee stays strong amid high interest rates and political uncertainty

Pakistan stocks tumble, rupee stays strong amid high interest rates and political uncertainty

KSE-100 Index drops 1.63pc as rate cut hopes fade

KSE-100 Index drops 1.63pc as rate cut hopes fade

Pakistan current account deficit shrinks to $831m in July-Dec 24 against $3.63bn last year

Pakistan current account deficit shrinks to $831m in July-Dec 24 against $3.63bn last year

State Bank of Pakistan expected to hold interest rates at 22pc

State Bank of Pakistan expected to hold interest rates at 22pc

Saudi Arabia extends term for $3bn deposit for one year: SBP

Saudi Arabia extends term for $3bn deposit for one year: SBP

Bank deposits reached an all-time high in October

Bank deposits reached an all-time high in October

Mohsin Naqvi asks SBP to shut down banks for four days

Mohsin Naqvi asks SBP to shut down banks for four days

Fiscal policy followed during past several years was unsustainable: SBP

Fiscal policy followed during past several years was unsustainable: SBP

Dollar remains stable in interbank

Dollar remains stable in interbank

Banks to observe holiday on Eid Miladun Nabi

Banks to observe holiday on Eid Miladun Nabi

NAB chairman summons meeting in aftermath of SC verdict

NAB chairman summons meeting in aftermath of SC verdict

Economy showing signs of recovery, says finance minister

Economy showing signs of recovery, says finance minister

Pakistan has Rs30.96tn worth money in circulation

Pakistan has Rs30.96tn worth money in circulation

Nepra moved for hike in K-Electric tariff

Nepra moved for hike in K-Electric tariff

BoP's balance sheet surpasses Rs2-tr mark in 1st half of 2023

BoP's balance sheet surpasses Rs2-tr mark in 1st half of 2023

Dr Shamshad Akhtar assumes charge as caretaker finance minister

Dr Shamshad Akhtar assumes charge as caretaker finance minister

Pakistan's foreign exchange reserves up by $12m

Pakistan's foreign exchange reserves up by $12m

SBP to issue Rs100 coin to commemorate 10 years of CPEC

SBP to issue Rs100 coin to commemorate 10 years of CPEC

SBP puts speculations to rest by sticking to 22pc interest rate

SBP puts speculations to rest by sticking to 22pc interest rate

Another rate hike looms amid IMF conditions as SBP to reveal monetary policy today

Another rate hike looms amid IMF conditions as SBP to reveal monetary policy today

Monetary policy to be announced tomorrow

Monetary policy to be announced tomorrow

State Bank allows currency dealers to import dollars through cargo, security companies

State Bank allows currency dealers to import dollars through cargo, security companies

Banks to observe three holidays on Ashura

Banks to observe three holidays on Ashura

State Bank's forex reserves soars post IMF deal

State Bank's forex reserves soars post IMF deal

StanChart to sell five sub-Saharan Africa businesses to Access Bank

StanChart to sell five sub-Saharan Africa businesses to Access Bank

SBP says political uncertainty, inflation, exchange rate hampered economy in 2022

SBP says political uncertainty, inflation, exchange rate hampered economy in 2022

SBP governor refuses to disclose $3bn loan beneficiaries 'publicly' despite PAC orders

SBP governor refuses to disclose $3bn loan beneficiaries 'publicly' despite PAC orders

State Bank issues Rs75 commemorative banknote

State Bank issues Rs75 commemorative banknote

Pakistan's foreign exchange reserves reach $9.34bn

Pakistan's foreign exchange reserves reach $9.34bn

Banks to remain closed on July 3

Banks to remain closed on July 3

Sterling struggles to hold its ground

Sterling struggles to hold its ground

SBP forex reserves drop to alarming level of $3.5bn

SBP forex reserves drop to alarming level of $3.5bn

Govt extends Eidul Azha holidays

Govt extends Eidul Azha holidays

Banks to observe normal banking on June 24: SBP

Banks to observe normal banking on June 24: SBP

Pakistan's current account deficit dips 81pc during July-May 2022-23

Pakistan's current account deficit dips 81pc during July-May 2022-23

Reza Baqir thinks Pakistan is inching towards default, calls for close liaison with IFIs

Reza Baqir thinks Pakistan is inching towards default, calls for close liaison with IFIs

Pakistan being pushed towards default, says Dar

Pakistan being pushed towards default, says Dar

Businessmen express grave concern over SBP's decision to maintain 21pc policy rate

Businessmen express grave concern over SBP's decision to maintain 21pc policy rate

State Bank sells Treasury bills worth Rs2,586bn

State Bank sells Treasury bills worth Rs2,586bn

SBP governor says Pakistan not considering bilateral debt restructuring, sources claim

SBP governor says Pakistan not considering bilateral debt restructuring, sources claim

Banks allowed to buy dollar from interbank for int'l card-based transactions

Banks allowed to buy dollar from interbank for int'l card-based transactions

SBP forex reserve plunge by $119m

SBP forex reserve plunge by $119m

Forex reserves reach $10.04 after $6M dip

Forex reserves reach $10.04 after $6M dip

Rs 75 commemorative bank notes legal: SBP

Rs 75 commemorative bank notes legal: SBP

Banks to stay away from work on May 1

Banks to stay away from work on May 1

Pakistan's forex reserves soar by $394m

Pakistan's forex reserves soar by $394m

ATMs of some banks failed to respond

ATMs of some banks failed to respond

Five-day banks' closure on Eid notified

Five-day banks' closure on Eid notified

Fawad wants SC proceedings against SBP over non-provision of funds for polls

Fawad wants SC proceedings against SBP over non-provision of funds for polls

Forex reserves plunge by $170m: SBP

Forex reserves plunge by $170m: SBP

SBP decides against issuing new currency notes this Eid

SBP decides against issuing new currency notes this Eid

SBP to issue Rs50 commemorative coin to honour constitution

SBP to issue Rs50 commemorative coin to honour constitution

Forex reserves down by $36m, reach $9.75bn

Forex reserves down by $36m, reach $9.75bn

The forex reserves plunged to $ 9.82bn after a decrease of $ 354m

The forex reserves plunged to $ 9.82bn after a decrease of $ 354m

No action against banks yet, for opening LC's on additional prices

No action against banks yet, for opening LC's on additional prices

Rice exports decline by 20.59% in the current fiscal year

Rice exports decline by 20.59% in the current fiscal year

Pakistan's liquid foreign reserves rise above $ 10bn

Pakistan's liquid foreign reserves rise above $ 10bn

SBP issues Rs50 coin to celebrate Senate's golden jubilee

SBP issues Rs50 coin to celebrate Senate's golden jubilee

SBP receives $500 million from Chinese bank

SBP receives $500 million from Chinese bank

Workers' remittances down 10.8pc in Jul-Feb FY23

Workers' remittances down 10.8pc in Jul-Feb FY23

SBP raises key interest rate by 300bps, takes it to 20pc

SBP raises key interest rate by 300bps, takes it to 20pc

Next MPC meeting scheduled on March 16, SBP

Next MPC meeting scheduled on March 16, SBP

SBP reserves swell to $4bn after $700m injection by China

SBP reserves swell to $4bn after $700m injection by China

Rupee strengthens against dollar

Rupee strengthens against dollar

SBP held reserves plummet below $3 billion

SBP held reserves plummet below $3 billion

Bank's treatment keeps clients economically excluded, SBP Director

Bank's treatment keeps clients economically excluded, SBP Director

Roshan Digital Account totaled $5.686bn by Jan 2023

Roshan Digital Account totaled $5.686bn by Jan 2023

Pakistani rupee hits to new low against dollar in interbank market

Pakistani rupee hits to new low against dollar in interbank market

SBP-held foreign reserves fall to alarming $3.7bn

SBP-held foreign reserves fall to alarming $3.7bn

Interest rate highest in 25-years

Interest rate highest in 25-years

Tentative target of Rs1,819bn agri loans set for FY24: SBP governor

Tentative target of Rs1,819bn agri loans set for FY24: SBP governor

Dollar manipulation probe complete, decision to be made on action

Dollar manipulation probe complete, decision to be made on action

SBP relaxes importers with one-time convenience

SBP relaxes importers with one-time convenience

SBP raises interest rate to 17pc

SBP raises interest rate to 17pc

SBP to determine monetary policy on January 23

SBP to determine monetary policy on January 23

SBP foreign reserves climb $258 million to reach $4.6 billion

SBP foreign reserves climb $258 million to reach $4.6 billion

Karachi's businessmen criticize SBP on LCs crisis

Karachi's businessmen criticize SBP on LCs crisis

CAD drastically drops to $0.4 billion in December, SBP

CAD drastically drops to $0.4 billion in December, SBP

SBP issues NOCs for establishing five digital banks

SBP issues NOCs for establishing five digital banks

Pakistan's central bank amends foreign exchange rules to facilitate IT entities, freelancers

Pakistan's central bank amends foreign exchange rules to facilitate IT entities, freelancers

SBP's reserves plummet to perilous low of $4.34 billion

SBP's reserves plummet to perilous low of $4.34 billion

SBP grants approval to Pakistan's first agri-fintech app Digitt+

SBP grants approval to Pakistan's first agri-fintech app Digitt+

SBP Governor highlights women's contribution in nation building

SBP Governor highlights women's contribution in nation building

Old design large size banknotes can't be exchanged post December 31: SBP

Old design large size banknotes can't be exchanged post December 31: SBP

Pakistan’s foreign exchange reserves drop to alarming level

Pakistan’s foreign exchange reserves drop to alarming level

Debt repayments on track, foreign reserves to increase in 2nd half: SBP Governor

Debt repayments on track, foreign reserves to increase in 2nd half: SBP Governor

Saudi Arabia extends term of $3bn deposit: SBP

Saudi Arabia extends term of $3bn deposit: SBP

SBP strongly rebuts placement of any restriction on LCs for import of petroleum products

SBP strongly rebuts placement of any restriction on LCs for import of petroleum products

US dollar strikes back as Pakistani rupee tumbles

US dollar strikes back as Pakistani rupee tumbles

SBP receives $1.5bn from ADB: Finance Minister

SBP receives $1.5bn from ADB: Finance Minister

SBP keeps policy rate unchanged at 15pc

SBP keeps policy rate unchanged at 15pc

Rupee continues to gain ground against dollar

Rupee continues to gain ground against dollar

Governor SBP calls on Finance Minister Ishaq Dar

Governor SBP calls on Finance Minister Ishaq Dar

Saudi development fund confirms rollover of $3bn deposit for one year

Saudi development fund confirms rollover of $3bn deposit for one year

US dollar continues upward trajectory against PKR in interbank

US dollar continues upward trajectory against PKR in interbank

RDA inflows reach $5 billion mark in 24 months

RDA inflows reach $5 billion mark in 24 months

Forex reserves fall $113mn, stands at $7.7bn

Forex reserves fall $113mn, stands at $7.7bn

SBP keeps policy rate unchanged at 15 percent

SBP keeps policy rate unchanged at 15 percent

Jameel Ahmad appointed as SBP governor

Jameel Ahmad appointed as SBP governor

Dollar regains value against PKR in interbank

Dollar regains value against PKR in interbank