SBP’s profit hits record Rs3.4tn in FY24, govt set for windfall

SBP’s profit hits record Rs3.4tn in FY24, govt set for windfall

The State Bank of Pakistan (SBP) posted a massive profit of Rs3.42 trillion in FY24, a nearly 200% jump from last year’s Rs1.142 trillion as higher interest rates and exchange gain helped the central bank post record earnings. “Higher interest rates and stable Pakistani Rupee helped SBP post these huge profits,” Mohammed Sohail, CEO of […]

Read the full story at the Daily Times website.