Saudi Arabia extends term for $3bn deposit for one year: SBP
Several factors contributed to the trend including an 11.2pc month-on-month increase in remittances
Mohsin Naqvi asks SBP to shut down banks for four days
Says record-high circular debt led to energy tariffs hikes
Kerb markets show no exchange rate
SBP announced public holiday on September 29 (Friday)
Top court nullified 9 out of 10 clauses of NAB amendments passed by PDM government
Dr Shamshad Akhtar says anti-smuggling operations helping stabilise Pak rupee
Rs22.6tn are lying with private and public banks while Rs8.4tn are with the State Bank of Pakistan
Nepra will hear the government's request on September 11
BoP's balance sheet surpasses Rs2-tr mark in 1st half of 2023
Finance secretary and senior officials welcomed her
The increase is against the earlier trend of frequent declines since the first week of July
The coin shall be issued through exchange counters of SBP Banking Services Corporation from Aug 11
Country witnessed significant decrease in inflation in June, asserts SBP governor
Most experts are fearing 1pc increase in interest rate
Monetary policy to be announced on 31st
Amount shall not exceed 50pc value of their export consignments
SBP announces two holidays on 28th and 29th
SBP owned reserves rose by $4.2bn
StanChart to sell five sub-Saharan Africa businesses to Access Bank
Urges govt to improve productivity, export competitiveness, debt sustainability
The scheme executed by the PTI govt involves over 600 persons and had zero pc interest rate
It is available for general public and can used for transactions
State Bank’s reserves increased by $533 million to $4,069.9m
Financial institutions will observe five-day Eid closure
Sterling struggles to hold its ground
Net foreign reserves held by commercial banks came at $5.3bn
Federal government adds June 28 in Eidul Azha holidays
Banks to observe normal banking on June 24: SBP
Country sees huge reduction in imports; records $255m surplus in May
Comments comes as reports emerge that the country has 'activated Plan-B'
Pakistan's foreign debt increased from $70b to $100b: Ishaq Dar
Pakistan is already ranked 108th out 190 for ease of doing business
The cut-off yield for the six-month bills increased 5 basis points to reach 21.989%
Claim negates Dar's statement at post-budget press conference
The move is expected to reduce open market rate by up to Rs25
The government’s reserves have decreased to the level of $4.193bn
The state owned reserves plunge to $4.457bn
Notes will be available in all banks
All monetary institutions will honour labour day
SBP reserves have reached to $4.432bn
ATMs of some banks failed to respond
Five day banks closure on Eid ul Fitr 2023
Not holding elections tantamount to sabotaging the constitution
SBP’s forex reserves were down to approximately $4.38bn
Widening supply-demand gap is probable cause (Image: AP)
SBP to issue Rs50 commemorative coin to honour constitution
Forex reserves down by $36m, reach $9.75bn
The forex reserves plunged to $ 9.82bn after a decrease of $ 354m
No action against banks yet, for opening LC’s on additional prices
Rice exports reduced by 20.59% on year-to-year basis
Pakistan’s liquid foreign reserves rise above $ 10bn
SBP issues Rs50 commemorative coin to celebrate Senate's golden jubilee
SBP receives $500 million from Chinese bank
Workers’ remittances down 10.8pc in Jul-Feb FY23
SBP raises key interest rate by 300bps, takes it to 20pc
There are speculations over SBP’s announcement of off-cycle review to raise interest rate
SBP reserves swell to $4bn after $700m injection by China
Local currency appreciates by Rs2.1 to end day at 267.34 against greenback, State Bank of Pakistan
Total reserves of Pakistan are $8.54 billion after adding commercial banks’ $5.62 billion
If banks do not treat consumers with respect SBP would introduce CBDC, warns Sohail Javaad
Remittance inflows were $110 million in January up from $140 million in December, SBP figures
Pakistani rupee hits to new low against dollar in interbank market
Rupee witnessed second-highest percentage decline, biggest drop was in October 1998
Highest interest rate in recent history was 20% on October 22, 1996, lowest was 5.75% on May 23, 2016
Tentative target of Rs1,819bn agri loans set for FY24: SBP governor
Action to be taken against money gained by banks; either fiscal or regulatory, Governor SBP
Central Bank advises banks to offer one-time assistance to importers in cash
SBP raises interest rate to 17pc
Governor Jameel Ahmad will make the announcement one day after the MPC meeting, Central bank
Despite severe reserves shortage Govt making payments on int’l debt commitments to avoid default
Governor SBP assures all in his power to fix business community’s problems during KCCI, SPCCI visits
Comparing Jul-Dec of FY23 to same period of FY22 CAD totaled $3.67 billion against $9.09 billion
SBP issues NOCs for establishing five digital banks
Pakistan's central bank amends foreign exchange rules to facilitate IT entities, freelancers
Reserves decrease further $1.23 billion; Commercial banks’ reserves separately at $5.85 billion
SBP grants approval to Pakistan's first agri-fintech app Digitt+
SBP Governor highlights women’s contribution in nation building
Old design large size banknotes can't be exchanged post December 31, says SBP
Pakistan’s foreign exchange reserves drop to alarming level
Debt repayments on track, foreign reserves to increase in 2nd half, says SBP Governor
Saudi Arabia extends term of $3bn deposit, says SBP
SBP strongly rebuts placement of any restriction on LCs for import of petroleum products
US dollar strikes back as Pakistani rupee tumbles.
The $1.5 billion countercyclical support is part of a significant response package: ADB
SBP keeps policy rate unchanged at 15pc
Rupee continues to gain ground against dollar
Finance Minister terms fiscal, monetary policy coordination vital for sustainable economic growth
Saudi development fund confirms rollover of $3bn deposit for one year
After August 16, dollar has gained Rs15.10 in the interbank.
Inflows of remittances during the month of August were recorded at $187 million: SBP
Forex reserves fall $113mn, stands at $7.7bn
SBP keeps policy rate unchanged at 15 percent
Jameel Ahmad appointed as SBP governor
In two days, the greenback has gained Rs2.10 in the interbank.
The note will be available for public issuance from 30th September 2022.
RDA inflows rise to $4.7 billion in June
PKR continued its winning streak in interbank against the US dollar.
MoF, SBP highlight economic challenges
Pakistan’s external debt of $95 bn is low: SBP
IMF's confidence in Pakistan dropped after no-trust motion:SBP
SBP raises policy rate by 125 bps to 15 percent
Banks / MFBs should ensure the deployment of minimal number of staff: SBP
SBP issues final instructions on IFRS-9 with extended implementation timelines
Pakistan reserves increase $2,071 million to $16,195.6 million
Expatriate Pakistanis from 175 countries had deposited the funds to 416,837 accounts.
SBP challenges Shariah Court’s ruling to abolish ‘Riba’ in SC
SBP declares RS75 currency note design as fake
The state bank said the decrease came mainly due to external debt repayments.
Number of Roshan Digital Account holders reaches 400,000
I thank overseas Pakistanis for reposing their trust in the motherland: PM
Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday.
Financial system remains resilient, says FSR 2021
Rupee further weakens as US dollar flies high in interbank
Govt dispel rumours about safety of bank accounts, lockers
On Friday, the US Dollar climbed 36 Paisa in interbank.
From its peak of Rs 202, dollar is now down by Rs 4.26.
Days after the government reversed some subsidies on fuel, value of US Dollar is depreciating.
After the recovery of rupee, dollar is now being sold on 200 after the day started in the interbank.
The maximum tenure of auto finance has been reduced from five years to three years.
SBP raises interest rate by 150bps to 13.75pc
The committee is likely to hike the interest rate
The inflows of remittances during the month of April were recorded at $245 million.
After its increase of 60 paisas in the Interbank, Dollar is now at Rs.200 and 60 Paisas.
SBP shows, the reserves held by the central bank decreased to $10.3 billion in a week.
US Dollar hits all time high at Rs190 in interbank trade
The above timings will continue until modified or withdrawn: SBP
he has more than 20 years of experience in macroeconomic research and policy making.
Dr Murtaza Syed has more than 20 years of experience in macroeconomic research and policy making.
Reza Baqir's term as SBP governor ends as govt decides against extension
Dr Baqir was appointed as the governor of the central bank by President Arif Alvi on May 4, 2019.
Govt decides against granting extension to Dr Reza Baqir as SBP Governor
The general public is encouraged to undertake their banking transactions on Saturday: SBP
The government should remove the word "interest" from every law, the order said.
The current account balance is a key figure for Pakistan's economy.
The dollar was being quoted at around 187.20.
China remained the largest investor with net flows of $334 million.
The successful meeting will help Pakistan to procure the tranche of $1 billion from IMF.
SBP hikes interest rate by 250 bps to 12.25pc
The Islamic Banking Industry reached new peaks during CY21 as its assets surpassed the 5 trillion
FDI inflows rise 6.1% in 7 months
SBP keeps interest rate unchanged at 9.75 percent
Two major areas with high adoption are mobile and internet banking.
This will also enable banks to align the loan amounts with the actual requirements of farmers: SBP
The governor is also entitled to free landline/mobile phones and internet access.
SBP introduces instant, free person-to-person payments under Raast
Government has made country poorer: JUI-F Chief
I was not taken into confidence for State Bank Amendment Bill: Gillani
The information minister said with the help of God Almighty, this journey of success will not stop.
Senate approves SBP Amendment Bill 2022
SBP issued “Licensing and Regulatory Framework for Digital Banks” earlier this month
Initially, digitized process of EFS cases will run in parallel with existing manual submission: SBP
Hamza Shahbaz lashed out at the Pakistan Tehreek-e-Insaf (PTI) government on Friday
The bill was tabled by Minister for Finance and Revenue Shahukat Train.
Reza Baqir said that Ehsaas Cash Program has been recognized at international level.
IMF asked government to stop borrowing money from the State Bank: Finance Minister
The central bank said that financing under MPMG picked up momentum in 2021.
SBP's Compendium on banking shows 16.9pc growth in deposits in 1QFY22
Dr Baqir highlighted that with the objective of stimulating sustainable economic growth of country
SBP sets Rs 1.7 trillion agriculture credit target for FY22
SBP raises interest rate by 100bps to 9.75pc
The customers would be able to open and operate their accounts from home.
SBP revises prudential regulation for Microfinance Banks
I want to thank Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia: Tarin
Saudi Funds approves agreement of $3 bn with SBP
SBP Governor Reza Bqir said that our growth will be 5 percent this year
SBP hikes interest rate by 150bps to 8.75pc
The remittances have risen to $10.6bn so far in FY22.
The amount arrived from 175 countries with 273,411 accounts
Total exports to the USA during July-September (2021-22) were recorded at US $1565.343 million
The minister in a tweet thanked the Crown Prince and Kingdom of Saudi Arabia for this kind gesture.
Saudi Arabia supports Pakistan in difficult times: Imran Khan
The IMF demanded Pakistani authorities to take immediate action to do more to devalue the green back
The same trend was reflected in e-commerce transactions as well.
Reza Baqir said that talks with the International Monetary Fund (IMF) are going on smoothly.
A shariah complaint version of the scheme was introduced later in the year as well.
Cash margins are the amount of money an importer has to deposit with its bank
All banks are advised to keep their concerned branches open: SBP
SBP Governor said that so far 2.3 billion dollars have been transferred through RDA from abroad.
The SBP said year-on-year inflation fell from 9.7pc in June to 8.4pc in both July and August.
The committee will decide about the Monetary Policy
SBP said that this initiative would also help in achieving bank's financial inclusion objectives.
The committee will decide about the Monetary Policy
This is the sixth consecutive month when inflows recorded around $2.7 billion on average
Bank lending for affordable housing gains momentum
Inflow during the month of August was recorded at $244 million compared to $307 million in July
The forex reserves held by the central bank touched the historic level of $20,145.6 million
The overall exports to USA were recorded at $503.118 million during July (2021-22)
SBP has issued a comprehensively revised set of instructions on the sale of third party products.
"Hats off to our overseas Pakistanis for their phenomenal response."
"SBP has received US$2.75bn from IMF, as part of SDR allocation announced by IMF recently."
China tops the list of countries in terms of Pakistan’s exports to its neighbours
The new portal will enable users to easily access data: SBP
Roshan Digital Account inflow hits $2 billion
The SBP Governor said IMF allocations to take forex reserves to historic high level
The outstanding agricultural credit stood at Rs628 billion as on end June 2021
The overall exports to Germany were recorded at $1511.227 million during July-June (2020-21)
SBP keeps interest rate unchanged at 7 percent