US dollar strikes back as Pakistani rupee tumbles

US dollar strikes back as Pakistani rupee tumbles.

SBP receives $1.5bn from ADB: Finance Minister

The $1.5 billion countercyclical support is part of a significant response package: ADB

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

Finance Minister terms fiscal, monetary policy coordination vital for sustainable economic growth

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

After August 16, dollar has gained Rs15.10 in the interbank.

RDA inflows reach $5 billion mark in 24 months

Inflows of remittances during the month of August were recorded at $187 million: SBP

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

In two days, the greenback has gained Rs2.10 in the interbank.

SBP introduces commemorative banknote to mark 75 years of independence

The note will be available for public issuance from 30th September 2022.

RDA inflows rise to $4.7 billion in June

RDA inflows rise to $4.7 billion in June

Rupee continues winning streak as dollar plunges in interbank

PKR continued its winning streak in interbank against the US dollar.

Pakistan's external debt of $95 bn is low: SBP

Pakistan’s external debt of $95 bn is low: SBP

IMF's confidence in Pakistan dropped after no-trust motion: SBP

IMF's confidence in Pakistan dropped after no-trust motion:SBP

SBP raises policy rate by 125 bps to 15 percent

SBP raises policy rate by 125 bps to 15 percent

Selected bank branches to remain open on Friday: SBP

Banks / MFBs should ensure the deployment of minimal number of staff: SBP

SBP issues final instructions on IFRS-9 with extended implementation timelines

SBP issues final instructions on IFRS-9 with extended implementation timelines

Pakistan reserves increase $2,071 million to $16,195.6 million

Pakistan reserves increase $2,071 million to $16,195.6 million

RDA inflows rise to $4.356 billion in May

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 challenges Shariah Court’s ruling to abolish ‘Riba’ in SC

SBP declares RS75 currency note design as fake

SBP declares RS75 currency note design as fake

Pakistan's foreign exchange reserves plunge to lowest level since 2019

The state bank said the decrease came mainly due to external debt repayments.

Number of Roshan Digital Account holders reaches 400,000: SBP

Number of Roshan Digital Account holders reaches 400,000

PM thanks overseas Pakistanis as RDA deposits cross $4.5bln

I thank overseas Pakistanis for reposing their trust in the motherland: PM

Highest ever daily inflows worth $57 mln recorded in Roshan Digital Account: SBP

Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday.

Financial system remains resilient, says FSR 2021

Financial system remains resilient, says FSR 2021

Rupee further weakens as US dollar flies high in interbank

Rupee further weakens as US dollar flies high in interbank

Govt dispels rumours about safety of bank accounts, lockers

Govt dispel rumours about safety of bank accounts, lockers

US Dollar goes up after govt raises fuel prices

On Friday, the US Dollar climbed 36 Paisa in interbank.

Rupee regains value against dollar in interbank

From its peak of Rs 202, dollar is now down by Rs 4.26.

US dollar continues to shed value against Rupee

Days after the government reversed some subsidies on fuel, value of US Dollar is depreciating.

PKR recovers by Rs2.26 against USD in interbank

After the recovery of rupee, dollar is now being sold on 200 after the day started in the interbank.

SBP reduces auto financing period

The maximum tenure of auto finance has been reduced from five years to three years.

SBP raises interest rate by 150bps to 13.75pc

SBP raises interest rate by 150bps to 13.75pc

SBP to announce monetary policy on Monday

The committee is likely to hike the interest rate

RDA inflows rise to $4.167 billion in April

The inflows of remittances during the month of April were recorded at $245 million.

Dollar flies high, rises over 60 paisas in Inerbank

After its increase of 60 paisas in the Interbank, Dollar is now at Rs.200 and 60 Paisas.

Forex reserves touch 28-month low

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

US Dollar hits all time high at Rs190 in interbank trade

SBP announces bank timings with 5 working days

The above timings will continue until modified or withdrawn: SBP

Dr. Murtaza Syed assumes office of acting Governor of SBP

he has more than 20 years of experience in macroeconomic research and policy making.

Dr Murtaza Syed to assume charge as SBP Governor on Friday

Dr Murtaza Syed has more than 20 years of experience in macroeconomic research and policy making.

Murtaza Syed to take over as Governor SBP as Reza Baqir's term ends

Reza Baqir's term as SBP governor ends as govt decides against extension

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

Govt decides against granting extension to Dr Reza Baqir as SBP Governor

Banks to remain open this Saturday ahead of Eid holidays: SBP

The general public is encouraged to undertake their banking transactions on Saturday: SBP

Federal Shariat Court declares country's interest-based financial system un-Islamic

The government should remove the word "interest" from every law, the order said.

Pakistan's current account deficit reaches $1bn in March

The current account balance is a key figure for Pakistan's economy.

Dollar surpasses Rs187 mark in interbank market

The dollar was being quoted at around 187.20.

FDI drops by 2pc in nine months of FY22

China remained the largest investor with net flows of $334 million.

Talks with IMF to start from Tuesday

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

SBP hikes interest rate by 250 bps to 12.25pc

Islamic banking assets recorded highest ever growth of Rs1.3 trillion in CY21: SBP

The Islamic Banking Industry reached new peaks during CY21 as its assets surpassed the 5 trillion

FDI inflows rise 6.1% in 7 months

FDI inflows rise 6.1% in 7 months

SBP keeps interest rate unchanged at 9.75 percent

SBP keeps interest rate unchanged at 9.75 percent

Digital payments continue brisk growth during 1QFY22: SBP

Two major areas with high adoption are mobile and internet banking.

SBP enhances agriculture credit limits to meet farmers input requirements

This will also enable banks to align the loan amounts with the actual requirements of farmers: SBP

Governor SBP receives monthly salary of Rs2.5 million

The governor is also entitled to free landline/mobile phones and internet access.

SBP introduces instant, free person-to-person payments under Raast

SBP introduces instant, free person-to-person payments under Raast

SBP now under direct control of IMF: Fazlur Rehman

Government has made country poorer: JUI-F Chief

Yousuf Raza Gillani sends resignation as Senate Opposition Leader to PPP

I was not taken into confidence for State Bank Amendment Bill: Gillani

Fawad Ch expresses pleasure over passage of SBP Bill by Senate

The information minister said with the help of God Almighty, this journey of success will not stop.

Senate approves SBP Amendment Bill 2022

Senate approves SBP Amendment Bill 2022

SBP keeps interest rate unchanged at 9.75 percent

SBP keeps interest rate unchanged at 9.75 percent

SBP hosts event on 'Digital Banks – A New Era in Pakistan'

SBP issued “Licensing and Regulatory Framework for Digital Banks” earlier this month

SBP digitizes refinance process of EFS

Initially, digitized process of EFS cases will run in parallel with existing manual submission: SBP

SBP has been handed over to IMF: Hamza Shahbaz

Hamza Shahbaz lashed out at the Pakistan Tehreek-e-Insaf (PTI) government on Friday

NA passes SBP (Amendment) Bill-2022 amid opposition's protest

The bill was tabled by Minister for Finance and Revenue Shahukat Train.

Basic economic indicators kept under control even in pandemic: Governor SBP

Reza Baqir said that Ehsaas Cash Program has been recognized at international level.

SBP will remain under control of govt: Finance Minister

IMF asked government to stop borrowing money from the State Bank: Finance Minister

Housing, construction finance jumps to Rs355bn in CY21: SBP

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

SBP's Compendium on banking shows 16.9pc growth in deposits in 1QFY22

SBP governor terms I-SAAF scheme a game changer for SMEs

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 sets Rs 1.7 trillion agriculture credit target for FY22

SBP raises interest rate by 100bps to 9.75pc

SBP raises interest rate by 100bps to 9.75pc

SBP to launch new initiative 'Asaan Mobile Account' on Monday

The customers would be able to open and operate their accounts from home.

SBP revises prudential regulation for Microfinance Banks

SBP revises prudential regulation for Microfinance Banks

$3 billion Saudi deposit received by SBP: Shaukat Tarin

I want to thank Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia: Tarin

Saudi Funds approves agreement of $3 bn with SBP

Saudi Funds approves agreement of $3 bn with SBP

Sustainable growth is our goal: Reza Baqir

SBP Governor Reza Bqir said that our growth will be 5 percent this year

SBP hikes interest rate by 150bps to 8.75pc

SBP hikes interest rate by 150bps to 8.75pc

Pakistan's remittances in October rise 10pc to $2.5bn

The remittances have risen to $10.6bn so far in FY22.

Roshan Digital Accounts: Inflows reach $2.67bn in 14 months

The amount arrived from 175 countries with 273,411 accounts

USA, China, UK remain top three destinations of Pakistani exports

Total exports to the USA during July-September (2021-22) were recorded at US $1565.343 million

'KSA placing $3bn with SBP, providing $1.2bn oil finance to help Pakistan in balance of payment'

The minister in a tweet thanked the Crown Prince and Kingdom of Saudi Arabia for this kind gesture.

PM thanks Saudi Crown Prince for $3bln deposit in State Bank

Saudi Arabia supports Pakistan in difficult times: Imran Khan

Pakistan, IMF deadlock over rupee devaluation, tax exemption persists

The IMF demanded Pakistani authorities to take immediate action to do more to devalue the green back

Digital payments remain on upward trajectory in FY21: SBP

The same trend was reflected in e-commerce transactions as well.

Overseas Pakistanis benefitted from surge in dollar rate: Governor SBP

Reza Baqir said that talks with the International Monetary Fund (IMF) are going on smoothly.

SBP eases financing conditions for renewable energy solution providers

A shariah complaint version of the scheme was introduced later in the year as well.

SBP imposes 100pc cash margin requirement on import of additional 114 items

Cash margins are the amount of money an importer has to deposit with its bank

Banks to observe extended banking hours on 29th and 30th September

All banks are advised to keep their concerned branches open: SBP

Steady rise in RDAs reflects confidence of overseas Pakistanis on Govt's policies: PM

SBP Governor said that so far 2.3 billion dollars have been transferred through RDA from abroad.

SBP raises policy rate by 25 basis points to 7.25 percent

The SBP said year-on-year inflation fell from 9.7pc in June to 8.4pc in both July and August.

State Bank to announce monetary policy today

The committee will decide about the Monetary Policy

SBP enables Pakistanis to open bank accounts through digital channels

SBP said that this initiative would also help in achieving bank's financial inclusion objectives.

SBP to announce monetary policy on September 20

The committee will decide about the Monetary Policy

Pakistan receives $2.66 billion remittances in August

This is the sixth consecutive month when inflows recorded around $2.7 billion on average

Applications of Rs154bn under MPMG received by banks: SBP

Bank lending for affordable housing gains momentum

RDA inflows reach $2.114 billion in August

Inflow during the month of August was recorded at $244 million compared to $307 million in July

Pakistan's forex reserves increase to $20.15 billion

The forex reserves held by the central bank touched the historic level of $20,145.6 million

Over 63% surplus witnessed in Pak-US trade: SBP

The overall exports to USA were recorded at $503.118 million during July (2021-22)

'SBP address concerns over sale of third party products by banks'

SBP has issued a comprehensively revised set of instructions on the sale of third party products.

'Roshan Apna Ghar' another great initiative for overseas Pakistanis: Faisal Javed

"Hats off to our overseas Pakistanis for their phenomenal response."

Pakistan receives US$2.75 billion from IMF

"SBP has received US$2.75bn from IMF, as part of SDR allocation announced by IMF recently."

Pakistan's regional exports increase 20.50pc in July 2022

China tops the list of countries in terms of Pakistan’s exports to its neighbours

SBP to launch new data portal SAAD

The new portal will enable users to easily access data: SBP

Roshan Digital Account inflow hits $2 billion

Roshan Digital Account inflow hits $2 billion

Current account deficit likely to be 2 to 3 percent this year: Reza Baqir

The SBP Governor said IMF allocations to take forex reserves to historic high level

Agriculture Credit disbursement remains resilient despite Covid-19 challenges: SBP

The outstanding agricultural credit stood at Rs628 billion as on end June 2021

2.68 percent surplus witnessed in Pak-Germany trade: SBP

The overall exports to Germany were recorded at $1511.227 million during July-June (2020-21)

SBP keeps interest rate unchanged at 7 percent

SBP keeps interest rate unchanged at 7 percent

SBP to announce Monetary Policy on July 27

The bank is likely to keep the Interest rate unchanged at 7 percent.

USA, UK, China top three destinations of Pakistani exports during FY 2020-21: SBP

The total exports to the USA during July-June (2020-21) were recorded at US $ 5029.400 million

Current Account posts 10 years' record low deficit of $1.85 bn in FY21

The current account deficit was 6.1 percent of GDP in FY18 and 4.1 percent of GDP in FY17

SBP receives $1bn against Eurobond issue

Pakistan had floated different tenors Eurobonds worth $1 billion.

SBP asks banks to augment consumer grievance handling mechanism

Banks have also been advised to send awareness SMS messages

Workers' remittances soar all time high to $29.4 bn in FY21

Remittance inflows during FY21 were mainly sourced from Saudi Arabia.

Financial System exhibited resilience amid COVID-19: SBP

The FSR highlights that CY20 was a challenging year for the financial sector as COVID-19

Congratulation to NCOC, Ehsaas team and SBP for effective response to Covid-19: PM

With a score of 84.4, Pakistan ranks third amongst fifty countries.

Pak-China imports remained top among other countries: SBP

The total imports from China during July-May (2020-21) were recorded at $11454.962 million

SBP launches web page to disseminate updated data of Roshan Digital Account

Since its launch, Roshan Digital Account has attracted significant interest from overseas Pakistanis

SBP amends foreign exchange regulations

The central bank has introduced changes in foreign exchange regulations.

SBP reserves increase $13m to $16,119.4m

The total liquid foreign reserves held by the country stood at US $23,297.4 million.

SBP announces bank holiday on July 1

Employees of the banks/ DFIs/ MFBs will attend the office as usual

Around 40pc of RDA funds invested in Naya Pakistan Certificate: SBP

The RDA accounts opened in June 2021 stood at 21900 whereas in May as many as 31000 accounts

Around 40% of RDA funds invested in Naya Pakistan Certificate: SBP

An amount of $15 million, just one percent of the total was utilized in stock market

Digital transactions continue to show robust growth in Q3 FY21: SBP

During Q3FY21, bank customers performed 309.5 million e-Banking transactions.

Investment in Naya Pakistan Certificates surpasses $1bn: PM Imran

Accounts & deposits have set new records since the $1 bn event 2 months ago: PM

SBP Governor updates Shaukat Tarin on progress of different policy initiatives

Dr Reza Baqir said Central Bank is fully committed to assist the process of economic growth

SBP proposes framework for Pakistani exporters to sell products on ecommerce websites

SBP proposes framework for facilitating Pakistani exporters.

Pakistan records remittances of $2.5b in May

Remittances extended their record run of above $2 billion in May: SBP

Collateral free loans to businesses soon: SBP

Collateral free loans to businesses soon: SBP

Reason for inflation is not interest rate but supply issues: Reza Baqir

The SBP governor said that the monetary policy is fully supporting the economic growth

SBP keeps interest rate unchanged at 7 percent

MPC was encouraged by the further upward revision in the FY21 growth forecast to 3.94 percent.

Pakistani imports from China remains top among other countries during 10 months: SBP

The total imports from China during July-April (2020-21) were recorded at $10312.089 million

Pakistan posts Current Account Deficit of $200mn in April: SBP

Cumulative surplus in the current account balance stood at $800 million in the first ten months: SBP

ATM monitoring during Ramadan, Eid-ul-Fitr bears substantial results

ATM monitoring during Ramadan, Eid-ul-Fitr bears substantial results

SBP expects growth of 3.94pc in FY21

Fiscal support was targeted to the most vulnerable: SBP

SBP introduces advance calendar of MPC meetings

The MPC would convene the last meeting of the calendar year 2021 on Friday, November 26.

'Pakistan's economy on solid growth path; has potential to grow at faster pace'

Pakistan is one of the few countries that reduced fiscal deficit despite the Covid challenge

SBP appreciated for paying attention to KCCI's demand, keeping banks operational on May 10, 11

President KCCI said SBP’s move would certainly give some breathing space to the exporters

New schemes for SMEs to accelerate credit uptake ratio up to 30%: Raza Baqir

The finance minister lauded the scheme and affirmed to provide the seed money for the scheme.

Financing for sustainable development need of the hour: Reza Baqir

Dr Baqir stated that the Pakistan faces challenge as a result of climate change

Banks to remain open on Saturday: SBP

State Bank announced that it will remain closed from 10th to 15th May, 2021

SBP asks banks to expedite processing of applications of Mera Ghar housing scheme

The banks and DFIs were further advised to adopt appropriate measures to resolve complaints

CDNS obtains free deposit of Rs 670bn in last 3 quarters

The CDNS had set Rs352 billion annual collection target for the year 2019-20

Funds inflows through Roshan Digital Account cross $1 billion: SBP

Fund inflows through Roshan Digital Account have crossed $1 billion in just over 7 months: SBP

Governor SBP calls on Finance Minister

Shaukat Tarin also lauded the 'Roshan Digital Accounts' initiative.

SBP announces banking hours for Ramadan

The timing will be applicable on all banks, development finance institutions and microfinance banks

SBP announces 'bank holiday' on 1st Ramazan

All employees of the banks / DFIs / MFBs will attend to their official assignments

Pakistan's exports to Germany show 8.79% increase in 8 months

The overall exports to Germany were recorded at $989.729 million during July-February (2020-21).

Workers' remittances witness 43pc increase in March: Hammad

'Workers remittances have recorded an increase of 43% in March as compared to same time last year'

Remittances remain over $2bn for tenth consecutive month: PM Imran

Remittances rose to $2.7bn in March: Imran Khan

SBP to retain two-year history of borrowers' default, delayed payments

The major purpose of this database is to enable Financial Institutions (FIs) to know credit history

SBP unveils ambitious third 5-year Strategic Plan for Islamic Banking Industry

State Bank aims at making Islamic banking one third of the overall banking industry by 2025.

Deposits in RDA cross $800 million mark in 7 months

The SBP said the inflows had been accelerating every month since the RDA launched in September 2020

PPP announces to challenge State Bank ordinance

Bilawal alleged the government of handing over the country to the IMF

Governor SBP steers Fourth Stakeholders' Meeting on Digital Financial Ecosystem

The Governor discussed the cross-cutting issues pertaining to NADRA, PTA and FBR.

Will not let SBP become a subsidiary of IMF: Ahsan Iqbal

Will not let SBP become a subsidiary of IMF: Ahsan Iqbal

SBP, CGA Sign MOU for digitizing government payments through Raast

In the pilot phase, the salaries and pensions of a group of employees will be paid through Raast

PM's housing scheme for low income receives overwhelming response: Baqir

PM's housing scheme for low income receives overwhelming response: Baqir

SBP should be given autonomy to pursue its objectives: Dr Reza Baqir

SBP should be given autonomy to pursue its objectives: Dr Reza Baqir

SBP instructs banks to implement govt's decision on housing finance for public

The scheme had divided the potential borrowers into three tiers.

SBP reports highest growth in Islamic banking assets, deposits since 2015

The assets of the Islamic banking industry increased to Rs4269 billion.

SBP reforms regulations to boost housing, construction sector

SBP reforms regulations to boost housing, construction sector

SBP keeps interest rate unchanged at 7 percent

SBP leaves interest rate unchanged at 7 percent

E-banking transactions grow by 24% by volume during Q2FY21: SBP

During Q2FY21, 296.7 million e-Banking transactions valuing Rs21.4 trillion were carried out.

SBP to announce Monetary Policy on March 19

At present, the interest rate is at seven percent.

Workers' remittances remained over $2 bn in Feb for ninth consecutive month

Worker’s remittances surge 24.2 percent in February

February remittances surge 24pc

Remittances stood at $1.82 billion in February last year.

SBP waives charges on internet, mobile banking services

No more activation, subscription or annual charges on internet and mobile banking services.

USA, UK, China top three destinations of Pakistani exports in 7 months

Pakistani exports to Germany stood at US $ 873.241 million

SBP defers Rs657.16bn under refinancing scheme during COVID-19

As many as 46 hospitals had requested for the financing amounting to Rs13.8 billion.

Pakistan's current account deficit declines to $229m in January

Machinery imports continued to grow at double-digits.

Foreign Investment in Pakistan fell by 27% in July-Jan FY21

Foreign Investment in Pakistan fell to $1.145 billion during 7MFY21

SBP makes digital, card transactions more secure and easier

Banks told to implement steps for EMV cards by June 30

Govt simplifies tax regime for Roshan Digital Accounts: SBP

The amendments simplify and reduce the tax compliance cost for the NRPs maintaining RDAs

480m dollars sent through Roshan Digital Accounts: Reza Baqir

SBP Governor said that overseas Pakistanis were estimated to be 7 to 9 millions in range

SBP modernizes foreign exchange regulations to facilitate Start-ups, Fintechs and Exports

SBP modernizes foreign exchange regulations to facilitate Start-ups, Fintechs and Exports

Pakistan pays back more than $3.5 billion foreign loans in Q1

Pakistan pays back more than $3.5 billion foreign loans in Q1

SBP denies rumors of limiting ATM cash withdrawal

SBP denies rumors of limiting ATM cash withdrawal

State Bank keeps interest rate unchanged at 7 percent

State Bank keeps interest rate unchanged at 7 percent

Rs213m for DLTL payments of non-Textile sector approved: Razak

Government's policy is not to put any working capital constraints for our exporters: Razak

PM Imran launches first instant digital payment system 'Raast'

Raast is part of PM Imran's Digital Pakistan vision to include poor segments of the society

Good news soon for markets about restarting IMF program: Reza Baqir

Pakistan entered a three-year $6 billion IMF program in 2019.

Governor SBP steers third Stakeholders Meeting on Digital Financial Services

Governor Baqir briefed the forum about the significant progress made since the last stakeholder’s

SBP releases First Quarterly Report on the State of Pakistan's Economy

Within industry, the report highlights notable growth in cement and food processing sectors

SBP plans to auction Rs.2.90 trillion in short term MTB

The central bank wants to raise Rs1,050bn for three months

Banks to observe extended working hours on Dec 31

All banks have therefore been advised to keep their concerned branches open on December 31, 2020

PM thanks overseas Pakistanis for depositing $200mn in Roshan Digital Accounts

PM termed overseas Pakistanis as country's great asset.

Pakistan posts current account surplus of $447mln in Nov: PM Imran

For current fiscal year so far, surplus stands at $1.6 billion: Imran Khan

SBP launches consultation on Banking on Equality Policy

He also appreciated the support being provided by the Bill and Melinda Gates Foundation

SBP to launch consultation on Banking on Equality policy for reducing gender gap

SBP to launch consultation on Banking on Equality policy for reducing gender gap