SBP launches new eCIB System to modernise Pakistan's financial infrastructure
The new system will become operational with effect from January 1, 2025
Pakistan's forex reserves cross $16 billion, SBP data shows
The central bank's reserves stood at $11.418 billion after addition of $130 million
SBP honours Baba Guru Nanak by unveiling commemorative coin
Around 10,000 Sikhs visited Pakistan to mark the 555th birth anniversary of Guru Nanak
PM welcomes policy rate cut, expects reduction in loans
SBP had gradually reduced the policy rate from 22% to 15%
Bulls surge in the PSX amid hopes of policy rate cut by SBP
Benchmark KSE-100 index is currently hovering at 91,947.74 points
SBP receives first installment of $1.026bn loan from IMF
Pakistan’s foreign exchange reserves have increased by $1 billion
State Bank slashes interest rate by significant 2pc to 17.5pc
Investors had expected reduction in interest rate amid decelerating inflation
Women steal the SBP currency note design competition show
The State Bank congratulates and praises the winners and participants
Prime Minister finalises key targets for five-year economic plan
GDP growth is targeted at 6pc, with inflation to be restricted between 7pc and 8pc
SBP to announce monetary policy today
Governor SBP Jameel Ahmad will announce the Monetary Policy decision at a press conference
Pakistan interest rates likely to be maintained, IMF will formally approve release of $1.1bn
Some experts still believe up to 100 basis points rate cut is possible
Pakistan needs to arrange $4.8bn for debt repayment in current fiscal year: SBP chief
He is confident of $6bn loan rollover by friendly nations
State Bank expected to maintain interest rates today
Inflation in Feb was 23.1% against 28.3% in Jan
Pakistan inflation sees slowest CPI jump in February since June 2022
The decrease for the second consecutive month is mainly due declining food prices
SBP competition for new design of currency notes sparks memefest
The deadline for submitting the suggestions is March 11, 2024
Pakistan stocks tumble, rupee stays strong amid high interest rates and political uncertainty
One would have to see how the share and currency markets will act in the days leading to Feb 8
KSE-100 Index drops 1.63pc as rate cut hopes fade
The central is expected to retain the interest rates at 22pc
Pakistan current account deficit shrinks to $831m in July-Dec 24 against $3.63bn last year
The country records a $397 surplus for December
State Bank of Pakistan expected to hold interest rates at 22pc
Only one out of 12 analysts in a Reuters poll expects a 100 basis points cut
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
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
Mohsin Naqvi asks SBP to shut down banks for four days
Fiscal policy followed during past several years was unsustainable: SBP
Says record-high circular debt led to energy tariffs hikes
NAB chairman summons meeting in aftermath of SC verdict
Top court nullified 9 out of 10 clauses of NAB amendments passed by PDM government
Economy showing signs of recovery, says finance minister
Dr Shamshad Akhtar says anti-smuggling operations helping stabilise Pak rupee
Pakistan has Rs30.96tn worth money in circulation
Rs22.6tn are lying with private and public banks while Rs8.4tn are with the State Bank of Pakistan
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
Finance secretary and senior officials welcomed her
Pakistan's foreign exchange reserves up by $12m
The increase is against the earlier trend of frequent declines since the first week of July
SBP to issue Rs100 coin to commemorate 10 years of CPEC
The coin shall be issued through exchange counters of SBP Banking Services Corporation from Aug 11
SBP puts speculations to rest by sticking to 22pc interest rate
Country witnessed significant decrease in inflation in June, asserts SBP governor
Another rate hike looms amid IMF conditions as SBP to reveal monetary policy today
Most experts are fearing 1pc increase in interest rate
State Bank allows currency dealers to import dollars through cargo, security companies
Amount shall not exceed 50pc value of their export consignments
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
Urges govt to improve productivity, export competitiveness, debt sustainability
SBP governor refuses to disclose $3bn loan beneficiaries 'publicly' despite PAC orders
The scheme executed by the PTI govt involves over 600 persons and had zero pc interest rate
State Bank issues Rs75 commemorative banknote
It is available for general public and can used for transactions
Pakistan's foreign exchange reserves reach $9.34bn
State Bank’s reserves increased by $533 million to $4,069.9m
SBP forex reserves drop to alarming level of $3.5bn
Net foreign reserves held by commercial banks came at $5.3bn
Pakistan's current account deficit dips 81pc during July-May 2022-23
Country sees huge reduction in imports; records $255m surplus in May
Reza Baqir thinks Pakistan is inching towards default, calls for close liaison with IFIs
Comments comes as reports emerge that the country has 'activated Plan-B'
Pakistan being pushed towards default, says Dar
Pakistan's foreign debt increased from $70b to $100b: Ishaq Dar
Businessmen express grave concern over SBP's decision to maintain 21pc policy rate
Pakistan is already ranked 108th out 190 for ease of doing business
State Bank sells Treasury bills worth Rs2,586bn
The cut-off yield for the six-month bills increased 5 basis points to reach 21.989%
SBP governor says Pakistan not considering bilateral debt restructuring, sources claim
Claim negates Dar's statement at post-budget press conference
Banks allowed to buy dollar from interbank for int'l card-based transactions
The move is expected to reduce open market rate by up to Rs25
Fawad wants SC proceedings against SBP over non-provision of funds for polls
Not holding elections tantamount to sabotaging the constitution
SBP decides against issuing new currency notes this Eid
Widening supply-demand gap is probable cause (Image: AP)
SBP to issue Rs50 commemorative coin to honour constitution
SBP to issue Rs50 commemorative coin to honour constitution
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 reduced by 20.59% on year-to-year basis
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 commemorative coin to celebrate Senate's golden jubilee
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
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
SBP reserves swell to $4bn after $700m injection by China
Rupee strengthens against dollar
Local currency appreciates by Rs2.1 to end day at 267.34 against greenback, State Bank of Pakistan
SBP held reserves plummet below $3 billion
Total reserves of Pakistan are $8.54 billion after adding commercial banks’ $5.62 billion
Bank's treatment keeps clients economically excluded, SBP Director
If banks do not treat consumers with respect SBP would introduce CBDC, warns Sohail Javaad
Roshan Digital Account totaled $5.686bn by Jan 2023
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
Pakistani rupee hits to new low against dollar in interbank market
SBP-held foreign reserves fall to alarming $3.7bn
Rupee witnessed second-highest percentage decline, biggest drop was in October 1998
Interest rate highest in 25-years
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
Tentative target of Rs1,819bn agri loans set for FY24: SBP governor
Dollar manipulation probe complete, decision to be made on action
Action to be taken against money gained by banks; either fiscal or regulatory, Governor SBP
SBP relaxes importers with one-time convenience
Central Bank advises banks to offer one-time assistance to importers in cash
SBP to determine monetary policy on January 23
Governor Jameel Ahmad will make the announcement one day after the MPC meeting, Central bank
SBP foreign reserves climb $258 million to reach $4.6 billion
Despite severe reserves shortage Govt making payments on int’l debt commitments to avoid default
Karachi's businessmen criticize SBP on LCs crisis
Governor SBP assures all in his power to fix business community’s problems during KCCI, SPCCI visits
CAD drastically drops to $0.4 billion in December, SBP
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
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
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 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, says 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, says SBP Governor
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
The $1.5 billion countercyclical support is part of a significant response package: ADB
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
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.
Rupee continues winning streak as dollar plunges in interbank
PKR continued its winning streak in interbank against the US dollar.
Pakistan's economic problems temporary: Finance Ministry, SBP
MoF, SBP highlight economic challenges
IMF's confidence in Pakistan dropped after no-trust motion: SBP
IMF's confidence in Pakistan dropped after no-trust motion:SBP
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
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.
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.
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.
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.
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
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
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.
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 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
Sustainable growth is our goal: Reza Baqir
SBP Governor Reza Bqir said that our growth will be 5 percent this year
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.
