Tag: Sbp

SBP reschedules monetary policy announcement

Central bank has changed its schedule to announce the monetary policy decision, said a statement issued on Thursday by State Bank of Pakistan (SBP)....

SBP enhances scope of financing facility

State Bank of Pakistan has enhanced the scope of financing facility for establishment of new power projects using renewable energy with a view to...

SBP pumps over Rs218 billion into banking system

Central bank on Friday injected Rs218.100 billion into the currency market where much of the liquidity is being gulped by the cash-strapped government to...

SBP, PTA sign MoU to promote mobile banking

State Bank of Pakistan (SBP) and Pakistan Telecommunication Authority (PTA) Wednesday signed a Memorandum of Understanding (MoU) to develop an appropriate technological and regulatory...

Can SBP arrest the rupee fall?

For a poor country like Pakistan, which largely depends on imports, the fall of the rupee against the dollar produces multiplier effects in the...

SBP and the finance ministry

The pretty wide gap between the SBP and finance ministry’s projection of the fiscal deficit – arguably the most concerning statistic at present –...

Banks hold over Rs70b excess cash reserves

Commercial banks held over Rs70 billion of excess cash reserves during the week spanning between 23rd and 29th December; thus adversely impacting smooth functioning...

Dollar reserves stand at $16.917b

The country’s total liquid foreign reserves stood at $16.917 billion during the week that ended on the 30th of December. According to State Bank,...

SBP pumps Rs175b in money market

Central bank Friday pumped around 175 billion into the banking system to avoid what the market players believe a potential liquidity crunch. Banking system...

SBP, NBP field offices to remain open

State Bank of Pakistan (SBP) has issued necessary instructions to SBP, Banking Services Corporations (BSC) field offices and NBP to remain open for extended...

SBP directs banks to exchange Rs5 banknote before Dec 31

State Bank of Pakistan (SBP) has directed all commercial banks and field offices of SBP Banking Services Corporation (BSC) operating throughout the country to...

Economy grows by 2.4pc in FY11: SBP

Pakistan’s economy managed to grow by 2.4 percent in fiscal year 2010-11 (FY11), despite devastating floods in the early part of FY11, says the...

The T-bill rejection

It just seems too hard to believe that the government is straightening up! An analysis of bid rejection in the latest auction may appear...

Faltering hopes for economic growth: SBP

State Bank of Pakistan (SBP) has cautioned that banks’ source of profits were shifting away from interest income through advances to investment in the...

Govt fails to tap budgeted foreign inflows, may end up...

The State Bank of Pakistan (SBP) is faced with a dilemma due to the government’s failure to tap budgeted foreign inflows and half-baked efforts...

Tajik bankers visit SBP to study mobile financial services

A six-member delegation of National Bank of Tajikistan visited State Bank of Pakistan (SBP) on weeklong study tour starting from 28th November to 2nd...

A lull before the policy storm

In a regime of changed stances but repeated circumstances, the house is once again divided on whether SBP will tango with the private sector...