Tag: Sbp

The scrutiny committee of Sports Board Punjab has picked the Punjab team of 15 players for participation in the Inter Provincial Youth U-14 Boys...

The Sports Board Punjab is holding a workshop on drugs free society and promotion of sports. The workshop is to be conducted by...

The State Bank of Pakistan (SBP) would start issuing Rs. 20 Commemorative Coin through the exchange counters of all the field offices of SBP...

The central bank has decided that any investment portfolio of up to 15 percent of the equity of the banks, microfinance banks (MFBs) and...

The State Bank of Pakistan (SBP) has decided to increase the maximum cap on aggregate Foreign Exchange Exposure Limit (FEEL) of authorised dealers (ADs)...

State Bank of Pakistan (SBP) conducted Open Market Operation (OMO) on Wednesday in Market Treasury Bills and mopped up Rs 6 billion. According to its...

The Monetary and Fiscal Coordination Policy Board, which met after a break of three years has stressed on the need to reduce borrowing from...

The State Bank of Pakistan (SBP) has reminded the general public to exchange the old-design and bigger-size banknote of Rs 500 from the field...

State Bank of Pakistan Governor Shahid H Kardar will inaugurate the ‘Branchless Banking: Government to Person Payments (G2P) Conference 2011’ and launch ‘Financial Innovation...

The State Bank of Pakistan (SBP), on Friday, said that headline annual inflation exhibited a slight decline of 0.2 percent in the last month....

The State Bank of Pakistan (SBP) has allowed banks and development finance institutions (DFIs) to extend loans to meet the cost of ancillary auto...

The central bank, backed by the Government of Pakistan, is going to acquire membership of the Malaysian-based International Islamic Liquidity Management Corporation (IILM) to...

LAHORE - The Sports Board Punjab will hold U-14 boys tennis trials on April 18 here. The selected players will play in the Inter Provincial U-14 boys Tennis Championship to be held at Karachi on April 29-30.
The players and officials from all over Punjab will report at Tennis Court, Bagh-i-Jinnah at 9 am.

KARACHI - While commercial banks are pocketing handsome amounts through investing in risk-free and heavily weighted government guarantees, revenues of the State Bank of Pakistan (SBP) are drying up fast. The SBP's Second Quarterly Report, which was issued on Friday, reveals that the central bank's collections witnessed negative growth of Rs 55 billion during the current financial year. Last year, the bank's collections grew by Rs 63.1 billion.
According to the report, the SBP's

KARACHI - The State Bank of Pakistan (SBP) has decided to aid commercial banks in efforts to enhance their outreach of Islamic banking services through changing the definition of rural and underserved areas.
As a result, the SBP revised its Branch Licensing Policy (BLP) through amending BPRD Circular No 15 and notified the change to the banks through issuing BPRD Circular Letter No 08. "In order to provide incentive to commercial banks for enhancing outreach of Islamic banking

KARACHI - The State Bank of Pakistan (SBP) has said that the failure of tax reforms programme and the flood relief expenditures have rendered the fiscal imbalance of Pakistan unsustainable. The SBP issued this stunning disclosure in its second quarterly report for 2010-11.
The report said that although fiscal indicators showed some improvement in the second quarter of FY11 with substantial growth in non tax revenues, the overall fiscal position during H1-FY11 deteriorated.

KARACHI - Expressing "cautious optimism" over a stable rupee and comfortable external accounts despite foreign funding drying up sharply, the State Bank of Pakistan (SBP) reiterated on Friday that the country's gross domestic product (GDP) growth would range between two and three percent for the current fiscal year.
Concerned over what it called a "disheartening outlook" on inflation, the central bank expressed fears that despite a marginal ease in its Fiscal Year 2011 (FY11)