Tag: Sbp

Rupee nosedives to 118 against mighty dollar amid economic strains

SBP says devaluation was triggered by payment pressures building within the market LAHORE: The rupee Tuesday depreciated Rs7.40 against the US dollar ($) after...

SBP freezes Rao Anwar’s bank accounts amid SC orders

KARACHI: The State Bank of Pakistan on Saturday decided to freeze Malir’s former Senior Superintendent Police (SSP) Rao Anwar’s bank accounts. Anwar allegedly killed...

FIA sends notices to 100 Pakistani investors in Dubai real estate

KARACHI: The Federal Investigation Agency’s (FIA) Anti-Corruption Wing has sent notices to 100 rich Pakistanis, who own properties in Dubai to investigate money laundering from...

23 senators challenge SBP governor’s appointment

Counsel says govt avoids proper selection process to appoint Tariq Bajwa’s as central bank’s head ISLAMABAD: As many as 23 senators have moved the Islamabad...

SBP announces Eid holidays

KARACHI: The State Bank of Pakistan (SBP), on Monday, announced public holidays in connection with Eid-ul-Azha that falls on September 2 (Saturday). The bank said...

SBP corrects misreported facts

Apropos the news stories covering the visit of Lahore Chamber of Commerce and Industries by State Bank of Pakistan Governor Ashraf Mahmood Wathra and...

FIA arrests suspect in fake receipts scam

The Federal Investigation Agency (FIA) has arrested a man allegedly involved in fake receipts scam, in which several Pakistani politicians received fake bank receipts...

SBP issues revised instructions on independent directors

  Since the last financial crisis, most of the countries have revised their regulatory instructions, particularly focusing on the enhanced role of the independent directors...

SBP never refused to furnish information about written off loans to...

  State Bank has never refused to furnish information about written off loans of banks to the parliament. In fact, this information is always available...

Policy/discount rates remained at 5.75pc: SBP

by Arshad Hussain The State Bank of Pakistan (SBP) on Saturday maintained the policy/discount rates had remained unchanged at 5.75 percent owing to the stability in...

SBP first women cricket academy to be inagurated today

Sports Punjab Director General, Zulfiqar Ahmed Ghumman and SBP Cricket Coaching Academies Zaheer Director Abbas will inaugurate Sports Board Punjab’s third and women’s first...

New Rs 10 coin begins circulation Monday

State Bank of Pakistan (SBP)’s new Rs 10 coins have gone into circulation today (Monday), and are available from exchange counters of all the...

SBP, FIA to crack down on illegal money changers

  The State Bank of Pakistan (SBP) and the Federal Investigation Agency (FIA) have joined hands to crack down on illegal foreign exchanges, whose number...

SBP issues revised Prudential Regulations for consumer financing

  The State Bank of Pakistan (SBP) has revised the Prudential Regulations for Consumer Financing with an aim to promote consumer financing in a sustainable...

Boom times continue as KSE 100-index touches another high

Pakistan Stock Exchange’s benchmark KSE 100-share index remained bullish on Monday closing at another peak 39,774.61; the index surged around 271.82 points. Due to...

SBP may keep policy rate unchanged

    The State Bank of Pakistan (SBP) may keep the policy rate unchanged in monetary policy decision on Saturday for the next two months. “While current...

‘Institutions should work hard to make Pakistan one of top 25...

    Federal Minister for Planning, Development and Reforms Prof Ahsan Iqbal has said that all institutions of the country should work hard for making Pakistan...