Tag: Sbp

  The State Bank of Pakistan (SBP) Monday emphasised the need to take immediate measures for updating their policies, procedures, systems and controls and restoring communication channels and agreements with their counterparts in Iran for early recovery of normal trade and business activities. In the backdrop of lifting of sanctions against Iran, SBP called a special meeting of all the banks and other financial institutions to discuss the progress made by the banking side for facilitating trade transactions with Iran. The meeting, chaired by the BPRG executive director, was attended by senior bankers from the banking industry. Given the geographical proximity and economic affinity between Pakistan and Iran, it is expected that restoration of banking channels would result in the revival of normal trade and business activities between the two neighbours. In line with the federal government’s decision regarding lifting of sanctions against Iran, SBP advised banks on February 25 that normal business activities can be started with Iran as per the UN resolution and the notification of the federal government on removal of sanctions against Iran. The participants discussed issues related to international sanctions and deliberated on a future course of action. The SBP also provided general guidance on trade with Iran in the post sanctions milieu while keeping in view the residual sanctions and clarified points raised by the banks.

Governor State Bank Ashraf Mahmood Wathra on Monday said that foreign exchange reserves have crossed the limit of 20 billion dollars. Addressing a ceremony at...

  Despite the improvement in the macroeconomic indications in the first half of the current fiscal year, the central bank has kept the policy rate...

  Owing to the continuously declining inflation, there is a strong chance of further reduction in policy rates by 50 basis points to 5.5 per...

    The State Bank of Pakistan (SBP) submitted its First Quarterly Report of 2015-16 titled ‘The State of Pakistan’s Economy’ to the Parliament on Monday....

  The National Accountability Bureau (NAB) on Saturday wrote letters to the Federal Board of Revenue (FBR) and State Bank of Pakistan for the bank...

    While it seems that all we do is hear about is new and upcoming power projects in the country, the annual report issued by...

  The State Bank of Pakistan (SBP) said in its Annual Report on the State of the Economy for the year 2014-15 released on Friday...

  China Pakistan Economic Corridor (CPEC) is one of the most important initiatives of the government in recent times and is expected to play a...

SBP to support post harvest agricultural finance The State Bank of Pakistan (SBP) Deputy Governor Saeed Ahmad said on Wednesday that Warehouse Receipt Financing was...

  The State Bank of Pakistan Governor Ashraf Mahmood Wathra said on Monday that the Central Bank is striving to further strengthening the role of...

And Pakistan’s present predicament   International Monetary Fund’s (IMF) ninth review was successfully completed some days ago. We missed targets to the two key quantitative performance...

  The State Bank of Pakistan (SBP) announced on Thursday that the total liquid foreign reserves held by the country’s banks stood at $19,746.3 million...

  State Bank of Pakistan (SBP) on Wednesday issued guidelines on standardization of layout and security features of payment orders (POs) and demand drafts (DDs)...

  State Bank of Pakistan (SBP), in order to remove any ambiguity and doubt among the general public, on Wednesday reiterated its commitment for promotion...

Pakistan Customs with the help of State Bank of Pakistan (SBP) has initiated a project to automate the process of issuing Form-E to further...

The State Bank of Pakistan under Payment Systems & Electronic Funds Transfer Act, 2007, has allowed Direct Membership of Cheque Clearinghouse (NIFT) to Microfinance...