Tag: Sbp

SBP clarifies revising inflation target

The State Bank of Pakistan (SBP) Wednesday said in some of the media reports covering the release of SBPs First Quarterly Report of 2014-15...

SBP cuts interest rate to 8.5 per cent

Governor Wathra says inflation remained at 4.3 per cent during December and is expected to come down further Says fiscal deficit remained under control despite...

SBP sets mechanism for export of 0.5m MT sugar

The government of Pakistan has allowed the millers to export 0.5 million metric tonnes (MT) of sugar as per the given terms and conditions. Accordingly,...

SBP satisfied with performance of banking sector

Substantial improvement has been observed in the banking sector during July-September quarter of 2014. The profit (before tax) reached historically high level of Rs...

KASB Bank forms 0.7pc of Rs 8.7t deposits: SBP

Banking regulator clarifies that operations of KASB Bank had not been suspended The central bank Sunday said that of the total Rs 8.7 trillion deposit...

SBP slashes interest rate by 50bps

Central bank says favourable trends in global commodity prices, lower inflation and limited damage from recent floods led to decision As expected, the State Bank...

SBP puts six-month moratorium on KASB Bank

The State Bank of Pakistan on Friday put a six-month moratorium on Khadim Ali Shah Bukhari Bank (KASB). According to the State Bank, the decision...

SBP moves to help banks up agri financing outreach

The State Bank of Pakistan (SBP) has issued guidelines on value chain contract farmer financing to encourage banks to extend credit to small and...

Country paying the price for fleeting SBP governors

Study finds relation between short tenures of central bank governors and inflation in developing countries Administrative and perceivably political factors causing inflationary pressures to worsen...

SBP to announce monetary policy on 19th

The State Bank of Pakistan issued a notification on Thursday that it will announce its monetary policy on July 19, a week later than...

SBP revises mark-up for exporters under EFS

State Bank of Pakistan (SBP) has revised the mark-up rate for exporters availing financing facilities under Export Finance Scheme (EFS) that will be 7.5...

SUCCESSFUL MILITARY OPERATION, POLITICAL STABILITY EYED VITAL AS ECONOMY TAKES OFF

Economic managers might be sighing in relief as the country’s macroeconomic indicators show an overall improvement, with the current account deficit having set at...

It’s all about bond – prize bond!

SBP holds police responsible for disappearance of prize bonds while being transported from Lahore to Karachi The State Bank of Pakistan (SBP) Tuesday hinted that...

Prudential regulations of SBP for housing finance

State Bank of Pakistan (SBP) has released a fresh set of prudential regulations for regulating financing in housing and mortgage. House Building Finance Company...

SBP keeps key discount rate unchanged at 10pc

KARACHI The State Bank of Pakistan (SBP) kept its key discount rate unchanged at 10 percent on Saturday, a spokesman said, following a drop in...

Monetary policy to be announced on 15th

KARACHI The State Bank of Pakistan would unveil its monetary policy decision for the next couple of months on Saturday. The new discount rate, according to...

Central bank reserves hit record low

The State Bank of Pakistan is on the brink of bankruptcy, as the country’s foreign debt has increased to Rs 403 billion ($3.63 billion)...