Tag: State Bank of Pakistan (SBP)
SBP raises interest rate to 12.25pc as economic slowdown continues
--According to central bank's estimates, economic growth is expected to slow in Fiscal Year 19 but rise modestly in Fiscal Year 20
--Says current level...
UAE transfers $1bn to bolster Pakistan’s forex reserves
The United Arab Emirates (UAE) has transferred $1 billion into the State Bank of Pakistan’s (SBP) account.
According to Radio Pakistan, the transfer of $1bn is the...
BankIslami lost $6m within 23 minutes in cyber attack
--Finance Minister Asad Umar says according to SBP, no other bank had reported hacking of customers' data
--State Minister Hammad Azhar says 6,000 BankIslami accounts...
Mystery shrouds Asad Umar’s resignation rumours
--Finance minister reportedly offered to resign after PM Imran, Tareen criticised him for giving SBP 'free hand' in devaluing rupee
--Finance Ministry statement rejects resignation...
