Tag: state bank of pakistan

Liquid foreign reserves decrease by $117m to reach $19,746.3m

  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...

NA passes bill to further amend State Bank of Pakistan Act,...

  The National Assembly on Monday passed a bill to  further amend the State Bank of Pakistan Act, 1956 (The State Bank of Pakistan (Amendment)...

SBP issues payment standardization guidelines

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

SBP reiterates its policy for Islamic Banking’s promotion

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

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,...

Govt misses most economic targets, says SBP report

Real GDP growth was 4.1pc against target of 4.4pc – agriculture 2.1pc against target of 3.8pc and services 4.3pc against 4.6pc and inflation 8.6pc...

Interest rate likely to remain unchanged

  The State Bank of Pakistan is unlikely to change the interest rate when it unveils its Monetary Policy for the next two months tomorrow...

Qadri withdraws currency notes defacing directive after SBP snub

*PAT chief instead asks his followers to mark social media posts with ‘Go Nawaz Go’ slogans Pakistan Awami Tehreek (PAT) Chairman Dr Tahirul Qadri Monday...

India owes Pakistan more than Rs 5.6b!

State Bank of Pakistan believes India has yet to cough up money equivalent to the present-day value of assets that the Reserve Bank of India...

Pakistan tightens rules on Islamic banking windows

Pakistan's central bank has issued new rules for the operation of Islamic banking windows, aiming to strengthen their role in the world's second-most populous...

Security, structural weaknesses haunt economy, says SBP

The State Bank of Pakistan (SBP) on Wednesday observed that growing security concerns and persistent structural weaknesses continue to impede the country's economic growth...

IMF conditions will topple country’s fragile economy: PEW

The Pakistan Economy Watch (PEW) said on Sunday that the tough conditions of the International Monetary Fund (IMF) will deal a death blow to...

SBP injects Rs 642.65b into money market

The State Bank of Pakistan (SBP) on Friday injected Rs 642.65 billion into the money market through a seven-day reverse repo to help banks...

Maqbool takes helm of MCB Bank

Imran Maqbool, a former Bank of America’s official, took the held of the MCB Bank as the banks’ president and Chief Executive Officer, it...

SBP chides cash-strapped govt over violating fiscal discipline

Friday’s monetary policy announcement for the next two months by the State Bank of Pakistan (SBP) is indicative of the market speculations that inflation...

SBP extends validity of refinance schemes by one year

State Bank of Pakistan (SBP) Thursday extended the expiry date of the refinance facility for modernisation of Small and Medium Enterprises (SMEs), refinance scheme...

Is Pakistan paying 20% more to IMF?

The constant value depreciation of rupee against dollar has raised the International Monetary Fund (IMF) loan by 20 to 22 percent, say sources. The government...