Banks allowed to buy dollar from interbank for int'l card-based transactions
The move is expected to reduce open market rate by up to Rs25
Fawad wants SC proceedings against SBP over non-provision of funds for polls
Not holding elections tantamount to sabotaging the constitution
SBP decides against issuing new currency notes this Eid
Widening supply-demand gap is probable cause (Image: AP)
SBP to issue Rs50 commemorative coin to honour constitution
SBP to issue Rs50 commemorative coin to honour constitution
The forex reserves plunged to $ 9.82bn after a decrease of $ 354m
The forex reserves plunged to $ 9.82bn after a decrease of $ 354m
No action against banks yet, for opening LC's on additional prices
No action against banks yet, for opening LC’s on additional prices
Rice exports decline by 20.59% in the current fiscal year
Rice exports reduced by 20.59% on year-to-year basis
Pakistan's liquid foreign reserves rise above $ 10bn
Pakistan’s liquid foreign reserves rise above $ 10bn
SBP issues Rs50 coin to celebrate Senate's golden jubilee
SBP issues Rs50 commemorative coin to celebrate Senate's golden jubilee
SBP raises key interest rate by 300bps, takes it to 20pc
SBP raises key interest rate by 300bps, takes it to 20pc
Next MPC meeting scheduled on March 16, SBP
There are speculations over SBP’s announcement of off-cycle review to raise interest rate
SBP reserves swell to $4bn after $700m injection by China
SBP reserves swell to $4bn after $700m injection by China
Rupee strengthens against dollar
Local currency appreciates by Rs2.1 to end day at 267.34 against greenback, State Bank of Pakistan
SBP held reserves plummet below $3 billion
Total reserves of Pakistan are $8.54 billion after adding commercial banks’ $5.62 billion
Bank's treatment keeps clients economically excluded, SBP Director
If banks do not treat consumers with respect SBP would introduce CBDC, warns Sohail Javaad
Roshan Digital Account totaled $5.686bn by Jan 2023
Remittance inflows were $110 million in January up from $140 million in December, SBP figures
Pakistani rupee hits to new low against dollar in interbank market
Pakistani rupee hits to new low against dollar in interbank market
SBP-held foreign reserves fall to alarming $3.7bn
Rupee witnessed second-highest percentage decline, biggest drop was in October 1998
Interest rate highest in 25-years
Highest interest rate in recent history was 20% on October 22, 1996, lowest was 5.75% on May 23, 2016
Tentative target of Rs1,819bn agri loans set for FY24: SBP governor
Tentative target of Rs1,819bn agri loans set for FY24: SBP governor
Dollar manipulation probe complete, decision to be made on action
Action to be taken against money gained by banks; either fiscal or regulatory, Governor SBP
SBP relaxes importers with one-time convenience
Central Bank advises banks to offer one-time assistance to importers in cash
SBP to determine monetary policy on January 23
Governor Jameel Ahmad will make the announcement one day after the MPC meeting, Central bank
SBP foreign reserves climb $258 million to reach $4.6 billion
Despite severe reserves shortage Govt making payments on int’l debt commitments to avoid default
Karachi's businessmen criticize SBP on LCs crisis
Governor SBP assures all in his power to fix business community’s problems during KCCI, SPCCI visits
CAD drastically drops to $0.4 billion in December, SBP
Comparing Jul-Dec of FY23 to same period of FY22 CAD totaled $3.67 billion against $9.09 billion
SBP issues NOCs for establishing five digital banks
SBP issues NOCs for establishing five digital banks
Pakistan's central bank amends foreign exchange rules to facilitate IT entities, freelancers
Pakistan's central bank amends foreign exchange rules to facilitate IT entities, freelancers
SBP's reserves plummet to perilous low of $4.34 billion
Reserves decrease further $1.23 billion; Commercial banks’ reserves separately at $5.85 billion
SBP grants approval to Pakistan's first agri-fintech app Digitt+
SBP grants approval to Pakistan's first agri-fintech app Digitt+
SBP Governor highlights women's contribution in nation building
SBP Governor highlights women’s contribution in nation building
Old design large size banknotes can't be exchanged post December 31: SBP
Old design large size banknotes can't be exchanged post December 31, says SBP
Pakistan’s foreign exchange reserves drop to alarming level
Pakistan’s foreign exchange reserves drop to alarming level
Debt repayments on track, foreign reserves to increase in 2nd half: SBP Governor
Debt repayments on track, foreign reserves to increase in 2nd half, says SBP Governor
SBP strongly rebuts placement of any restriction on LCs for import of petroleum products
SBP strongly rebuts placement of any restriction on LCs for import of petroleum products
US dollar strikes back as Pakistani rupee tumbles
US dollar strikes back as Pakistani rupee tumbles.
SBP receives $1.5bn from ADB: Finance Minister
The $1.5 billion countercyclical support is part of a significant response package: ADB
Governor SBP calls on Finance Minister Ishaq Dar
Finance Minister terms fiscal, monetary policy coordination vital for sustainable economic growth
Saudi development fund confirms rollover of $3bn deposit for one year
Saudi development fund confirms rollover of $3bn deposit for one year
US dollar continues upward trajectory against PKR in interbank
After August 16, dollar has gained Rs15.10 in the interbank.
RDA inflows reach $5 billion mark in 24 months
Inflows of remittances during the month of August were recorded at $187 million: SBP
Dollar regains value against PKR in interbank
In two days, the greenback has gained Rs2.10 in the interbank.
SBP introduces commemorative banknote to mark 75 years of independence
The note will be available for public issuance from 30th September 2022.
Rupee continues winning streak as dollar plunges in interbank
PKR continued its winning streak in interbank against the US dollar.
Pakistan's economic problems temporary: Finance Ministry, SBP
MoF, SBP highlight economic challenges
IMF's confidence in Pakistan dropped after no-trust motion: SBP
IMF's confidence in Pakistan dropped after no-trust motion:SBP
Selected bank branches to remain open on Friday: SBP
Banks / MFBs should ensure the deployment of minimal number of staff: SBP
SBP issues final instructions on IFRS-9 with extended implementation timelines
SBP issues final instructions on IFRS-9 with extended implementation timelines
Pakistan reserves increase $2,071 million to $16,195.6 million
Pakistan reserves increase $2,071 million to $16,195.6 million
RDA inflows rise to $4.356 billion in May
Expatriate Pakistanis from 175 countries had deposited the funds to 416,837 accounts.
SBP challenges Shariah Court’s ruling to abolish 'Riba' in SC
SBP challenges Shariah Court’s ruling to abolish ‘Riba’ in SC
Pakistan's foreign exchange reserves plunge to lowest level since 2019
The state bank said the decrease came mainly due to external debt repayments.
Number of Roshan Digital Account holders reaches 400,000: SBP
Number of Roshan Digital Account holders reaches 400,000
PM thanks overseas Pakistanis as RDA deposits cross $4.5bln
I thank overseas Pakistanis for reposing their trust in the motherland: PM
Highest ever daily inflows worth $57 mln recorded in Roshan Digital Account: SBP
Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday.
Rupee further weakens as US dollar flies high in interbank
Rupee further weakens as US dollar flies high in interbank
Govt dispels rumours about safety of bank accounts, lockers
Govt dispel rumours about safety of bank accounts, lockers
US Dollar goes up after govt raises fuel prices
On Friday, the US Dollar climbed 36 Paisa in interbank.
Rupee regains value against dollar in interbank
From its peak of Rs 202, dollar is now down by Rs 4.26.
US dollar continues to shed value against Rupee
Days after the government reversed some subsidies on fuel, value of US Dollar is depreciating.
PKR recovers by Rs2.26 against USD in interbank
After the recovery of rupee, dollar is now being sold on 200 after the day started in the interbank.
SBP reduces auto financing period
The maximum tenure of auto finance has been reduced from five years to three years.
RDA inflows rise to $4.167 billion in April
The inflows of remittances during the month of April were recorded at $245 million.
Dollar flies high, rises over 60 paisas in Inerbank
After its increase of 60 paisas in the Interbank, Dollar is now at Rs.200 and 60 Paisas.
Forex reserves touch 28-month low
SBP shows, the reserves held by the central bank decreased to $10.3 billion in a week.
US Dollar hits all time high at Rs190 in interbank trade
US Dollar hits all time high at Rs190 in interbank trade
SBP announces bank timings with 5 working days
The above timings will continue until modified or withdrawn: SBP
Dr. Murtaza Syed assumes office of acting Governor of SBP
he has more than 20 years of experience in macroeconomic research and policy making.
Dr Murtaza Syed to assume charge as SBP Governor on Friday
Dr Murtaza Syed has more than 20 years of experience in macroeconomic research and policy making.
Murtaza Syed to take over as Governor SBP as Reza Baqir's term ends
Reza Baqir's term as SBP governor ends as govt decides against extension
Reza Baqir's term as SBP governor ends as govt decides against extension
Dr Baqir was appointed as the governor of the central bank by President Arif Alvi on May 4, 2019.
Govt decides against granting extension to Dr Reza Baqir as SBP Governor
Govt decides against granting extension to Dr Reza Baqir as SBP Governor
Banks to remain open this Saturday ahead of Eid holidays: SBP
The general public is encouraged to undertake their banking transactions on Saturday: SBP
Federal Shariat Court declares country's interest-based financial system un-Islamic
The government should remove the word "interest" from every law, the order said.
Pakistan's current account deficit reaches $1bn in March
The current account balance is a key figure for Pakistan's economy.
FDI drops by 2pc in nine months of FY22
China remained the largest investor with net flows of $334 million.
Talks with IMF to start from Tuesday
The successful meeting will help Pakistan to procure the tranche of $1 billion from IMF.
Islamic banking assets recorded highest ever growth of Rs1.3 trillion in CY21: SBP
The Islamic Banking Industry reached new peaks during CY21 as its assets surpassed the 5 trillion
Digital payments continue brisk growth during 1QFY22: SBP
Two major areas with high adoption are mobile and internet banking.
SBP enhances agriculture credit limits to meet farmers input requirements
This will also enable banks to align the loan amounts with the actual requirements of farmers: SBP
Governor SBP receives monthly salary of Rs2.5 million
The governor is also entitled to free landline/mobile phones and internet access.
SBP introduces instant, free person-to-person payments under Raast
SBP introduces instant, free person-to-person payments under Raast
Yousuf Raza Gillani sends resignation as Senate Opposition Leader to PPP
I was not taken into confidence for State Bank Amendment Bill: Gillani
Fawad Ch expresses pleasure over passage of SBP Bill by Senate
The information minister said with the help of God Almighty, this journey of success will not stop.
SBP hosts event on 'Digital Banks – A New Era in Pakistan'
SBP issued “Licensing and Regulatory Framework for Digital Banks” earlier this month
SBP digitizes refinance process of EFS
Initially, digitized process of EFS cases will run in parallel with existing manual submission: SBP
SBP has been handed over to IMF: Hamza Shahbaz
Hamza Shahbaz lashed out at the Pakistan Tehreek-e-Insaf (PTI) government on Friday
NA passes SBP (Amendment) Bill-2022 amid opposition's protest
The bill was tabled by Minister for Finance and Revenue Shahukat Train.
Basic economic indicators kept under control even in pandemic: Governor SBP
Reza Baqir said that Ehsaas Cash Program has been recognized at international level.
SBP will remain under control of govt: Finance Minister
IMF asked government to stop borrowing money from the State Bank: Finance Minister
Housing, construction finance jumps to Rs355bn in CY21: SBP
The central bank said that financing under MPMG picked up momentum in 2021.
SBP's Compendium on banking shows 16.9pc growth in deposits in 1QFY22
SBP's Compendium on banking shows 16.9pc growth in deposits in 1QFY22
SBP governor terms I-SAAF scheme a game changer for SMEs
Dr Baqir highlighted that with the objective of stimulating sustainable economic growth of country
SBP sets Rs 1.7 trillion agriculture credit target for FY22
SBP sets Rs 1.7 trillion agriculture credit target for FY22
SBP to launch new initiative 'Asaan Mobile Account' on Monday
The customers would be able to open and operate their accounts from home.
SBP revises prudential regulation for Microfinance Banks
SBP revises prudential regulation for Microfinance Banks
$3 billion Saudi deposit received by SBP: Shaukat Tarin
I want to thank Crown Prince Mohammed Bin Salman and Kingdom of Saudi Arabia: Tarin
Sustainable growth is our goal: Reza Baqir
SBP Governor Reza Bqir said that our growth will be 5 percent this year
Pakistan's remittances in October rise 10pc to $2.5bn
The remittances have risen to $10.6bn so far in FY22.
Roshan Digital Accounts: Inflows reach $2.67bn in 14 months
The amount arrived from 175 countries with 273,411 accounts
USA, China, UK remain top three destinations of Pakistani exports
Total exports to the USA during July-September (2021-22) were recorded at US $1565.343 million
'KSA placing $3bn with SBP, providing $1.2bn oil finance to help Pakistan in balance of payment'
The minister in a tweet thanked the Crown Prince and Kingdom of Saudi Arabia for this kind gesture.
PM thanks Saudi Crown Prince for $3bln deposit in State Bank
Saudi Arabia supports Pakistan in difficult times: Imran Khan
Pakistan, IMF deadlock over rupee devaluation, tax exemption persists
The IMF demanded Pakistani authorities to take immediate action to do more to devalue the green back
Digital payments remain on upward trajectory in FY21: SBP
The same trend was reflected in e-commerce transactions as well.
Overseas Pakistanis benefitted from surge in dollar rate: Governor SBP
Reza Baqir said that talks with the International Monetary Fund (IMF) are going on smoothly.
SBP eases financing conditions for renewable energy solution providers
A shariah complaint version of the scheme was introduced later in the year as well.
SBP imposes 100pc cash margin requirement on import of additional 114 items
Cash margins are the amount of money an importer has to deposit with its bank
Banks to observe extended banking hours on 29th and 30th September
All banks are advised to keep their concerned branches open: SBP
Steady rise in RDAs reflects confidence of overseas Pakistanis on Govt's policies: PM
SBP Governor said that so far 2.3 billion dollars have been transferred through RDA from abroad.
SBP raises policy rate by 25 basis points to 7.25 percent
The SBP said year-on-year inflation fell from 9.7pc in June to 8.4pc in both July and August.
SBP enables Pakistanis to open bank accounts through digital channels
SBP said that this initiative would also help in achieving bank's financial inclusion objectives.
Pakistan receives $2.66 billion remittances in August
This is the sixth consecutive month when inflows recorded around $2.7 billion on average
Applications of Rs154bn under MPMG received by banks: SBP
Bank lending for affordable housing gains momentum
RDA inflows reach $2.114 billion in August
Inflow during the month of August was recorded at $244 million compared to $307 million in July
Pakistan's forex reserves increase to $20.15 billion
The forex reserves held by the central bank touched the historic level of $20,145.6 million
Over 63% surplus witnessed in Pak-US trade: SBP
The overall exports to USA were recorded at $503.118 million during July (2021-22)
'SBP address concerns over sale of third party products by banks'
SBP has issued a comprehensively revised set of instructions on the sale of third party products.
'Roshan Apna Ghar' another great initiative for overseas Pakistanis: Faisal Javed
"Hats off to our overseas Pakistanis for their phenomenal response."
Pakistan receives US$2.75 billion from IMF
"SBP has received US$2.75bn from IMF, as part of SDR allocation announced by IMF recently."
Pakistan's regional exports increase 20.50pc in July 2022
China tops the list of countries in terms of Pakistan’s exports to its neighbours
Current account deficit likely to be 2 to 3 percent this year: Reza Baqir
The SBP Governor said IMF allocations to take forex reserves to historic high level
Agriculture Credit disbursement remains resilient despite Covid-19 challenges: SBP
The outstanding agricultural credit stood at Rs628 billion as on end June 2021
2.68 percent surplus witnessed in Pak-Germany trade: SBP
The overall exports to Germany were recorded at $1511.227 million during July-June (2020-21)
SBP to announce Monetary Policy on July 27
The bank is likely to keep the Interest rate unchanged at 7 percent.
USA, UK, China top three destinations of Pakistani exports during FY 2020-21: SBP
The total exports to the USA during July-June (2020-21) were recorded at US $ 5029.400 million
Current Account posts 10 years' record low deficit of $1.85 bn in FY21
The current account deficit was 6.1 percent of GDP in FY18 and 4.1 percent of GDP in FY17
SBP receives $1bn against Eurobond issue
Pakistan had floated different tenors Eurobonds worth $1 billion.
SBP asks banks to augment consumer grievance handling mechanism
Banks have also been advised to send awareness SMS messages
Workers' remittances soar all time high to $29.4 bn in FY21
Remittance inflows during FY21 were mainly sourced from Saudi Arabia.
Financial System exhibited resilience amid COVID-19: SBP
The FSR highlights that CY20 was a challenging year for the financial sector as COVID-19
Congratulation to NCOC, Ehsaas team and SBP for effective response to Covid-19: PM
With a score of 84.4, Pakistan ranks third amongst fifty countries.
Pak-China imports remained top among other countries: SBP
The total imports from China during July-May (2020-21) were recorded at $11454.962 million
SBP launches web page to disseminate updated data of Roshan Digital Account
Since its launch, Roshan Digital Account has attracted significant interest from overseas Pakistanis
SBP amends foreign exchange regulations
The central bank has introduced changes in foreign exchange regulations.
SBP reserves increase $13m to $16,119.4m
The total liquid foreign reserves held by the country stood at US $23,297.4 million.
SBP announces bank holiday on July 1
Employees of the banks/ DFIs/ MFBs will attend the office as usual
Around 40pc of RDA funds invested in Naya Pakistan Certificate: SBP
The RDA accounts opened in June 2021 stood at 21900 whereas in May as many as 31000 accounts
Around 40% of RDA funds invested in Naya Pakistan Certificate: SBP
An amount of $15 million, just one percent of the total was utilized in stock market
Digital transactions continue to show robust growth in Q3 FY21: SBP
During Q3FY21, bank customers performed 309.5 million e-Banking transactions.
Investment in Naya Pakistan Certificates surpasses $1bn: PM Imran
Accounts & deposits have set new records since the $1 bn event 2 months ago: PM
SBP Governor updates Shaukat Tarin on progress of different policy initiatives
Dr Reza Baqir said Central Bank is fully committed to assist the process of economic growth
SBP proposes framework for Pakistani exporters to sell products on ecommerce websites
SBP proposes framework for facilitating Pakistani exporters.
Pakistan records remittances of $2.5b in May
Remittances extended their record run of above $2 billion in May: SBP
Reason for inflation is not interest rate but supply issues: Reza Baqir
The SBP governor said that the monetary policy is fully supporting the economic growth
SBP keeps interest rate unchanged at 7 percent
MPC was encouraged by the further upward revision in the FY21 growth forecast to 3.94 percent.
Pakistani imports from China remains top among other countries during 10 months: SBP
The total imports from China during July-April (2020-21) were recorded at $10312.089 million
Pakistan posts Current Account Deficit of $200mn in April: SBP
Cumulative surplus in the current account balance stood at $800 million in the first ten months: SBP
ATM monitoring during Ramadan, Eid-ul-Fitr bears substantial results
ATM monitoring during Ramadan, Eid-ul-Fitr bears substantial results
SBP introduces advance calendar of MPC meetings
The MPC would convene the last meeting of the calendar year 2021 on Friday, November 26.
PM thanks overseas Pakistanis for sending record remittances during 10 months of FY21
Thank you for your faith in Naya Pakistan: PM Imran
'Pakistan's economy on solid growth path; has potential to grow at faster pace'
Pakistan is one of the few countries that reduced fiscal deficit despite the Covid challenge
SBP appreciated for paying attention to KCCI's demand, keeping banks operational on May 10, 11
President KCCI said SBP’s move would certainly give some breathing space to the exporters
New schemes for SMEs to accelerate credit uptake ratio up to 30%: Raza Baqir
The finance minister lauded the scheme and affirmed to provide the seed money for the scheme.
Financing for sustainable development need of the hour: Reza Baqir
Dr Baqir stated that the Pakistan faces challenge as a result of climate change
Banks to remain open on Saturday: SBP
State Bank announced that it will remain closed from 10th to 15th May, 2021
SBP asks banks to expedite processing of applications of Mera Ghar housing scheme
The banks and DFIs were further advised to adopt appropriate measures to resolve complaints
CDNS obtains free deposit of Rs 670bn in last 3 quarters
The CDNS had set Rs352 billion annual collection target for the year 2019-20
