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State Bank

Value of Pakistani Rupee remains stable against dollar

4 months, 10 days ago
KARACHI: Pakistani rupee showed stability against US dollar in the inter-bank market on Tuesday compared with Monday’s close of Rs115.5/115.7. The rupee remained constant against the dollar at Rs115.5/115.7 As per Central bank report,…

SBP increases monetary policy rate to six percent

8 months, 21 days ago
KARACHI: The State Bank of Pakistan on Friday decided to raise the monetary policy by 25 bps to six percent, in order to preempt overheating of the economy and inflation breaching its target rate, considering that the policy decision would…

SBP in new monetary policy maintains rate at 5.75pct

1 year, 2 months ago
KARACHI: State Bank of Pakistan on Saturday released the first monetary policy for the new fiscal year 2017-2018, and decided to maintain the policy rate at 5.75 percent, The Monetary Police Committee took the decision after strong…

SBP maintains monetary policy rate at 5.75 pct

1 year, 4 months ago
KARACHI: The monetary policy committee of the State Bank of Pakistan on Saturday decided to keep the policy rate unchanged at 5.75 percent, said the real GDP growth in Fiscal Year 2017 is provisionally estimated at 5.3 percent representing…

Bank of China given licence to operate in Pakistan

1 year, 5 months ago
ISLAMABAD: State Bank of Pakistan (SBP) on Saturday granted Bank of China a licence to operate in the country to ease the financial requirements of Chinese-led "Belt and Road" projects. "The Bank of China aims to provide differential and…