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State Bank

SBP increases monetary policy rate to six percent

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 maintains monetary policy rate at 5.75 pct

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

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…

Jameel Ahmad appointed deputy governor of SBP

KARACHI: The federal government on Tuesday appointed Mr. Jameel Ahmad as Deputy Governor of the State Bank of Pakistan for a period of three years, said a press release issued by the central bank. Mr. Ahmad was presently working as…