Mera Pakistan Mera Ghar: Banks approve Rs180bn loans
- 14-Apr-2022
KARACHI: Banks have approved Rs180 billion worth of loans under Mera Pakistan Mera Ghar Scheme and disbursed Rs66 billion for affordable housing, the State Bank of Pakistan (SBP) said on Thursday. The central bank in a statement said commercial banks received applications for housing finance amounting to Rs409 billion till April 11, 2022, which is […]
Overseas Pakistanis send home $2.2 bn in Feb
- 11-Mar-2022
KARACHI: Remittances sent home by Overseas Pakistanis in February 2022 increased by 2 per cent compared to Jan 2022, according to data shared by the State Bank of Pakistan (SBP). Workers’ remittances clocked in at $2.2 billion in Feb 2022, above the $2 billion mark for a 21th consecutive month. Also Read: State Bank of […]
‘Good news’: SBP gets $3 billion from Saudi Arabia
- 04-Dec-2021
KARACHI: The State Bank of Pakistan (SBP) received on Saturday $3 billion from Saudi Arabia under a support package signed between Pakistan and the kingdom. Adviser to the Prime Minister on Finance Shaukat Tarin confirmed the kingdom has deposited the loan amount with the country’s central bank. “Good news, US$3 billion Saudi deposit received by […]
SBP denies ‘fake news’ regarding cyber attack on nine banks
- 01-Nov-2021
KARACHI: The State Bank of Pakistan (SBP) Monday denied reports of cyber security attacks on nine banks of the country and said that no bank other than the National Bank of Pakistan (NBP) faced a cyber attack, ARY NEWS reported. In a series of messages shared from its Twitter handle, the central bank while rejecting […]
Workers’ remittances grow 27pc in August
- 10-Sep-2021
KARACHI: Workers’ remittances maintained their strong momentum for the fifteen consecutive month in August as Pakistanis working abroad sent home $2.66 billion last month. The State Bank of Pakistan (SBP) said, “this is the sixth consecutive month when inflows recorded [at] around $2.7 billion on average, and the fifteen consecutive month they have been above […]
SBP reserves hit historic high of $20.14bn
- 02-Sep-2021
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $2.56 billion on a weekly basis, hitting an all-time high of $20.145bn. The foreign reserves held by the State Bank were recorded at $20.145bn on August 27, a weekly report on the country’s reserves position released by the central bank showed. Overall liquid […]
SBP reserves dip $47m on account of debt repayments
- 26-Aug-2021
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves decreased by $47 million on a weekly basis, data released by the central bank on Thursday showed. On August 20, the foreign reserves held by the central bank were recorded at $17,578.9 million, showing a decrease of $47 million when compared with $17,625.9 million recorded […]
SBP set to launch Roshan Apna Ghar scheme for overseas Pakistanis
- 25-Aug-2021
KARACHI: The State Bank of Pakistan (SBP) will be launching this week a housing scheme named Roshan Apna Ghar for overseas Pakistanis. The central bank in a statement said non-resident Pakistanis can now purchase or obtain financing for a house in Pakistan through Roshan Digital Account. The SBP launched Roshan Digital Account last year on […]
Current account balance posts $773m deficit in July
- 21-Aug-2021
KARACHI: Pakistan’s current account balance (CAB) posted a deficit of $773 million in the first month of the current fiscal year, the State Bank of Pakistan (SBP) said on Friday. In contrast, the central bank said, CAB posted a deficit of $1.6 billion in June 2021. “This deficit is in line with SBP’s expectations of […]
SBP reserves rise to $17.62bn
- 20-Aug-2021
KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves saw an increase of $3 million on a weekly basis, data released by the central bank on Friday showed. On August 13, the foreign reserves held by the central bank were recorded at $17,625.9 million, showing an increase of $3 million when compared with $17,622 […]