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SBP clears confusion over banks’ role in foreign currencies dealings

SBP said there were some confusions regarding the revised instruction in the Foreign Exchange Manual

Non-verified bank accounts to be blocked from today

To facilitate customers, banks remained opened on Sunday as well.  

Banks introduce mobile app for accounts’ biometric verification

Bank customers can now download an app on their phones to complete the biometric verification process at their homes

Here is how and when you can get your ‘Eidi’ notes

This guide has comprehensive information on how, when and from where to get fresh notes for Eidi

Hammad Azhar rebuts Bilawal’s speech in NA, terms it humorous

"Reza Baqir is a Pakistani and holds no other nationality," claimed Azhar.

Govt deliberates shifting all its deposits to State Bank

The SBP asserted that any decision in this regard will be taken after due consultation with all stakeholders

PTI operating 18 fake accounts, alleges Murtaza Wahab

KARACHI: Sindh Government's Information Advisor Murtaza Wahab alleged on Thursday that 18 fake accounts being operated in the name of Pakistan Tehreek-e-Insaf (PTI).  In a...

Economic crisis of Pakistan is ‘over’: Asad Umer

ISLAMABAD: Repudiating the notion of deteriorating economic situation, Finance Minister Asad Umer stated on Tuesday that economic crisis of the country has been 'over'. Speaking...

Govt appoints Jameel Ahmad as deputy governor State Bank

ISLAMABAD: The federal government has appointed Jameel Ahmad on the post of Deputy Governor of State Bank Pakistan. A notification issued by the Finance Ministry...

Pakistan achieved 13-year high GDP growth of 5.8% in FY18: SBP report

Pakistan's economy achieved its 13-year highest real GDP growth of 5.8 percent in FY18, said the annual report released by the SBP.

State bank to issue Rs50 Sir Syed Ahmed Khan commemorative coin

The State Bank of Pakistan has announced to issue a Rs50 coin from October 17 to commemorate Sir Syed Ahmed Khan. Sir Syed Ahmed Khan...

SBP Governor launches tree plantation campaign on Independence Day

KARACHI: State Bank of Pakistan Governor Tariq Bajwa on Tuesday celebrated 71st Independence Day anniversary by planting a tree at the central bank’s headquarters...

Value of Pakistani Rupee remains stable against dollar

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...

SBP to provide new currency notes from June 1; here is how you can get them before Eid

ISLAMABAD/KARACHI: State Bank of Pakistan has launched the SMS service for issuance of fresh currency notes to the general public. HOW YOU CAN GET NEW...

SBP increases key interest rate to 6.5 percent

The State Bank of Pakistan has increased the key interest rate by 50 basis points, taking it to 6.5 percent effective from Monday May 28.

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...

SBP issues fresh banknotes worth Rs168 billion on Eid-ul-Azha 2017

KARACHI: The State Bank of Pakistan issued fresh bank notes of Rs168 billion on the occasion of Eid-ul-Azha 2017. To meet the increasing demand for fresh...

SBP in new monetary policy maintains rate at 5.75pct

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...

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...

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...
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