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All Stories: State Bank

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...

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...

State Bank to issue Rs50 coin in the memory of Abdul Sattar Edhi

KARACHI: State Bank of Pakistan (SBP) has announced to issue Rs50 Commemorative Coin on Friday in memory of famed philanthropist late Abdul Sattar Edhi,...

SBP maintains interest rate at 5.75 percent

KARACHI: In widely expected move, State Bank of Pakistan has decided to keep the interest rate unchanged at 5.75 percent for the next two...

Remittances decline during seven months of fiscal year

KARACHI: The remittances sent by overseas Pakistanis have declined during the first seven months of the current fiscal year (July-Jan). The State Bank of Pakistan...

Foreign investment increases by 44 percent in fiscal year

ISLAMABAD: The net foreign investment in Pakistan has increased by more than 44 percent in the first seven months of the current fiscal year...

Pakistan ‘war on terror’ has cost $118 bn: state bank

KARACHI: Pakistan's "war on terror" has cost the country a whopping $118 billion so far, a new central bank report has said, an amount...

Resolution in Senate opposes shifting of SBP depts to Lahore

ISLAMABAD: A resolution has been submitted by the Muttahida Qaumi Movement (MQM) in the Senate secretariat expressing concern over government move to shift any...

Shifting four SBP sections to Lahore a conspiracy: PPP leaders

KARACHI: Pakistan People’s Party (PPP) leaders Syed Najmi Alam, Nadeem Bhutto and Lateef Mughal have condemned federal government over the decision of shifting of four key sections of State Bank of Pakistan (SBP) to Lahore.

SBP orders provision of mobile ATMs near cattle markets

KARACHI: State Bank of Pakistan has issued directives to the commercial banks to ensure presence of mobile Automated Teller Machines (ATM) near cattle markets and cash in these machines.

Interest rate to remain unchanged at six percent: SBP

KARACHI: State Bank of Pakistan (SBP) on Saturday announced its new monetary policy in which it was stated that the interest rate will remain unchanged at 6.0 percent.

Reserves rise to $20.51 billion: SBP

KARACHI: The total liquid foreign reserves held by the country stood at US$20.51 billion on 22January2016.The break-up of the foreign reserves position is as under:-

Remittances rise 6.26% to $9.7bn in six months

KARACHI: Overseas Pakistani workers remitted US $ 9735.31 million in the first six months (July to December) of FY16, showing a growth of 6.26 % compared with US $ 9162.16 million received during the same period in the preceding year.

SBP keeps policy rate unchanged at 6pc

KARACHI: The State Bank of Pakistan has decided to keep its policy rate unchanged at 6 percent.

Workers’ remittances rise to $6.5bn in the first four months: SBP

ISLAMABAD: The State Bank of Pakistan on Tuesday said overseas Pakistani workers remitted US $ 6506.50 million in the first four months (July to October) of FY16, showing a growth of 5.21% compared with US $ 6184.34 million received during the same period in the preceding year.

Rupee in line with economic fundamentals, says SBP

KARACHI: The State Bank of Pakistan says Pak Rupee has once again been facing speculative pressures for couple of days due to some recent newspaper articles criticizing external borrowing of government and the quality of reserves of the country. 

SBP spent Rs 6.69 bn to print notes during FY 2015, says annual performance report

ISLAMABAD: The Central Board of Directors of the State Bank has approved the financial statements and annual performance review on the working of the Bank and its subsidiaries for the year ended June 30, 2015.

State Bank of Pakistan to launch Urdu website

KARACHI: The State Bank of Pakistan has said it will soon launch an Urdu website following Supreme Court’s order to implement Urdu as official language across the country.

SBP releases Pakistan’s Liquid Foreign Reserves Position

The total liquid foreign reserves held by the country stood at US$18,508.7 million on August 21, 2015.The break-up of the foreign reserves position is as under:
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