Tag: SBP

SME finance by banking industry achieves historic high of over Rs...

KARACHI: SME financing by banks in Pakistan has first time crossed the milestone of Rs 513 billion at the end of calendar year 2018...

Pakistan’s total investment dips by 78.4% to $1.042bn in July-Jan 2018

KARACHI: The country’s total Foreign Investment dipped by 78.4 per cent to $1.042 billion in last seven months of the current fiscal year compared...

DPC and SBP become members of IADI

KARACHI: The Secretariat of International Association of Deposit Insurers (IADI) announced on February 11, 2019 that its Executive Council has decided to admit Deposit...

China finalizes deal to park $2.5bn in SBP to rescue Pakistan

ISLAMABAD: China has agreed to provide $2.5 billion in loans to Pakistan to boost official foreign exchange reserves that are not sufficient to provide...

Pakistan also receives 3rd tranche of $1bn from Saudi Arabia under...

KARACHI: Pakistan also received 3rd tranche of $1 billion from the Saudi Arabia on Friday, the State Bank of Pakistan (SBP) tweeted. The SBP...

UAE gives $1bn to Pakistan under support package

KARACHI: Pakistan has received $1 billion from the United Arab Emirates as the first installment of a $3 billion loan package on Thursday evening,...

SBP denies news item regarding 18 undeclared bank accounts

KARACHI: State Bank of Pakistan (SBP) categorically denies a news item published in a leading English language newspaper relating to the bank accounts of...

SBP facilitates exporters by restoring advance payment facility

KARACHI: The State Bank of Pakistan (SBP) has allowed the Authorized Dealers to effect advance payments upto $10,000/- per invoice on behalf of importers...

SBP receives $1bn 2nd installment of Saudi aid: sources

KARACHI: The State Bank of Pakistan on Friday received another tranche of $1 billion from Saudi Arabia after which the SBP reserves increased to...

Pakistanis remit $9.02bn in July-Nov 2018-19

KARACHI: Overseas Pakistani workers remitted $9.028 billion in the first five months (July to November) of fiscal year 2018-19, showing a growth of 12.56...