Tag: SBP

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...

Major reforms needed in SBP, FBR to stop money laundering

ISLAMABAD: The finance ministry officials informed its minister Asad Umar that reforms in the State Bank of Pakistan (SBP) and Federal Investigative Agency (FIA)...

Asad Umer briefed by SECP, SBP on FATF action plan

ISLAMABAD: Finance Minister Asad Umar on Wednesday chaired focused meetings with the Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan...

PM Khan says Pak rupee’s decline is temporary

ISLAMABAD: Devaluation of Pak-rupee is a temporary phenomenon, promised Prime Minister Imran Khan on a Private Television interview here on Monday, saying that he...

SBP enhances discount rates by 150 bps to 10%

KARACHI: The State Bank of Pakistan (SBP) on Friday raised the discount rate by 150 basis points to 10 per cent with effective from...

SBP issues ‘Security of Digital Payments’ for banks/MFB

KARACHI: The State Bank of Pakistan on Wednesday issued “security of Digital Payments’ in order to safeguard banks/MFBs and their customers from potential losses...

Pakistan receives $1bn from Saudi Arabia: SBP

KARACHI: A spokesperson from the State Bank of Bank (SBP) said on Monday that Pakistan had received $1 billion from Saudi Arabia as part...

Asad Umar lauds NFIS submitted by SBP

ISLAMABAD: Finance Minister Asad Umar on Saturday chaired a meeting of the Economic Advisory Council’s (EAC) Sub-Groups on National Financial Inclusion Strategy (NFIS) and...

SBP reserves dive $196m, stand at $7.48bn

KARACHI: Foreign exchange reserves held by the central bank continued to spiral downwards for the 12th successive week as they fell 2.55% on a...