Tag: State Bank of Pakistan

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...

SBP raises discount rate by 25bps to 10.25%

KARACHI: The State Bank of Pakistan (SBP) on Thursday increased discount rate by 25 basis points to 10.25 per cent for the next two...

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 to sign $3bn support package for Pakistan today

ABU DHABI: Pakistan and the United Arab Emirates will sign a $3 billion support package on Tuesday, as pledged by Abu Dhabi to boost...

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...

National debt rises 21% in a year to Rs26,452bn

Each Pakistani now owes more than Rs127,000 as our national debt – the government’s borrowing – has increased by more than a fifth in...

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...

UAE intends to park $3bn in Pakistan’s SBP

UAE's financial assistance comes at a critical juncture after the central bank received its second tranche of $1 billion from Saudi Arabia last week KARACHI:...

Country’s current A/C deficit shrinks to $6.09bn in July-Nov 2018-19

KARACHI: The Current Account Deficit (CAD), which started sliding from its peak of $18.989 billion in 2017-19, further declined to $6.09 billion in first...