Tag: State Bank of Pakistan

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...

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...

FBR issues Rs 8.741bn sales tax refunds to 739 claimants from...

ISLAMABAD: The Federal Board of Revenue (FBR) has released sales tax refunds of Rs 8.741 billion to 739 claimants from five export-oriented zero-rated sectors...

Pakistan prepares a case to seek $7-$8bn from IMF

KARACHI: Pakistan has prepared a case for seeking around $7 to $8 billion from the Washington-based lending agency International Monetary Fund (IMF) and in...

Remittances climb up by 13% to $5.4bm in July-Sept 2018-19

Remittances from Saudi Arabia grew 2.85 percent to $1.263 billion which was the highest source of remittances in the first quarter of FY19 KARACHI: The...