Tag: State Bank of Pakistan

SBP raises discount rate by 150bps through monetary policy

KARACHI: The State Bank of Pakistan (SBP) on Monday enhanced the policy rate/discount rates by 150 basis points to 12.25 per cent with effective...

After touching Rs 147, Dollar closes at 146.52 in Interbank market

KARACHI: The US dollar touched an all-time high of Rs 147 in the interbank market on Thursday morning, but it closed at Rs 146.52...

SBP’s reserves dip 2.4% to $9bn

KARACHI: The foreign exchange reserves held by the central bank declined 2.4% on a weekly basis, according to data released by the State Bank...

New mechanism to move Govt deposits to SBP under single account...

KARACHI: Pakistan Government has drafted a proposal to introduce a Treasure Single Account (TSA) to transfer its deposits that are currently being maintained with...

Overseas Pakistanis remit $16.1bn in July-March 2018-19

KARACHI: Overseas Pakistani workers remitted $16.096 billion in the first nine months (July to March) of 2018-19, showing a growth of 8.74 per cent...

SBP increases policy rate by 50bps to 10.75%

KARACHI: The State Bank of Pakistan (SBP) on Friday increased the policy rate by 50 basis points (pbs) to 10.75 per cent to be...

SBP receives $2.2bn under Chinese loan arrangement

Finance Minister Asad Umar said that hopefully, International Monetary Fund will soften its conditions for the bailout package to Pakistan, ahead of the IMF...

SBP cuts GDP growth projection to 3.5-4%, says inflation likely to...

Fiscal deficit continue to stay high despite cut in development spending, says SBP KARACHI:  The fiscal deficit continued to stay high despite a sharp cut...

State Bank receives 2nd tranche of $1bn from Abu Dhabi Fund

KARACHI: The State Bank of Pakistan (SBP) on Tuesday received $1 billion from Abu Dhabi Fund under an agreement to boost the foreign exchange...

Low-cost housing project: SBP to offer 90% loan: Tariq Bajwa

ISLAMABAD: The governor State Bank of Pakistan (SBP) Tariq Bajwa on Monday announced that the bank would provide 90 per cent loan for construction...