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Dr. Reza Baqir

Why Rs75 currency plain note carrying the signature of a former governor: clarification

KARACHI: The signature of former governor State Bank of Pakistan (SBP) Dr. Reza Baqir on the Rs 75 commemorative...

Published 16 Aug, 2022 03:59am

Business & Finance

Inflation and external stability: Policy rate hiked to 12.25pc at MPC emergency meeting

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) in its emergency meeting, held on...

Updated 08 Apr, 2022 10:25am

Banks asked to ensure security of deposits, data

President Dr Arif Alvi presides over a meeting with various heads of banks as well as State Bank of Pakistan

Updated 30 Mar, 2022 10:04am

Mera Pakistan Mera Ghar Mela: Rs7.4bn loans: banks grant ‘spot conditional approvals’

KARACHI: Banks granted on-spot conditional approvals of Rs7.4 billion house financing loans in the first Mera...

Updated 22 Mar, 2022 09:53am

Business & Finance

Baqir links financial inclusion to focus on excluded segments

KARACHI: National Institute of Banking and Finance (NIBAF), a subsidiary of State Bank of Pakistan (SBP), and...

Published 11 Mar, 2022 05:12am

Business & Finance

SBP issues unified QR code to accelerate digital payments

KARACHI: In order to accelerate digitization of retail payments, the State Bank of Pakistan (SBP) has issued...

Published 03 Mar, 2022 04:39am

Business & Finance

Digital banks to play key role in promoting financial inclusion: SBP governor

KARACHI: Dr Reza Baqir, Governor State Bank of Pakistan (SBP), Friday, said that digital banks will play a key role...

Updated 22 Jan, 2022 07:18pm

Asaan Mobile Account unveiled

KARACHI: The State bank of Pakistan (SBP) Monday launched the Asaan Mobile Account (AMA) aimed at promoting digital...

Updated 14 Dec, 2021 10:08am

CAD, inflation: Interest rate hiked by 25 bps to 7.25pc

KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has announced to raise the key...

Updated 21 Sep, 2021 10:05am

Business & Finance

Baqir praises SECP’s role in promoting business

ISLAMABAD: Dr. Reza Baqir, Governor State Bank of Pakistan (SBP), said that the Securities and Exchange Commission ...

Published 10 Sep, 2021 04:41am

Business & Finance

UBG urges PM to help arrest rupee 'slide'

KARACHI: President of United Business Group (UBG) Zuabir Tufail has urged Prime Minister Imran Khan and Governor...

Published 05 Sep, 2021 04:26am

Business & Finance

Foreign exchange cases: SBP completes digitization of regulatory approval system

KARACHI: The State Bank of Pakistan (SBP) has completed digitization of the Regulatory Approval System for foreign...

Published 24 Aug, 2021 05:02am

Kamyab Pakistan Programme: SAPM identifies several 'flaws' in lending plan

ISLAMABAD: Special Assistant to Prime Minister on Social Protection and Poverty Alleviation, Dr Sania Nishtar has...

Updated 16 Aug, 2021 10:40am

Markets

SBP hopes to boost investment in Pakistan: Raza Baqir

As the third wave continues to disrupt economies worldwide, Pakistan’s economy has a lot going on in its favour this time, according to the Dr. Raza Baqir, Governor of the State Bank of Pakistan (SBP) in an online session with Nest I/O.
Dr. Raza Baqir explained how the country’s demographic profile, growing mobile penetration rate, and positive economic indicators, especially during the COVID-19 pandemic, have contributed to an increase in investments.

Published 01 May, 2021 10:34am

SBP keeps policy rate unchanged at 7pc

KARACHI: While, noting the uncertainty around the inflation and growth outlook, the Monetary Policy Committee (MPC)...

Updated 20 Mar, 2021 02:29pm

Women’s financial inclusion: SBP taking certain initiatives: Baqir

KARACHI: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir Monday said the SBP is fully facilitating women...

Published 16 Mar, 2021 04:43am

Business & Finance

PM launches Pakistan's first instant Digital Payment System 'Raast'

Use of cash promotes informal economy and helps illegal activities, on the other hand by using the Raast one is doing the right thing by transacting using formal digital Financial Service and contributing to Pakistan's economy.
SBP along with Karandaaz Pakistan has developed this new system for processing instant payments.
The Prime Minister in his address said a cash-based economy is the biggest hurdle in tapping the true potential of Pakistan.

Updated 11 Jan, 2021 06:17pm

Business & Finance

SBP to launch world class ‘Raast’ payment system next week: Kamil

“From Monday onwards, the central bank will initiate a new payment system called ‘Rast’, as we believe this a right way forward for the country,” said Kamil.
Kamil informed that the upcoming payment system has been implemented in advanced countries i.e. UK and Australia.

Updated 11 Jan, 2021 03:29pm

Pakistan

PM for continuity of steps to ensure reduction in prices of daily use items

The prime minister was apprised of the reduction in prices of sugar and flour, besides the positive effects of substantial price reduction of potato, onion and chicken.

Published 31 Dec, 2020 12:57am

Pakistan

SBP launches consultation to increase financial inclusion of women

The webinar was attended by diverse local and international stakeholders representing public offices, international agencies, banks and associations.

Published 22 Dec, 2020 01:48am

Pakistan

SBP Governor lauds NAB's corruption elimination efforts

The performance of NAB has also been appreciated by reputed national and international institutions.

Published 17 Dec, 2020 07:26pm

Pakistan

ECC approves policies for mobile device, electric vehicle manufacturing, removes 4pc tax on local phone production

Moreover, removal of Sales Tax on locally manufactured phones was also approved in principle and modalities would be worked out in consultation with the Finance Division.

Updated 16 Dec, 2020 09:34pm

Pakistan

President appreciates SBP, other banks for financial inclusion of disabled

The meeting took stock of the progress on decisions made for improving the accessibility infrastructure for persons with disabilities, said SBP statement here.

Updated 04 Dec, 2020 09:33pm

Markets

First time forex rates movement is both ways: SBP Governor

He said SBP was taking appropriate and timely actions to address the ever-changing economic environment.

Published 10 Nov, 2020 11:56pm

Markets

New SBP policy on ECIB soon, says Dr Reza Baqir

The SBP Governor said the State Bank was focusing on Digital Financial Services (DFS) and was bringing a system where payments would be done in seconds.

Published 06 Nov, 2020 11:23pm

Markets

SBP’s policy initiatives amid COVID provided stimulus of around Rs 1.6tr: Baqir

The country’s central bank head in the State Bank of Pakistan Annual Report FY20 was of the view that despite numerous challenges during FY20, Pakistan’s economy performed relatively better, particularly on the external and fiscal fronts.

Published 31 Oct, 2020 11:11am

Pakistan

SBP Governor for joint efforts to fight cancer

Around 90,000 new breast cancer cases were reported every year during immediate past years and about 50 percent of those patients lost their lives.

Updated 28 Oct, 2020 07:53pm

Pakistan

SBP keeps policy rate unchanged at 7pc

“The State Bank of Pakistan’s MonetaryPolicy Committee met today under the chairmanship of Governor #SBP Dr. Reza Baqir and decided to keep the policy rate unchanged at 7 percent,”

Published 21 Sep, 2020 05:44pm

Business & Finance

Monetary Policy Committee to meet on Monday

SBP Governor Dr Reza Baqir will give a press conference after the meeting.

Published 16 Sep, 2020 11:47am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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Dr. Reza Baqir

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