Trends - State Bank of Pakistan

Markets

SBP-held foreign exchange reserves fall just below $8bn

Central bank attributes decrease in reserves to external debt repayments

Updated 25 Apr, 2024 10:19pm

Markets

RDA inflow registers significant growth of 29%, clocks in at $182mn in March

SBP data conveys total number of RDA accounts opened reached 679,792 from 668,701 a month ago

Updated 25 Apr, 2024 10:40pm

Business & Finance

To cut or not to cut: SBP might opt for caution in monetary policy

Reports by two brokerage houses suggest Pakistan's central bank poised to maintain cautious policy stance

Published 19 Apr, 2024 08:15pm

Pakistan

Pakistan’s inflation deceleration broad-based, says central bank chief

Jameel Ahmad says qualitative improvements in external account allowed the State Bank to more than double its foreign exchange reserves since January 2023

Updated 18 Apr, 2024 10:43pm

Markets

SBP-held foreign exchange reserves see slight decline, stand at $8.04bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) slightly decreased by $0.1 million on a weekly...

Published 15 Apr, 2024 07:44pm

BR Research

Ramazan and the remittance rush

Remittances hold a crucial place in Pakistan’s economy. So crucial that the remittances in Pakistan have been...

Published 15 Apr, 2024 08:12am

Markets

Pakistan’s remittances jump to $3bn in March, up 31.3% MoM

On year-on-year basis, inflow increases 16.4%

Updated 08 Apr, 2024 10:09pm

Markets

SBP-held foreign exchange reserves increase $19mn, now stand at $8.04bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19 million on a weekly basis,...

Published 04 Apr, 2024 07:24pm

Business & Finance

Bank holidays: SBP announces three-day closure for Eid-ul-Fitr 2024

The State Bank of Pakistan (SBP) announced on Thursday a three-day holiday on account of Eid-ul-Fitr. “The State...

Published 04 Apr, 2024 04:26pm

Pakistan

Aurangzeb holds key meeting with SBP governor

Federal Minister for Finance and Revenue Muhammad Aurangzeb on Friday convened a meeting with Governor of the State...

Updated 29 Mar, 2024 10:25pm

Markets

SBP-held foreign exchange reserves gain $4mn, now stand at $8.022bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased marginally by $4 million on a weekly...

Updated 28 Mar, 2024 10:33pm

Markets

SBP-held foreign exchange reserves increase $105mn, now stand at $8.02bn

Total liquid foreign reserves held by the country reach $13.4 billion

Updated 21 Mar, 2024 10:19pm

Markets

Misprinted banknotes: SBP says internal controls being ‘further strengthened’

Clearing the air on the incident of misprinted banknotes, the State Bank of Pakistan (SBP) on Wednesday said...

Updated 13 Mar, 2024 09:42pm

Business & Finance

Ramazan 2024: minimum Nisab fixed at Rs135,179 for Zakat

The government has fixed Nisab for Zakat for the year 1444-45 A.H at Rs135,179 for deduction from savings bank...

Updated 07 Mar, 2024 06:40pm

Pakistan

Election day: banks to remain closed on February 8

Banks in Pakistan will remain closed on Thursday, February 8 on account of it being election day, the State Bank of...

Updated 06 Feb, 2024 08:28pm

Markets

Monetary Policy Committee: SBP issues advance calendar for meetings in January-June 2024

Schedules 4 huddles during six-month period, with first one on January 29

Published 23 Jan, 2024 06:46pm

Business & Finance

SBP’s monetary policy committee to meet on January 29

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, January 29, 2024 to...

Updated 23 Jan, 2024 09:38pm

BR Research

IT exports on a rise

IT exports have been growing consecutively over the past four months. As per the latest data, the IT exports for...

Published 23 Jan, 2024 09:07am

Markets

SBP reserves increase $464mn to reach over 5-month high of $8.2bn

State Bank of Pakistan attributes jump in dollar stockpile to receipt of official Government of Pakistan inflows

Updated 04 Jan, 2024 09:17pm

Perspectives

Auto sector in 2023: advent of EVs and hybrids in Pakistan

The year 2023 signaled a downward spiral for the auto sector. For about half the year, there were restrictions from...

Published 02 Jan, 2024 05:09pm

Print

SBP terms FY23 ‘extraordinarily challenging’

KARACHI: The fiscal year 2023 was extraordinarily challenging, with a host of external and domestic shocks,...

Updated 30 Dec, 2023 08:16pm

Pakistan

Pakistan’s inflation projected to ease to 20-22% for FY24: SBP report

In Governor’s Annual Report 2022-23, SBP chief says central bank will keep inflation expectations anchored to achieve its medium term target of 5-7%

Updated 29 Dec, 2023 08:19pm

Print

Budgetary support during Jul 1-Dec 16, 2023 period: Govt borrowing jumps 200pc to Rs2.876trn YoY

Entire amount was borrowed from the SBP and scheduled banks to finance the fiscal deficit

Updated 27 Dec, 2023 09:54am

Business & Finance

Fake notes of Rs5000: SBP vows to improve regulations

ISLAMABAD: The State Bank of Pakistan (SBP) has assured the Senate Standing Committee on Finance to improve...

Published 20 Dec, 2023 06:00am

Business & Finance

Internal control lapses: Rs90m penalties on erring banks termed ‘peanuts’

ISLAMABAD: The State Bank of Pakistan (SBP) has imposed penalties of Rs90 million on different banks and ...

Published 20 Dec, 2023 06:00am

BR Research

No road leads to 21 percent

Since the beginning of current financial year, the State Bank of Pakistan has maintained the benchmark interest rate...

Published 05 Dec, 2023 07:51am

Business & Finance

Solar panel importers: Banks penalised for failing to check money laundering, over-invoicing

ISLAMABAD: The State Bank of Pakistan (SBP) has imposed penalties on certain banks for not checking massive money...

Published 30 Nov, 2023 04:53am

Markets

Saudi Fund for Development extends term of $3bn deposit for another year: SBP

The $3 billion-deposit agreement was initially signed through the SFD with the SBP in the year 2021

Updated 29 Nov, 2023 09:40pm

Pakistan

Profit repatriation from Pakistan rises massively, stands at $272.5mn in October

Cumulative profit repatriated during July-October FY24 stands at $485.4mn, compared to $71.3mn in same period of previous year

Updated 28 Nov, 2023 07:17pm

Markets

Pakistan’s REER index jumps 7.5% MoM in October, now stands at 98.6

Nominal Effective Exchange Rate Index (NEER) increases 6.5% MoM in October to provisional value of 39.18 from 36.79 in September

Updated 20 Nov, 2023 10:14pm