Trends - State Bank of Pakistan

Pakistan

Pakistan’s current account deficit clocks in at $74m in October

Total imports stand at $5.17bn against $5.35bn in the same period of previous year

Updated 20 Nov, 2023 10:20pm

Markets

SBP allows ASA Microfinance Bank Limited to commence operations nationwide

The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance...

Published 14 Nov, 2023 06:28pm

Markets

SBP, Arab Monetary Fund sign MoU to facilitate cross-border remittances

Pakistan’s Raast and AMF-owned Buna payment systems will be linked to enable real-time, cross-border payments for overseas Pakistanis

Updated 03 Nov, 2023 07:54pm

Perspectives

In order to attract butterflies, we need to build a garden

In the intricate dance of global economics, metaphors often serve as guiding lights, illuminating complex concepts...

Published 01 Nov, 2023 04:30pm

Business & Finance

Exchange companies: SBP gives NOC to Habib Metropolitan Bank

The State Bank of Pakistan (SBP) has issued a no-objection certificate (NOC) to Habib Metropolitan Bank Limited, a...

Updated 30 Oct, 2023 05:11pm

Print

Pakistan set to meet some key targets set by IMF: SBP chief

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad Friday said current policy mix adopted by the government...

Updated 14 Oct, 2023 05:16pm

Business & Finance

Bank deposits in Pakistan are perfectly safe, clarifies SBP

Central bank's statement comes after certain sections of the media, on basis of a statement given by a deputy governor SBP, imply as if bank deposits above Rs500,000 are unsafe

Updated 05 Oct, 2023 10:41pm

Business & Finance

Brokerage house sees interest-rate hike of 150bps as inflation bites

Arif Habib Limited says SBP might consider increasing interest rates as a precautionary measure to address persistently high levels of inflation

Updated 07 Sep, 2023 03:50pm

Business & Finance

SBP says emergency MPC meeting reports baseless

Central bank says premature to forecast future policy rate

Updated 01 Sep, 2023 02:25pm

Markets

SBP-held foreign exchange reserves fall $541mn, stand at $8.19bn

Reserves fall on weekly basis due to due to external debt repayments, says central bank

Updated 27 Jul, 2023 10:49pm

Markets

As expected, SBP-held foreign exchange reserves increase $4.2bn, now stand at $8.73bn

Total liquid foreign reserves now stand at $14.07 billion

Updated 20 Jul, 2023 09:35pm

Pakistan

UAE has deposited $1bn in Pakistan’s central bank: Ishaq Dar

Finance minister says SBP-held foreign exchange reserves have gotten another boost after $2bn inflow from Saudi Arabia

Updated 12 Jul, 2023 07:57pm

Pakistan

Securing refinancing: govt cleared dues of Chinese banks in advance, says Ishaq Dar

Finance minister says $300 million expected from China in 3-5 days

Published 17 Jun, 2023 07:04pm

Pakistan

SBP chief says Pakistan not considering bilateral debt restructuring: Reuters

Development comes after Finance Minister Ishaq Dar's statement on possibility of restructuring bilateral debt

Published 12 Jun, 2023 07:10pm

Markets

SBP-held forex reserves fall $170mn, now stand at $4.04bn

Decline comes due to external debt repayments

Updated 13 Apr, 2023 06:26pm

Pakistan

Finance secretary, AGP summoned by SC for non-provision of election funds

Registrar of the top court says the failure of the federal govt to comply with the order of the court is prima facie disobedience

Updated 12 Apr, 2023 09:35pm

Business & Finance

Import restrictions: Bannu Woollen Mills shuts production for 6 weeks

Cites current economic situation and its effect on the ability of the banks to open LCs for import of raw materials as reason

Updated 22 Mar, 2023 09:32pm

Markets

On back of another Chinese loan, SBP-held forex reserves increase $487mn, now stand at $4.3bn

This is the fourth successive increase in central bank-held reserves on weekly basis

Updated 09 Mar, 2023 09:33pm

Print

Import curbs to be eased after IMF review: SBP chief

Jameel Ahmed says pressure of inflation will remain for two to three months

Updated 09 Mar, 2023 12:37pm

Print

Forex manipulation: SBP governor says probe against banks completed

ISLAMABAD: Governor of the State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday said that the inquiry report...

Updated 09 Mar, 2023 08:55am

Business & Finance

RDA inflows surge to $5.811bn

KARACHI: Inflows under Roshan Digital Accounts (RDA) maintained an upward momentum, rising to $5.8 billion since its...

Published 09 Mar, 2023 06:23am

Print

Overnight Reverse Repo (Ceiling) rate fixed at 21pc

KARACHI: As the State Bank of Pakistan (SBP) has decided to increase “Policy Rate” (Target Rate) from 17 percent...

Updated 03 Mar, 2023 09:00am

Print

SBP decides to convene emergent MPC meeting this week

KARACHI: The State Bank of Pakistan (SBP) has decided to convene an emergency meeting of the Monetary Policy...

Updated 28 Feb, 2023 09:39am

Print

SBP injects Rs1.8trn into market

KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1.8 trillion into the market to provide liquidity to...

Updated 25 Feb, 2023 01:27pm

Print

$700m Chinese loan lands in SBP account

KARACHI: The country has received inflows amounting to $700 million from China to build the sliding foreign exchange...

Updated 25 Feb, 2023 09:01am

Print

Debt, liabilities rise to historical-level of Rs63.9trn

KARACHI: The country’s total debt and liabilities rose to a historical level of Rs 63.9 trillion at the end of the...

Updated 17 Feb, 2023 08:48am

Business & Finance

Forex reserves move up by $162m

KARACHI: The country’s total liquid foreign exchange reserves rose by $162 million during the last week. ...

Updated 17 Feb, 2023 06:38am

Technology

Pakistani fintech AdalFi raises $7.5mn to tackle lending challenges

KARACHI: Pakistani digital lending platform AdalFi said on Thursday it has raised $7.5 million in funding, the first...

Updated 16 Feb, 2023 03:15pm

Print

SBP takes steps aimed at timely realisation of export proceeds

Has decided to initiate necessary action in all those cases where full export proceeds are not realized within prescribed time period as defined Foreign Exchange Manual

Updated 15 Feb, 2023 12:34pm

Print

Monthly remittances slip below $2bn

KARACHI: Monthly inflows of home remittances reached below the $2 billion mark in January 2023 for the first time in...

Updated 14 Feb, 2023 09:06am