Trends - State Bank of Pakistan

Business & Finance

SBP lowers FY23 growth forecast

KARACHI: Taking into account the destruction caused by floods and the policy focus on stabilization, the State Bank...

Published 22 Dec, 2022 05:57am

Business & Finance

July-Nov services sector deficit falls over 50pc to $865m YoY

KARACHI: Services sector is presenting an improved picture with some 50 percent decline in the trade deficit during...

Updated 21 Dec, 2022 10:14am

Print

What’s actually behind PKR’s woes?

KARACHI: The rupee may have depreciated only 0.24% in the inter-bank market, according to State Bank of Pakistan...

Updated 19 Dec, 2022 10:43am

Print

Jul-Nov FDI declines 51pc to $430m YoY

KARACHI: Foreign Direct Investment (FDI) recorded negative growth and declined by 51 percent during the first five...

Updated 17 Dec, 2022 10:02am

Business & Finance

Jul-Nov CAD shrinks 57pc YoY

KARACHI: The country’s current account deficit shrank 57 percent during the first five months of this fiscal year...

Updated 17 Dec, 2022 09:54am

Business & Finance

Forex reserves stand at $6.7bn

KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves did not record any major change during the...

Published 16 Dec, 2022 07:31am

Business & Finance

D-SIBs: SBP announces designation for 2022

KARACHI: The State Bank of Pakistan (SBP) has announced the designation of D-SIBs for the year 2022 under the...

Published 16 Dec, 2022 07:28am

Print

Agri credit target raised to Rs1.8trn: Rs511bn Kissan Package notified

ISLAMABAD: The Ministry of National Food Security and Research (MNFS&R) has notified Rs 511 billion Kissan...

Updated 16 Dec, 2022 09:36am

Print

Consignments stuck at ports: MoC to hold talks with SBP

ISLAMABAD: Commerce Ministry has decided to hold a detailed meeting with State Bank of Pakistan (SBP) to sort issues...

Updated 15 Dec, 2022 09:57am

Business & Finance

Old-design banknotes can’t be exchanged after 31st

KARACHI: The State Bank of Pakistan (SBP) has announced on Tuesday that old design large size banknotes cannot be...

Published 14 Dec, 2022 06:55am

Print

SBP amends D-SIBs Framework

KARACHI: The State Bank of Pakistan (SBP) has made amendment in Domestic Systemically Important Banks (D-SIBs)...

Updated 13 Dec, 2022 09:35am

Pakistan

End of FY23: JPMorgan has penciled in another 400bps rate-hike, but experts disagree

Market experts disagreed with JPMorgan, a leading global financial institution that penciled in an interest rate...

Published 10 Dec, 2022 04:45pm

Print

ECs: SBP further tightening data reporting mechanism

KARACHI: The State Bank of Pakistan (SBP) is further tightening the data reporting mechanism for Exchange Companies...

Updated 10 Dec, 2022 09:58am

Pakistan

Ishaq Dar directs measures to stop cross-border dollar smuggling

Finance minister stresses need for coordination among all necessary platforms to curb smuggling of foreign exchange and other items

Updated 09 Dec, 2022 08:52pm

Pakistan

SBP chief meets Sindh governor

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmed met Sindh Governor Kamran Khan Tesori at the Governor...

Published 09 Dec, 2022 05:58am

Business & Finance

NOWPDP launches Center of Excellence for Financial Inclusion for persons with disabilities

NOWPDP in association with the State Bank of Pakistan (SBP) and the banking sector launched the first ever Center of...

Published 03 Dec, 2022 12:57pm

Business & Finance

SBP repays $1bn bond before due date

The State Bank of Pakistan (SBP) paid back $1 billion against Sukuk bonds on Friday, three days before its...

Updated 03 Dec, 2022 01:21pm

Print

KSA extends term for $3bn deposit in SBP

KARACHI: Kingdom of Saudi Arabia (KSA) has extended term for a $3 billion deposit in the State Bank of Pakistan to...

Published 03 Dec, 2022 06:30am

Business & Finance

Payments to Google: SBP rejects allegations

KARACHI: Recent news circulating in some sections of the media that certain payments to Google are stuck at the...

Updated 27 Nov, 2022 09:43am

Technology

Suspension of DCB payments to Google Play: users, telecom companies at receiving end

Facing a growing liquidity shortage as foreign exchange reserves continue to fall, Pakistan’s central bank has...

Published 26 Nov, 2022 05:47pm

Markets

Pakistan to repay $1bn bond early: SBP governor Jameel Ahmad

There has been growing uncertainty about the ability of Pakistan to meet external financing obligations with the country in the midst of an economic crisis and recovering from devastating floods

Updated 25 Nov, 2022 08:18pm

Markets

What do SBP’s forex control measures mean for travelers

The State Bank of Pakistan (SBP) on Tuesday revised a number of measures to curtail the outflow of foreign currency...

Published 09 Nov, 2022 07:58pm

Business & Finance

SBP’s reserves up $1.5bn on ADB inflows

KARACHI: The State Bank of Pakistan’s foreign exchange reserves rose by $1.5 billion during last week due to...

Published 04 Nov, 2022 06:08am

Business & Finance

SBP approves BankIslami sponsor shareholders

KARACHI: The State Bank of Pakistan (SBP) has granted its approval to Ahmed Goolam Mohamed Randeree and Shabir Ahmed...

Updated 29 Oct, 2022 12:33pm

Print

Violation of regulatory instructions: SBP imposes Rs290.363m penalty on six banks

KARACHI: The State Bank of Pakistan (SBP) has imposed financial penalty of Rs 290.363 million on 6 banks for...

Published 29 Oct, 2022 05:55am

Markets

SBP-held forex reserves fall $157mn to stand at $7.44bn, ADB's loan to be reflected next week

Net foreign reserves held by commercial banks amount to $5.72bn, taking country's total reserves' position to $13.16bn

Published 27 Oct, 2022 08:24pm

Pakistan

Forex boost: SBP receives $1.5bn from ADB, says Dar

Funds part of ADB's response package to support Pakistan in the wake of recent floods

Updated 26 Oct, 2022 08:55pm

Business & Finance

Monetary policy: SBP maintains status quo, keeps key interest rate unchanged at 15%

The central bank has kept policy rate unchanged since July 7, 2022

Updated 10 Oct, 2022 09:13pm

Pakistan

SBP to soon complete probe into alleged forex manipulation by banks: spokesperson

Investigations are being carried out by the regulator and results might come soon, says Abid Qamar

Published 05 Oct, 2022 07:52pm

Markets

'Serious violations': SBP suspends authorisation of two currency exchange companies for 3 months

Central bank advises both firms to strengthen internal control functions, submit report of corrective measures

Published 13 Sep, 2022 05:46pm