PM Launches Raast: Pakistan’s Instant Payment System – an initiative of SBP

The State Bank of Pakistan (“SBP”) and its subsidiaries disclaim responsibility for any private publication or statement by any individual. The views expressed in this email are those of the sender and do not necessarily reflect the views of the SBP and/or its subsidiaries. Any defamatory statements, infringement or authorization… Continue reading

Workers’ Remittances Maintain Strong Momentum in December 2020

Workers’ remittances maintained their strong momentum for the seventh consecutive month in December. Remittances rose further to $2.4 billion, growing by 16.2 percent on a year-on-year basis and 4.2 percent on a month-on-month basis. On a cumulative basis, workers’ remittances reached an unprecedented level of $14.2 billion during the first… Continue reading

Opening of concerned branches to facilitate the collection of Government receipts /duties/ taxes

In order to facilitate the collection of the government receipts/duties/taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 9:00 P.M. on December 31, 2020 (Thursday), for which purpose… Continue reading

SBP is all set to launch consultation on Banking on Equality policy for reducing the gender gap in financial inclusion

The State Bank of Pakistan (“SBP”) and its subsidiaries disclaim responsibility for any private publication or statement by any individual. The views expressed in this email are those of the sender and do not necessarily reflect the views of the SBP and/or its subsidiaries. Any defamatory statements, infringement or authorization… Continue reading

FPCCI appreciates The State Bank of Pakistan for the waiver of the E-form requirement up to US $5000

Karachi (PR) Mian Anjum Nisar President “The Federation of Pakistan Chambers of Commerce and Industry” (FPCCI) and Shaikh Sultan Rehman Vice President applaud The State Bank of Pakistan for the waiver of the E-form requirement for up to the US $5000 per consignment for small industries. He said that this… Continue reading

President of Pakistan appreciates SBP for the leadership role in promoting financial inclusion of women and digital payments

The President of Pakistan, Dr. Arif Alvi, has appreciated the Governor State Bank of Pakistan (SBP), Dr. Reza Baqir, for leading the initiatives of SBP in the areas of women empowerment through financial inclusion and expanding the landscape of digital payments in the country.  He was addressing an online meeting… Continue reading

President of Pakistan, Dr. Arif Alvi lauds SBP and banks for progress in financial inclusion of persons with disabilities

The State Bank of Pakistan (“SBP”) and its subsidiaries disclaim responsibility for any private publication or statement by any individual. The views expressed in this email are those of the sender and do not necessarily reflect the views of the SBP and/or its subsidiaries. Any defamatory statements, infringement or authorization… Continue reading

SBP ISSUES REGULATORY FRAMEWORK TO FACILIATE BUINSESS TO CONSUMER (B2C) E-COMMERCE EXPORTS

State Bank of Pakistan (SBP) has issued regulatory framework to facilitate Business-to-Consumer (B2C) e-Commerce exports from Pakistan. Under the new regulatory framework, the mandatory requirement of ‘Export’ (E) form has been done away with and now an exporter can export goods up to USD 5,000/- per consignment without the requirement… Continue reading

OPENING OF CONCERNED BRANCHES TO FACILITATE THE COLLECTION OF GOVERNMENT RECEIPTS / DUTIES / TAXES ON NOVEMBER 30, 2020

In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 9:00 P.M. on November 30, 2020 (Monday) for… Continue reading

Monetary Policy Statement

1. At its meeting on 23rd November 2020, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 7 percent. The MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with expectations for growth of slightly above 2 percent… Continue reading