Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 13,246.8 million as of 07-Oct-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Monetary Policy Statement October 10, 2022
At today’s meeting, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 15 percent. The MPC noted the continued deceleration in economic activity as well as the…
Monetary Policy Announcement
The Monetary Policy Committee of SBP will meet on Monday, October 10, 2022 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy…
State Bank of Pakistan amends foreign exchange regulations to enhance transparency in transactions between exchange companies
SBP has amended foreign exchange regulations with an objective to promote documentation and transparency in the foreign exchange transactions between exchange companies. In terms of revised regulations, it has been…
SBP modifies foreign exchange regime to promote documentation in forex transactions
In order to further enhance transparency and promote documentation in the foreign exchange transactions, State Bank of Pakistan has advised the Exchange Companies that all foreign currency sale transactions of…
State Bank of Pakistan Suspends the Authorization of M/s Great Union Exchange Company-B (Pvt) Limited and M/s Swiss International Exchange Company-B (Pvt) Limited
The State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of two Exchange Companies, namely, Swiss International Exchange Company-B (Pvt.) Limited and Great Union Exchange Company-B (Pvt.)…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,473.5 million as of 2-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
SBP signs MoU with Zameen.com to utilize data on real sector
State Bank of Pakistan (SBP) has signed a memorandum of understanding (MoU) with Zameen.com according to which the latter will provide data on the prices and rental costs of residential…
SHC puts official respondents on notice for Sept 8 in Solar Panels import consignments case
KARACHI: Hearing a petition filed by Messers Inverse Power Solution against Secretary Revenue, Chairman FBR, Collector MCC Appraisement & Facilitation East, Stated Bank of Pakistan (SBP), Habib Metropolitan Bank Limited,…
Complaints against banks for not accepting Donations for Floods are misleading
It has been noticed that a few complaints have been circulating on social media platforms regarding non-acceptance of donations from general public in “CM Flood Relief Fund” of KP and…
SBP sets agriculture credit disbursement target of Rs1.8 trillion for FY23
State Bank of Pakistan (SBP) has assigned annual agriculture credit disbursement target of Rs1,800 billion to the financial institutions for FY23 to cater to the agriculture credit demand in the…
STATE BANK MUST ALLOW CONSTRUCTION MACHINERY WHICH HAVE BEEN STUCK IN PORT AND WAITING FOR ALLOW
Since 05th July State Bank of Pakistan made circular and execute its strictness to file prior allow to SBP of all types of plant and machinery, which fall on Tariff…
Monetary Policy Announcement
The Monetary Policy Committee of SBP will meet on Monday, August 22, 2022 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy…
DOMESTIC MARKETS & MONETARY MANAGEMENT DEPARTMENT S T A T E B A N K O F P A K I S T A N
State Bank of Pakistan conducted Open Market Operation, Reverse Repo Purchase (Injection) on Aug 18, 2022. The result is as under: A: OMO DETAILS: No OMO Tenor Range (%) Number…
Acting Governor unveils Commemorative Banknote to mark 75 years of Pakistan’s Independence
Acting Governor State Bank of Pakistan (SBP) Dr. Murtaza Syed unveiled a Rs. 75 Commemorative Banknote to mark the 75th Anniversary of Pakistan’s Independence in a ceremony held at the…
SBP automates verification of refinance claims under Export Finance Scheme to facilitate Exporters and Banks
In continuation of steps taken for ease of doing business, State Bank of Pakistan (SBP) has automated the verification of refinance claims under the Export Finance Scheme (EFS). Automated verification…
Half Year Report FY22 on the State of Pakistan’s Economy released
Pakistan’s economic recovery continued in H1-FY22, notes the Half Year Report for FY22 on the State of Pakistan’s Economy, released by the State Bank of Pakistan (SBP) today. From the…
SBP launches media campaign on Asaan Mobile Account
The State Bank of Pakistan (SBP), in collaboration with Pakistan Telecommunication Authority (PTA) and UK’s Foreign, Commonwealth and Development Office (FCDO), unveiled the mass media campaign for Asaan Mobile Account…
Enhanced Monitoring of the Foreign Exchange Operations of Exchange Companies and Banks
In view of recent volatility in the exchange rate and the difference between the interbank rate and the rate offered by Exchange Companies (ECs) and banks to their customers, State…
PAKISTAN’S STRATEGY FOR NAVIGATING FY2023: FIVE IMPORTANT FACTS, Joint Statement by the Ministry of Finance and the State Bank of Pakistan
Pakistan’s problems are temporary and are being forcefully addressed. Pakistan’s foreign exchange reserves have fallen since February as foreign exchange inflows have been outpaced by outflows. The inflows mainly comprise…