Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 15,610.5 million as of 07-Jul-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
State Bank of Pakistan (SBP) issues final instructions for implementation of International Financial Reporting Standard, IFRS-9, in the Banking Sector
SBP has issued final instructions on IFRS 9 for ensuring smooth and consistent implementation of the Standard in the banking industry, with revised implementation timelines. For banks having asset size…
SBP extends Online Portal to EMIs, PSOs and PSPs
In order to promote digitalization and encourage eco-friendly practices, the State Bank of Pakistan (SBP) has developed online portal called SBP Regulatory Approval System (RAS) to enable regulated entities (i.e.…
PUBLIC HOLIDAYS
The State Bank of Pakistan will remain closed from 8th to 12th July, 2022 (Friday to Tuesday) being public holidays on the occasion of Eid-ul-Adha.
SBP adopts more AAOIFI Shariah Standards for Islamic Banking Industry
Strengthening Shariah compliance of Islamic banking industry in line with the best international practices is one of the key pillars of SBP’s 3rd Strategic Plan for Islamic Banking Industry 2021-25.…
BANK HOLIDAY
The State Bank of Pakistan will remain closed for public dealing on Friday, July 1, 2022 which shall be observed as Bank Holiday enabling the Bank to close its accounts.…
OPENING OF CONCERNED BRANCHES FOR COLLECTION OF GOVERNMENT RECEIPTS / DUTIES / TAXES ON JUNE 29 & 30, 2022
In order to facilitate the collection of Government receipts/duties/taxes, it has been decided that the field offices of SBP Banking Services Corporation and authorized branches of National Bank of Pakistan…
Financial System performed well and remained resilient, says Financial Stability Review 2021
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY21. The Review presents the performance and risk assessment of various segments…
e-Banking Continues steady growth in the Third Quarter of FY22
The State Bank of Pakistan released its third quarterly report of Payment Systems for the Fiscal year 2021-22 today covering the period January to March 2022. The report presents an…
SBP hosts Meetings of Islamic Financial Services Board
The State Bank of Pakistan (SBP) hosted the 40th Council Meeting and 20th General Assembly of the Islamic Financial Services Board (IFSB), on June 9, 2022. Governor SBP is currently…
The Government and SBP refute baseless claims circulating on social media regarding Foreign Currency Accounts, Roshan Digital Accounts and Safety Deposit Lockers
The Government of Pakistan and the State Bank of Pakistan assure all account holders maintaining Foreign Currency Accounts (FCA), Roshan Digital Accounts (RDA) and Safety Deposit Lockers in banks in…
SBP unveils Easy Data, in a move aimed at supporting economic research and enhancing transparency
Efficient, timely and reliable data dissemination is a core undertaking of central banks across the world. Open data availability supports informed decision-making by households, firms, governments, academics, and other stakeholders,…
Monetary Policy Announcement
The Monetary Policy Committee of SBP will meet on Monday, May 23, 2022 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy…
Governor SBP assumes the Charge of Chairman ACU Board in its 50th meeting
Dr. Murtaza Syed, Governor (Acting) State Bank of Pakistan (SBP) assumed the charge of Chairman of the Board of Directors of the Asian Clearing Union (ACU) in the 50th meeting…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,668.2 million as of 23-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
PUBLIC HOLIDAYS
The State Bank of Pakistan will remain closed from 2nd to 5th May, 2022 (Monday to Thursday) on the occasion of Eid-ul-Fitr.
Digital Payments continue strong growth trend in Second Quarter of FY22
The State Bank of Pakistan released its second quarterly report of payment systems for the fiscal year 2021-22 today covering the period October – December 2021. The report presents an…
Banks approve Rs.180bn in low-cost housing loans
Building upon current momentum, banks have shown strong progress in approving and disbursing the financing under Mera Pakistan Mera Ghar Scheme against the manifold increase in applications by borrowers to…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 17,028.1 million as of 08-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
SIX DAYS WORKING WEEK AND REVISED TIMINGS
As per decision of the Federal Government the State Bank of Pakistan (SBP) will observe six days working week with the following office hours during the month of Ramadan-ul-Mubarak, which…