Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 17,476.9 million as of 01-April-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
State Bank of Pakistan receives overwhelming response for Digital Bank Licenses
State Bank of Pakistan (SBP) has concluded the process of receiving applications for digital banks licenses as per its announced deadline of March 31, 2022. The application process registered an…
Meta, NIBAF collaborate to up-skill women entrepreneurs
Karachi: Meta is collaborating with the National Institute of Banking and Finance (NIBAF), a subsidiary of the State Bank of Pakistan (SBP) to train and up-skill Pakistani women entrepreneurs in…
Islamic banking assets recorded highest ever growth of Rs1.3 trillion in CY21: SBP
The Islamic Banking Industry (IBI) has reached new peaks during CY21 as its assets surpassed the 5 trillion mark to reach Rs5,577 billion with the highest ever increase of Rs1,308…
SBP announces office & business hours during the month of Ramadan-ul-Mubarak
During the ensuing holy month of Ramadan-ul-Mubarak 1443 AH, the following office hours will be observed in the State Bank of Pakistan, which will also be followed by all banks,…
State Bank suspends the authorization of an Exchange Company
The State Bank of Pakistan has suspended with immediate effect the authorization of an Exchange Company namely M/s Noble Exchange International (Pvt) Limited till further orders for violation of SBP…
OPENING OF BRANCHES FOR COLLECTION OF GOVERNMENT RECEIPTS/DUTIES / TAXES ON 30TH AND 31ST MARCH 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 (SBP-BSC) and authorized branches of National Bank of…
SBP and Banks hold Mela in Faisalabad to promote financing for affordable housing
State Bank of Pakistan (SBP) together with banks held a Mela in Faisalabad today to increase awareness about the affordable housing financing scheme introduced jointly by the SBP and the…
PUBLIC HOLIDAY
The State Bank of Pakistan will remain closed on 23rd March, 2022 (Wednesday) being public holiday on the occasion of “Pakistan Day” as declared by the Government of Pakistan.
SBP releases First Quarterly Report FY22 on the State of Pakistan’s Economy
The State Bank of Pakistan today released its First Quarterly Report for FY22 on the State of Pakistan’s Economy. The analysis and economic outlook of the report are based on…
SBP Enables Microfinance Account-holders to Invest in Government Securities
To provide greater opportunities for public to invest in government securities and in line with the objective of diversifying funding for this exclusive avenue, State Bank of Pakistan (SBP) has…
SBP facilitates Microfinance Banks to lend for low-cost housing and micro and small enterprises
Building on the measures taken in recent years to encourage financing to priority areas, State Bank of Pakistan (SBP) has revised Prudential Regulations for Microfinance Banks (MFBs) with the goal…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 22,668.7 million as of 04-March-2022. The break-up of the foreign reserves position is as under:- i) Foreign reserves…
Governor SBP emphasizes on the right of persons with disabilities to enjoy fair and equal access to financial services
National Institute of Banking and Finance (NIBAF), a subsidiary of State Bank of Pakistan (SBP), and Pakistan Poverty alleviation Fund (PPAF) jointly organized an event titled ‘Moving towards Inclusive Pakistan’…
CCP Celebrates Women’s Day 2022 with ‘Women in Regulation’
ISLAMABAD: The Competition Commission of Pakistan (CCP) marked the International Women’s Day by holding a seminar on “Policy and Regulation through Gender Lens – for Creating a Level Playing Field”…
SBP unveils Asaan Digital Accounts to break barriers in financial inclusion of women
To celebrate the journey of women’s financial inclusion in Pakistan, the State Bank of Pakistan (SBP), in collaboration with Bank Alfalah, Standard Chartered Bank and UBL, hosted an event titled…
Curtain Raiser SBP to celebrate journey of women’s financial inclusion in an event – Asaan Digital Accounts: Breaking Barriers
To celebrate the journey of women’s financial inclusion in Pakistan, the State Bank of Pakistan (SBP), in collaboration with UBL, Standard Chartered Bank, and Bank Alfalah, will be hosting an…
SBP Organizes Discussion on ‘The Promise of Digital Banks’ for International Audiences
SBP hosted an interactive discussion on ‘The Promise of Digital Banks’ for domestic and international stakeholders including banks, fintechs, venture capital firms, digital banks and representatives of business community from…
SBP Issues Unified QR Code to Accelerate Digital Payments
To accelerate digitization of retail payments, State Bank of Pakistan has issued standards for Quick Response (QR) code based payments in Pakistan. These standards are to be met for issuing…
Digital Payments Continue Brisk Growth First Quarter of FY 2022
The State Bank of Pakistan released its first quarterly report of payment systems for the fiscal year 2021-22 today covering the period July – September, 2021. The report shows that…