Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 20,133.5 million on 26-February-2021. The break-up of the foreign reserves position is as under: – Foreign reserves held…
Pakistan Customs, Tax, Shipping & Business News Resource
The total liquid foreign reserves held by the country stood at US$ 20,133.5 million on 26-February-2021. The break-up of the foreign reserves position is as under: – Foreign reserves held…
In order to promote digital payments, SBP has been taking steps to make them more secure, introducing new features and promoting their use. In consultation with the industry and other…
The total liquid foreign reserves held by the country stood at US$ 20,058.6 million on 12-February-2021. The break-up of the foreign reserves position is as under:- Foreign reserves held by…
The Honourable Prime Minister of Pakistan thanked Overseas Pakistanis for their overwhelming response to the State Bank’s Roshan Digital Account (RDA) initiative. He was speaking at a ceremony at the…
Based on feedback from the diaspora and recommendations from SBP, the Federal Government has introduced several amendments in the Income Tax Ordinance 2001 through Tax Laws (amendment) Ordinance 2021 to…
Karachi (PR) The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the State Bank of Pakistan (SBP) to extend the Refinance Scheme for Payment of Wages and…
State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate Start-ups, Fintechs and Exports. The new policy for equity investment abroad will…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
KARACHI: State Bank of Pakistan is constantly providing enabling regulatory environment to promote housing and construction finance. T his is an important sector that has significant economic linkages with other…
The Monetary Policy Committee of SBP will meet on Monday, November 23, 2020 at SBP Karachi to decide about Monetary Policy. Later on, SBP will issue the Monetary Policy Statement…
The State Bank of Pakistan released its Annual Report on the State of Pakistan’s Economy for the fiscal year 2019-20 today. According to the report, following difficult but necessary stabilization…