Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,632.7 million as of 13-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Launch of New eCIB System (V2)
State Bank of Pakistan has launched the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB). The new system will become operational w.e.f. January 1,…
SAI Chief Criticizes 2% Interest Rate Cut, Urges 5% Reduction
Raising Interest Rate to only 13% Will Not Benefit Pakistan’s Economy: Ahmed Azeem Alvi: KARACHI: Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called the State…
Pakistan’s Largest Interest Rate Cut of the Year
The State Bank of Pakistan (SBP) is gearing up to make a significant announcement on Monday, with analysts predicting a 200 basis point cut in interest rates. This expected reduction…
Monetary Policy Announcement
The Monetary Policy Committee (MPC) of SBP will meet on Monday, December 16, 2024 to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through…
Deposit Protection Corporation releases its Annual Report FY2023-24
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ended June 2024. The report has been issued with the objective of providing…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,600.9 million as of 06-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Cancellation of Authorization /License issued to M/s Al-Hameed International Money Exchange (Private) Limited
The State Bank of Pakistan (SBP) on December 09, 2024 has cancelled the authorization/license issued to M/s Al-Hameed International Money Exchange (Private) Limited under the Foreign Exchange Regulations Act, 1947…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,620.0 million as of 29-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,076.2 million as of 22-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Result of SBP OMO Injection November 29, 2024
Result of SBP Open Market Operations (OMO) Injection – 29-11-2024 Result of SBP Open Market Operations (OMO) Injection – 29112024 Result of SBP Shariah Compliant (OMO)-Injection – 29-11-2024 Result of…
BRANCHES OF DESIGNATED BANKS TO REMAIN OPEN ON SATURDAY AND SUNDAY FOR THE COLLECTION OF HAJJ APPLICATIONS ALONG WITH DUES FOR HAJJ 2025
In order to facilitate the intending pilgrims to deposit Hajj applications along with dues for Hajj 2025, State Bank of Pakistan on the request of Ministry of Religious Affairs &…
SECP Aims for Greater Transparency and Investor Confidence Through Effective Supervision and Enforcement
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) through its centralized Supervision function, continues to maintain effective oversight of capital markets and regulated businesses. In a recent Commission meeting, a…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 15,967.7 million as of 15-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
SBP Issues License to M/s. E-Processing Systems Private Limited to Commence Commercial Operations
The SBP has given License to M/s. E-Processing Systems Private Limited (EPSPL) to commence commercial operations as an Electronic Money Institution (EMI). Under the license, the EMI shall offer e-money…
SBP to Celebrate Women Entrepreneurship Day on November 19, 2024
The State Bank of Pakistan (SBP) will celebrate Women Entrepreneurship Day (WED) on November 19, 2024, across Pakistan through its 16 field offices. The key event will be held at…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 15,965.5 million as of 08-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 15,931.8 million as of 01-Nov-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Monetary Policy Statement
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 250 basis points to 15 percent, effective from November 5, 2024. The Committee…
2.5 percent cut in interest rate not in line with declining trend in inflation: Jawed Bilwani
KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, while commenting on the State Bank’s decision to reduce the interest rate by 2.5 percent, bringing…