Monetary Policy Announcement
The Monetary Policy Committee of SBP will meet on Monday, September 21, 2020 at SBP Karachi to decide about Monetary Policy. Governor State Bank of Pakistan, Dr. Reza Baqir, will…
Prime Minister Inaugurates Roshan Digital Account – An Initiative of SBP
Prime Minister Imran Khan today inaugurated the Roshan Digital Account in a ceremony in Islamabad. The Roshan Digital Account is a new initiative of the State Bank of Pakistan (SBP),…
PSX Holds Gong Ceremony to Mark Issuance & Listing of PHL PES II
Karachi: Pakistan Stock Exchange (PSX) held a gong ceremony today to mark the successful book building and listing of Power Holding Limited’s (PHL’s) Rs 200 Bn Pakistan Energy Sukuk II…
Revision of Guidelines on Stress Testing of the Banking Sector
The State Bank of Pakistan has today released a revised suite of Guidelines on Stress Testing, which replaces the earlier guidelines issued in 2012. Stress testing is a key tool…
CDC to facilitate investment in Pakistan Stock Market by Non Resident Pakistanis (NRPs) through Roshan Digital Account
“Central Depository Company of Pakistan Limited (CDC) to facilitate investment by Non-Resident Pakistanis in the Pakistan Stock Market through Roshan Digital Account with designated large-scale banks” said Mr. Badiuddin Akber,…
SBP RELIEF MEASURES SHOULD ALSO BENEFIT THE RURAL ENTERPRISES
Karachi (PR) Khurram Ijaz, Vice President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said that outbreak of Coronavirus has not only affected the trade and industry of Pakistan,…
SBP extends time for settlement of Foreign Currency Loans amid COVID-19 Pandemic
Continuing with its commitment to support the industry amid COVID-19 pandemic, SBP has further facilitated the exporters and importers by allowing extension up to 180 days in settlement of their…
SBP enhances loan size under its refinance scheme to support women entrepreneurs
To encourage women participation in the economy, State Bank of Pakistan (SBP) has enhanced the financing limit under its Refinance and Credit Guarantee Scheme for Women Entrepreneurs from Rs1.5 million…
SBP Allows Local Businesses to Make Instant Payments for Acquiring Services from Globally Recognized Digital Service Providers
In an effort to further enhance ease of doing business in Pakistan, the State Bank of Pakistan (SBP) has introduced a new mechanism to enable the companies in Pakistan to…
SBP enhances loan limits and expands relief measures for microfinance borrowers
State Bank of Pakistan (SBP) has enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the existing limit of Rs1 million for borrowings from the…
National Financial Literacy Program milestones achieved: SBP
The National Financial Literacy Program (NFLP) of the State Bank of Pakistan (SBP) completed its third year at the end of FY20 with all the targets surpassing for the fiscal…
SBP issues instructions for promotion of Islamic Banking
Keeping in view the significant potential of Islamic Banking Windows (IBWs) in enhancing the share and outreach of Shariah compliant financial services and increase in financial inclusion, SBP has issued…
SBP conducts a review of complaints against Banks/DFIs/MFBs from 2016 to 2019
State Bank of Pakistan (SBP) has conducted a four year (2016-2019) review of complaints against Banks/MFBs/DFIs. The objective of the review was to gain insights on effectiveness of complaint management…
FPCCI Central Standing Committee on Media and Broadcasting holds its second meeting
Karachi: FPCCI Central Standing Committee on Media and Broadcasting held its second meeting here today via Zoom from FPCCI. The objective of the meeting was to highlight the issues being…
SBP gives mandatory targets to banks to increase housing & construction financing to at least 5% of private sector credit by December 2021
To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GoP), State Bank of Pakistan (SBP) has decided to set a mandatory…
SBP reduces markup rate to 5 percent on refinance schemes for investment and introduces other enhancements
Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a…
SBP extends the availability of Deferment of Principal Amount of Loans facility till September 2020
Considering the fact that COVID-19 pandemic is continuing to stress the cash flow of small and medium sized businesses and households, SBP has decided to extend the Deferment of Principal…
SBP enhances scope of refinance facility to support health facilities
On 17th March, 2020, SBP introduced a refinance scheme, titled Refinance Facility to Combat Covid-19 (RFCC), to support the hospitals and health sector for providing services to directly fight against…
SBP extends the Rozgar Scheme for Supporting Employment for another 3 months and widens its scope in collaboration with Government of Pakistan
Soon after the outbreak of Covid-19 pandemic, SBP took a number of steps to provide economic support to businesses and households. SBP reduced the financial cost to the private and…
FPCCI welcomes key policy rate cut by 1pc, demands further drop Mian Anjum Nisar asks SBP to advise banks to revise KIBOR on monthly basis to pass on lower rates benefit to industry
The Federation of Pakistan Chambers of Commerce and industry (FPCCI) president Mian Anjum Nisar on Friday appreciated the State Bank of Pakistan for slashing key policy rate by 100 basis…