Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,017.1 million as of 18-Oct-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
SBP releases Governor’s Annual Report 2023-24
The fiscal year 2024 witnessed improvements across key macroeconomic indicators after two challenging years, according to the Governor’s Annual Report (GAR) for FY24 released by the State Bank of Pakistan…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,111.3 million as of 11-Oct-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
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. The event will be inaugurated by Governor SBP Mr. Jameel Ahmad at the SBP.…
Result of SBP OMO Injection
Result of SBP Open Market Operations (OMO)-Injection Result of SBP Open Market Operations (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection MTB Buyback Web Result…
SBP releases Annual Payment Systems Review for FY24
The State Bank of Pakistan (SBP) has released its annual report highlighting the significant advancements in the national payment ecosystem during the Fiscal Year 2023-24. The report underscores the remarkable…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 15,982.9 million as of 27-Sep-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
SBP has received SDR 760 million (equivalent to US$ 1026.9 million) from IMF
Following the approval of the IMF Executive Board of 37-month Extended Fund Facility amounting to US$7 billion, SBP has received the first tranche of SDR 760 million (equivalent to USD…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,873.1 million as of 20-Sep-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Customs Agents and Importers Bypass WeBOC System, Leading to Major Legal Battle
It has been revealed that some importers and Customs agents have bypassed the standard procedure for filing Goods Declarations (GDs) by circumventing the inbuilt validation checks in the WeBOC system.…
SAI Chief Calls for Clear Roadmap and Single-Digit Interest Rates
KARACHI: Muhammad Kamran Arbi, President of the Site Association of Industry (SAI), has criticized the State Bank of Pakistan’s (SBP) recent 2% cut in the interest rate, arguing that a…
Monetary Policy Statement September 12, 2024
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 17.5 percent, effective from September 13, 2024. Both headline and…
Monetary Policy Announcement
The Monetary Policy Committee (MPC) of SBP will meet on Thursday, September 12, 2024 to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through…
Cut Interest Rates to Revive Economy, Syed Mazhar Ali Nasir
KARACHI: Syed Mazhar Ali Nasir, Former Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Vice Chairman UBG Sindh Region has appealed to the…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,739.9 million as of 30-Aug-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
MTB & PIB (Floater) Auction Result September 5, 2024
Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Open Market Operations (OMO) Injection Result of SBP Open Market Operations (OMO) Injection
KCCI wants substantial reduction of 500 basis point in policy rate
KARACHI: Chairman Businessmen Group Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh have advised the State Bank of Pakistan (SBP) to announce a substantial…
Removal of Limits on Transactions Made Through PSX’s EIPO System
Karachi: Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC), under the aegis of and in close coordination with the Securities & Exchange Commission of Pakistan (SECP)…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,776.3 million as of 23-Aug-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
State Bank of Pakistan Designates Domestic Systemically Important Banks (D-SIBs)
The State Bank of Pakistan has announced the designation of D-SIBs for the year 2024 under the Framework for ‘Domestic Systemically Important Banks (D-SIBs)’ notified in April 2018. The framework…