Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 13,220.6 million as of 29-Dec-2023. 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$ 12,855.7 million as of 22-Dec-2023. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Bank Holiday
The State Bank of Pakistan will remain closed for public dealing on Monday, January 01, 2024, which will be observed as ‘Bank Holiday’. All banks / DFIs / MFBs shall,…
OPENING OF BRANCHES FOR COLLECTION OF GOVERNMENT RECEIPTS / DUTIES / TAXES ON 30th AND 31st DECEMBER 2023
To facilitate the taxpayers in payment of Government duties / taxes, it has been decided that branches of all banks that are open on Saturday shall observe extended working hours…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 12,068.4 million as of 15-Dec-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Banks must Increase their Outreach and Penetration to Agriculture Sector-Governor SBP
The annual meeting of Agricultural Credit Advisory Committee (ACAC) was held on December 14, 2023 in Lahore, under the chairmanship of the Governor, State Bank of Pakistan (SBP), Mr. Jameel…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 12,206.4 million as of 08-Dec-2023. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Monetary Policy Statement December 12, 2023
1. At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The decision does take into account the impact of the recent…
Monetary Policy Announcement
The Monetary Policy Committee (MPC) of SBP will meet on Tuesday, December 12, 2023 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary…
Branches of Authorized Banks to Remain Open on Saturday and Sunday for Collection of Application Forms with Dues for Hajj 2024
In order to facilitate the intending pilgrims to deposit application forms along with dues for Hajj 2024, State Bank of Pakistan on the request of Ministry of Religious Affairs &…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 12,107.1 million as of 01-Dec-2023. The break-up of the foreign reserves position is as under: i) Foreign reserves…
SBP Issued Instructions for Enabling ‘RAAST’ Person to Merchant Service
State Bank of Pakistan has issued instructions to its Regulated Entities (REs) for enabling RAAST Person-to-Merchant (P2M) payment service for their customers. The Raast P2M system will enable merchants to…
Result of SBP OMO Injection November 30, 2023
Result of SBP Open Market Operations (OMO)-Injection-1 Result of SBP Open Market Operations (OMO)-Injection-1 Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection
SBP and Banks Face Senate Heat over Solar Panel Scam
KARACHI: The Senate Committee on Finance led by Saleem Mandviwala grilled the State Bank of Pakistan (SBP) and commercial banks over their role in a massive solar panel scam involving…
SBP allows ASA Microfinance Bank Limited to commence its operations nationwide
The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance lending business nationwide from November 13, 2023. ASA Microfinance Bank (Pakistan) Limited, licensed by…
Public Holiday
The State Bank of Pakistan will remain closed on Thursday, November 09, 2023 being public holiday on the occasion of Allama Iqbal Day, as declared by the Government of Pakistan.
The Arab Monetary Fund and the SBP Sign an MoU to Facilitate Cross-border Remittances between the Arab region and Pakistan
In a ceremony hosted by the Arab Monetary Fund (AMF), H.E Dr. Abdulrahman Bin Abdullah Al Hamidy, Director General Chairman of the Board of the Arab Monetary Fund (AMF), and…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 12,576.6 million as of 27-Oct-2023. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Auction Target Calendar Nov 23 – Jan 24
Auction Target Calendar – Pakistan Investment Bond (PIB) Nov 2023 – Jan 2024 Auction-Bond Auction Target Calendar – Market Treasury Bill (MTB) Nov 2023 – Jan 2024 Auction-TreasuryBills
State Bank of Pakistan & CDC launched RAAST payments facility for Mutual Funds
Karachi: Central Depository Company (CDC) has collaborated with the State Bank of Pakistan (SBP) for allowing investors to purchase mutual funds units using SBP’s RAAST Payment Gateway. CDC has developed…