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…
State Bank of Pakistan Keeps Policy Rate at 22%, Emphasizes on Fiscal Consolidation
The State Bank of Pakistan’s Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent at its meeting on October 30, 2023. The MPC noted that inflation…
Use of RMB to facilitate trade with China: Governor SBP
Addressing a ceremony on “Promoting the use of RMB in Cross-Border Settlement” today, organized by ICBC Bank in the Jinnah Conventional Center Islamabad, Governor SBP Mr. Jameel Ahmad highlighted the…
Monetary Policy Announcement
The Monetary Policy Committee (MPC) of SBP will meet on Monday, October 30, 2023 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary…
SBP introduces new measures to facilitate IT Exporters and Freelancers
In order to facilitate the IT exporters to boost the exports of IT and IT enabled services, SBP has increased the permissible retention limit of IT exporters from 35% to…
Regulatory Instructions in respect of withdrawal of EMI License – M/s CMPECC (Pvt.) Ltd
The State Bank of Pakistan (SBP) on October 23, 2023 has advised M/s CMPECC (Pvt) Ltd, currently in ‘Commercial stage’ under Regulations for Electronic Money Institutions (EMIs), to refund all…
SBP Releases Annual Report on The State of Pakistan’s Economy
The State Bank of Pakistan (SBP) released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2022-23. According to the report, Pakistan’s economy faced multiple…
Result of SBP OMO Injection 29 October 23
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