Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 13,248.4 million as of 18-Aug-2023. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Pakistan Remittance Summit To Be Held in Dubai Next Month
KARACHI: Dellsons Associates, in collaboration with leading commercial banks, will organize an international conference, Pakistan Remittance Summit, in Dubai next month to appreciate the role of overseas Pakistanis in supporting…
Rs 75 Commemorative Coin to Mark 75th Anniversary of Diplomatic Relations between Pakistan and USA
The State Bank of Pakistan (SBP) issued a commemorative coin of 75 rupees during a ceremony held in Islamabad on Thursday to mark the 75th anniversary of the establishment of…
Launch of Pre-Departure Briefing Program at Protectorate of Emigrants Offices
KARACHI: Executive Director State Bank of Pakistan (SBP) Mr. Akhtar Javed and Director General, Bureau of Emigration and Overseas Employment (BE&OE) Mr. Akram Ali Khowaja jointly launched the Pre-Departure Briefing…
Launch of Pre-Departure Briefing Program at Protectorate of Emigrants Offices
Executive Director State Bank of Pakistan (SBP) Mr. Akhtar Javed and Director General, Bureau of Emigration and Overseas Employment (BE&OE) Mr. Akram Ali Khowaja jointly launched the Pre-Departure Briefing Program…
SBP Governor pays respects to Quaid-e-Azam on 76th Independence Day and lauds his role in establishment of SBP
Addressing the flag hoisting ceremony to mark the 76th Independence Day at State Bank of Pakistan (SBP) headquarter at Karachi, Governor SBP, Mr. Jameel Ahmad paid rich tributes to Quaid-e-Azam…
State Bank of Pakistan to Issue Rs 100 Commemorative Coin to Mark 10th Anniversary of the China Pakistan Economic Corridor
The China Pakistan Economic Corridor (CPEC) has contributed greatly to Pakistan’s infrastructure and economic development since its decade of inception in 2013. To mark the occasion of the 10th anniversary…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 13,339.1 million as of 04-Aug-2023. The break-up of the foreign reserves position is as under: i) Foreign reserves…
SBP Public Holiday
The State Bank of Pakistan will remain closed on Monday, August 14, 2023 on the occasion of ‘Independence Day’ as declared by the Government of Pakistan.
SBP keeps interest rates unchanged at 22 percent
KARACHI: At its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 22 percent. The Committee noted that the economic uncertainty has decreased since…
SBP tightens rules for solar panel imports to curb money laundering
KARACHI: The State Bank of Pakistan (SBP) has reportedly issued new guidelines for banks to prevent the misuse of the banking channel for trade based money laundering (TBML) and terrorist…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,065.3 million as of 14-Jul-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
SECP reaffirms its commitment to safeguarding public interests
ISLAMABAD: In accordance with its mandate of developing capital and financial markets, the SECP continuously reviews and reforms its policies, dovetailing its efforts towards promoting ease of doing business through…
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 2023 under the Framework for ‘Domestic Systemically Important Banks (D-SIBs)’ notified in April 2018. The framework…
Financial system’s performance and resilience remained firm, says SBP Financial Stability Review 2022
The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review (FSR) for CY22. The Review is being published in terms of requirements prescribed in…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 9,745.5 million as of 30-Jun-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
COLLECTION OF DUTIES / TAXES ON 27TH, 28TH & 30TH JUNE 2023
Pursuant to the request of Federal Board of Revenue (FBR), following instructions regarding observance of banking hours and clearing / settlement of tax receipts on 27th, 28th & 30th June…
SBP removes all import restrictions
KARACHI: The State Bank of Pakistan (SBP) on Friday announced withdrawal of all restrictions on imports to facilitate the industrial sector. In December last year, the SBP asked banks to…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 8,863.8 million as of 16-Jun-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
Customs cracks down on misuse of Electronic Import Form by importers
KARACHI: Chief Collector South Ashad Jawad has commissioned an exercise to check the misuse of Electronic Import Form (EIF) and the mis-declaration of PCT code thereof of the imported consignments.…