SBP’s maintaining status quo illogical amid falling inflation, rising growth

The Federation of Pakistan Chambers of Commerce and Industry’s ruling group has raised concern over keeping monetary policy rate unchanged at 7% for the third consecutive time, however, hailed the SB’s indication of maintaining its accommodative monetary stance in the near-term to support the rare recovery amid uncertain Covid-19 challenges…. Continue reading

SBP’s facilitates businesses availing financing under Rozgar Scheme to disburse salaries before Eid-ul-Azha

State Bank of Pakistan (SBP) has allowed disbursement of wages/ salaries for the month of July to be made before Eid-ul-Azha under its Rozgar Scheme. Earlier the banks were required to disburse salaries according to the cycle of salaries used by businesses, which is typically after the completion of the… Continue reading

Governor SBP highlights results of reforms and shares with OICCI measures to streamline processes for ease of doing business

Karachi: ‘The reforms to address the macroeconomic challenges faced by the economy are now beginning to bear fruit and improvement in the external sector has become visible. Restoring stability will promote investment in the country and thus economic growth,’ said the Governor of State Bank of Pakistan, Dr. Reza Baqir… Continue reading