SBP cuts interest rates by another 200bps to 9.0 percent
KARACHI: State Bank of Pakistan (SBP) has slashed the interest rates by another 200 basis points to 9.0 percent. In light of this reduction in growth and inflation expectations, the…
SBP underlines the need to gain a foothold in the global value chains (GVCs)
KARACHI: The State Bank of Pakistan (SBP), in its First Quarterly Report FY 2020 on the State of Economy, has underlined the need to build on gains on the ease…
State Bank of Pakistan allows repatriation of foreign assets in shape of shares
KARACHI: The State Bank of Pakistan (SBP) has allowed repatriation of foreign assets in shape of shares of a company incorporated in Pakistan and notified procedure for repatriation of foreign…
SBP urges SMEs to take benefit from SME Finance Policy and Refinance Facilities
KARACHI: While speaking to SMEs based in Sialkot, Syed Samar Hasnain, Executive Director, State Bank of Pakistan (SBP) said that State Bank has put in place number of refinance facilities…
Monetary Policy on January 31st; analysts expect interest rates unchanged at 10pc
KARACHI: The meeting of the Monetary Policy Committee (MPC) will be held on Thursday, January 31, 2019 in Islamabad, followed by the press conference to be addressed by the State…
Financial Monitoring Unit reports former senator for unauthorized flight of capital, corruption
KARACHI: The Financial Monitoring Unit (FMU) of the State Bank of Pakistan (SBP) has reported Ahmed Ali s/o Sadiq Ali and Nargis Ali w/o Ahmed Ali as the activities of…
SBP expands the scope of National Financial Literacy Program to all over Pakistan
KARACHI: In order to create awareness about the National Financial Literary Program (NFLP) and more specifically, sensitize the masses regarding the on-ground execution, a dedicated NFLP mass media campaign is…
SBP wins the global award as the best central bank in promoting Islamic finance
KARACHI: State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year 2018. The coveted award is conferred by…
Financial Monitoring Unit forwards more cases to FBR for further investigation
KARACHI: As the government tightens nose against money laundering and unauthorized flight of capital, the Financial Monitoring Unit (FMU) of the State Bank of Pakistan (SBP) has identified Ali Khan…
FBR binds banks to report profits earned on deposits by account holders
KARACHI: The Federal Board of Revenue (FBR) on Tuesday has bound the banking companies to report details regarding account holders earning profit on deposits while relieving the banks from the…
Financial Monitoring Unit (FMU) reports Lakhanis for unauthorized capital flight, evasion
KARACHI: The Financial Monitoring Unit (FMU) of the State Bank of Pakistan has forwarded the case of Amin Mohammad Lakhani and Anika Amin Lakhani to Inland Revenue Intelligence & Investigation…
State Bank facilitates exporters by restoring advance payment facility
KARACHI: State Bank of Pakistan (SBP) has allowed the Authorized Dealers to effect advance payments up to USD 10,000/- per invoice on behalf of importers cum exporters for import of…