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Tag: SBP

SBP releases half-yearly report on country’s economy

KARACHI: The State Bank of Pakistan (SBP) on Friday released its half yearly report on the country’s state of economy, encompassing economic performance and...

SBP responds to rumours about Rs75 banknote, Rs10 coin

KARACHI: The State Bank of Pakistan (SBP) has responded to the rumours about the discontinuation of the Rs75 banknote – a commemorative note unveiled...

SBP’s foreign exchange reserves inch up to $4.46bn

KARACHI: Foreign exchange reserves held by State Bank of Pakistan (SBP) rose by $30 million to $4.46 billion in the week ending on April...

Banks to open on April 29, 30 to facilitate tax collection

KARACHI: All authorised branches of banks will open on April 29 and 30, 2023 (Saturday and Sunday) and observe extended working hours to facilitate...

Pakistan reports current account surplus of $654 in Mar 2023

Islamabad: The Current Account Balance (CAB) of Pakistan posted a massive surplus of $654 million in Mar 2023 against a deficit of $36 million...

Punjab Elections: No funds received from SBP, SC told

ISLAMABAD: The Election Commission of Pakistan on Tuesday submitted a report to the Supreme Court regarding progress on the delivery of funds from the...

Punjab elections: Last date for SBP to release funds

ISLAMABAD: Today is the last date for the State Bank (SBP) to release funds for Punjab elections directly to the Election Commission (ECP) as...

Pakistan receives $300m from China

The country’s foreign exchange reserves were increased after Pakistan received $300 million from China, citing sources, ARY News reported on Friday. The State Bank of...

SBP to launch Rs50 commemorative coin

KARACHI: The State Bank of Pakistan (SBP) will launch a Rs50 Commemorative Coin on Friday to mark the Golden Jubilee of the 1973 Constitution...

Eidul Fitr: SBP issues statement about fresh currency notes

KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that it will not issue fresh currency notes for Eidul Fitr this year, ARY...

Pakistan’s remittances up27.4% to $2.53bn in March

KARACHI: Remittances sent by overseas Pakistani workers registered an increase to 27.4pc MoM $2.53 billion, compared to $2bn in February 2023, data issued by...

SBP jacks up interest rate to 21pc

KARACHI: The State Bank of Pakistan (SBP) on Tuesday raised the monetary policy rate by 100 basis points to 21per cent — the highest...

SBP likely to raise interest rate to unlock IMF loan programme

KARACHI: State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 per cent at the upcoming meeting of the Monetary...

SBP’s foreign exchange reserves decrease by $354m

KARACHI: The foreign exchange reserves held by State Bank of Pakistan (SBP) decreased by $354 million to $4.2443 billion, ARY News reported on Thursday,...

Banks to receive Hajj applications on Saturday, Sunday

KARACHI: The State Bank of Pakistan (SBP) on Friday announced that all designated bank branches will remain open on Saturday and Sunday (March 25...

SBP announces bank timings for Ramazan 2023

KARACHI: The State Bank of Pakistan (SBP) on Wednesday announced the timings to be observed by banks during the holy month of Ramazan, ARY...

SBP likely to jack up interest rate to unlock IMF loan

ISLAMABAD: State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 per cent at the upcoming meeting of the Monetary...

Textile sector on verge of default, APTMA writes to gov SBP

All Pakistan Textile Mills Association (APTMA) has warned that the textile sector is on the verge of default, ARY News reported on Tuesday. In a...

SBP receives $500mln from Chinese bank

ISLAMABAD: Finance Minister Senator Ishaq Dar on Friday said that the State Bank of Pakistan (SBP) received $500 million from Chinese Bank ICBC, ARY...

SBP’s foreign exchange reserves inch up by $18m

KARACHI: The foreign exchange reserves held by State Bank of Pakistan (SBP) increased by $18 million to $4.319 billion, ARY News reported on Thursday,...
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