Rupee recovers 15 paisas on SBP governor briefing

KARACHI: The Pak Rupee recovered 15 paisas against dollar on Tuesday day after the press conference of the governor of State Bank of Pakistan (SBP) for clarifying many issues about the economy. Read more »

Demand, supply to decide dollar rate: SBP governor

KARACHI: The demand and supply will decide the rate of US dollar, Reza Baqir, Governor, State Bank of Pakistan (SBP) said on Monday in his maiden press conference. Read more »

Remittances grow to $20.19 billion in 11 months

KARACHI: Overseas Pakistanis workers have sent $20.19 billion during July – May 2018/2019 as compared $18.28 billion in the same period of the last fiscal year, showing growth of 10.42 percent, State... Read more »

Foreign exchange reserves slip to $14.827 billion

KARACHI: The total foreign exchange reserves of the country have slipped by $63 million to $14.827 billion by week ended June 03, 2019 as compared with $14.89 billion as on May 31,... Read more »

Budget 2019/2020: No SBP borrowing from July 01

ISLAMABAD: The government has decided not to borrow from State Bank of Pakistan (SBP) from July 01, 2019 due to high inflation concerns. Read more »

Government borrows Rs3.2 trillion from SBP in 10 months: Economic Survey

ISLAMABAD: The government has borrowed Rs3.2 trillion from State Bank of Pakistan (SBP) for budget financing during first ten months of current fiscal year, Economic Survey of Pakistan revealed. The survey released... Read more »

Economic Survey 2018/2019: SBP increases policy rate by 650bps in past 18 months

ISLAMABAD: State Bank of Pakistan (SBP) enhanced policy rate by 650 basis points during last 18 months (January 2018 to date) for macroeconomic stabilization. Read more »

FBR acquires information of account holders having deposits Rs0.5 million from SBP

ISLAMABAD: Federal Board of Revenue (FBR) to acquire information of bank account holders having deposits above Rs0.5 million from the State Bank of Pakistan (SBP), sources said on Tuesday. Read more »

SBP issues Rs360 billion worth fresh currency notes on Eid-ul-Fitr

KARACHI: The State Bank of Pakistan (SBP) has issued Rs360 billion worth fresh currency notes on the occasion of Eid-ul-Fitr, said a statement on Monday. Read more »

SBP issues instructions for bank account biometric verification of Pakistanis living abroad

KARACHI: The State Bank of Pakistan (SBP) on Monday issued instructions for biometric verifications of bank account holders of Pakistanis living abroad. Read more »

Rs52 million approved as interest free loan for students

KARACHI: The apex committee for Student Loan Scheme having representation from State Bank of Pakistan, Finance Division (Government of Pakistan) and five major banks (NBP, HBL, UBL, ABL and MCB Bank) has... Read more »