Foreign exchange reserves increase to $18.271 billion

KARACHI: The liquid foreign exchange of the country increased by $148 million to $18.271 billion by week ended January 17, 2020, the State Bank of Pakistan (SBP) said on Thursday. Read more »

SBP to announce monetary policy on January 28

KARACHI: State Bank of Pakistan (SBP) will announce monetary policy for next two months on Tuesday, January 28, 2020, a statement said on Tuesday. Read more »

Banks asked to ensure compliance in collection of donations for Dam Fund

KARACHI: State Bank of Pakistan (SBP) on Monday said any laxity by banks in collection of donations for Dam Funds will tantamount to contempt of court. Read more »

Foreign exchange reserves increase to $18.123 billion

KARACHI: The foreign exchange reserves of the country have increased by $39 million to $18.123 billion by week ended January 10, 2020 as compared with $18.084 billion a week ago, State Bank... Read more »

Foreign direct investment increases by 68.3% in first half

KARACHI: The foreign direct investment (FDI) into Pakistan has increased by 68.3 percent during first six months (July – December) of 2019/2020 owing to lower outflows during the period, according to data... Read more »

SBP imposes penalty on five banks for violation

KARACHI: State Bank of Pakistan (SBP) has imposed monetary penalty on five banks including Summit Bank, Habib Metropolitan Bank, MCB Bank, National Bank of Pakistan and Bank Alfalah for violating regulatory environment. Read more »

Rs40,000 bearer prize bonds allowed conversion up to March 31

KARACHI: People can surrender Rs40,000 denomination bearer prize bonds by March 31, 2020 and exchange the amount with registered bonds or other given options. Read more »

Overseas Pakistanis send $11.4 billion during first half

KARACHI: Overseas Pakistanis have sent $11.4 billion during first half (July – December) 2019/2020, which is 3.31 percent higher than remittances received in the same period of the last fiscal year, State... Read more »

Banks sign agreement for setting up corporate restructuring company

KARACHI: About 10 banks have signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Limited (PCRCL). Read more »

Exchange rate determines by market forces: SBP

KARACHI: State Bank of Pakistan (SBP) on Friday said that exchange rate has been determined by market forces on the basis of demand and supply. Read more »

Bank deposits increase to record high of Rs14.63 trillion

KARACHI: The deposits of banking system have increased to all time high of Rs14.63 trillion by December 2019, according to data released by State Bank of Pakistan (SBP). Read more »