The State Bank of Pakistan (SBP) announced Monday that the Federal Government has extended the deadline for redemption of unregistered prize bonds until June 30, 2023.
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Stay informed with SBP announcements, interest rates, banking policies, exchange rates, financial regulations, and economic updates.
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SBP directs banks to formulate digital fraud prevention policy to protect account holders
The State Bank of Pakistan (SBP) has issued new policy guidelines for banks in the country, instructing them to formulate a digital fraud prevention policy to safeguard their customers’ accounts.
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SBP’s weighted average customer exchange rates on April 14, 2023
KARACHI: The State Bank of Pakistan (SBP) on Friday issued foreign exchange rates for April 14, 2023.
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Supreme Court orders SBP to release funds for elections
The Supreme Court of Pakistan Friday directed the State Bank of Pakistan to release Rs21 billion in funds to the Election Commission of Pakistan (ECP) for holding elections for the Punjab Assembly.
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SBP announces bank holidays for Eid-ul-Fitr 2023
KARACHI: State Bank of Pakistan (SBP) on Friday announced bank holidays for Eid-ul-Fitr from April 21 to 25, 2023 (Friday to Tuesday).
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Pakistan raises benchmark rate to 21% to tackle economic challenges: SBP
The State Bank of Pakistan (SBP) has raised its benchmark policy rate by a significant 1400 basis points to 21 per cent over the past 18 months to address the economic challenges being faced by the country.
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Pakistan’s banking sector exposed to sovereign borrowing
Pakistan’s banking sector is facing growing risks due to its increasing exposure to the government, according to a report issued by the World Bank.
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SBP extends implementation date for IFRS 9 for larger banks and DFIs
The State Bank of Pakistan (SBP) has extended the effective implementation date of the International Financial Reporting Standards (IFRS) 9 for banks and development finance institutions (DFIs).
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Pakistan’s foreign exchange reserves decline to $9.565 billion due to external repayment
Pakistan’s foreign exchange reserves have declined by $195 million to $9.565 billion due to repayment of foreign debt, State Bank said on Thursday.
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SBP issues Rs50 commemorative coin to mark golden jubilee of Constitution
State Bank of Pakistan (SBP) on Thursday announced to issue Rs50 commemorative coin to mark Golden Jubilee of the Constitutions 1973.
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