FPCCI says lowering interest rate by one percent not to help economy

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday said that the decision to lower interest rate by one percent will not help the country to boost especially considering... Read more »

SBP slashes policy rate by 100 basis points to 8 percent

KARACHI: The State Bank of Pakistan (SBP) on Friday decided to further reduce the policy rate by 100 basis points to 8 percent as inflation outlook has improved further in light of... Read more »

Foreign exchange reserves ease to $18.74 billion

KARACHI: The foreign exchange reserves of the country eased by $10 million to $18.745 billion by week ended May 02, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange... Read more »

SBP likely to further ease monetary policy stance by 100bps: analysts

KARACHI: Analysts believe that the State Bank of Pakistan (SBP) likely to further ease the key policy rate by 100 basis points in the upcoming announcement scheduled for May 15, 2020. Analysts... Read more »

Premium prize bonds get Rs19.21 billion investment; grow by 228 percent

KARACHI: The investment in premium prize bonds has surged by 228 percent to Rs19.21 billion by March 2020 as compared with Rs5.86 billion by the same month a year ago. According to... Read more »

Inflows of remittances registers 5.5 percent decline in April

KARACHI: The inflow of workers remittances has registered decline of 5.5 percent in April 2020, State Bank of Pakistan (SBP) said on Monday. Workers’ remittances during April 2020 amounted to US $... Read more »

SBP to announce monetary policy on May 15

KARACHI: State Bank of Pakistan (SBP) on Monday said that it will announce monetary policy statement for next two months on Friday May 15, 2020. The SBP in previous three announcement during... Read more »

SBP further relaxes refinance scheme to prevent major layoffs

KARACHI: State Bank of Pakistan (SBP) relaxes refinance scheme to prevent large scale layoff of workers due to adverse effects on the economy due to coronavirus. The SBP on Monday said that... Read more »

SBP expands economic refinance facility to existing projects

KARACHI: State Bank of Pakistan (SBP) on Friday expanded the economic refinance facilities to existing projects in order to provide relief the industry to dilute impact of coronavirus. The SBP issued the... Read more »

Foreign exchange reserves increase by $292 million to $18.75 billion

KARACHI: Pakistan’s foreign exchange reserves of the country have increased by $292 million to $18.755 billion by week ended April 30, 2020, State Bank of Pakistan (SBP) said on Thursday. The total... Read more »