Carrying above $10,000 without source to be dealt under anti-money laundering laws

KARACHI: The government has prescribed a limit of foreign currency amounting above $10,000 or equivalent within Pakistan. A person carry foreign currency above this limit without explaining source may be dealt under... Read more »

Maximum Rs3,000 allowed to take out from Pakistan to India

KARACHI: A person is allowed to take out Pakistani currency a maximum amount of Rs3,000 for traveling to India. Read more »

SBP’s deposit protection corp becomes member of IADI

KARACHI: The Secretariat of International Association of Deposit Insurers (IADI) has decided to admit Deposit Protection Corporation (DPC), State Bank of Pakistan as IADI Member. DPC is the 84th member of the... Read more »

Pakistan foreign exchange reserves increase to $14.895 billion

KARACHI: Pakistan’s foreign exchange reserves have increased by $10 million to $14.895 billion by week ended February 08, 2019 as compared with $14.885 billion a week ago, State Bank of Pakistan (SBP)... Read more »

SBP directs banks to display contact details to facilitate customers

KARACHI: State Bank of Pakistan (SBP) on Thursday directed all banks to display prominently contact details to facilitate customers in case of complaints and other issues. Read more »

Investment in unregistered prize bonds increases by 17pc to Rs922.78 billion

KARACHI: The investment in unregistered prize bonds has increased by 17 percent to Rs922.78 billion by month-end of December 2018 as against ending stock of Rs788.4 billion in the same month a... Read more »

SBP sells treasury bills worth Rs2,107.51 billion in auction

KARACHI: The State Bank of Pakistan (SBP) has raised Rs2,107.51 billion in an auction of Market Treasury Bills (MTBs) held on Wednesday. Read more »

Banking deposits decline to Rs13.057 trillion by January 2019

KARACHI: The deposits of banking system has declined by 2.22 percent to Rs13.057 trillion by end of January 2019 as compared with Rs13.35 trillion as of December 31, 2018. Read more »

Remittances grow by 12.22pc to $12.77 billion in seven months

KARACHI: The remittances sent by overseas Pakistanis have increased by 12.22 percent to $12.774 billion during first seven months (July – January) 2018/2019 as compared with $11.383 billion in the corresponding period... Read more »

Banks disburse Rs527 billion agriculture credit during first half: SBP

KARACHI: Banks have disbursed Rs527 billion as agriculture credit during first half of current fiscal year, which is 22 percent higher than the disbursement made during the same period of the last... Read more »

Govt. domestic debt increases by 13.6pc to Rs17,536 billion

KARACHI: The volume of domestic debt has increased by 13.6 percent to Rs17,536 billion by end-December 2018 as compared with Rs15,437 billion in the same month a year ago, according to State... Read more »

SBP estimates ICT exports worth $1.5bn remain undocumented

KARACHI: State Bank of Pakistan (SBP) has estimated that around $1.5 billion exports in Information and Communications Technologies (ICT) are remained undocumented due to absence of major world’s leading payment solution provider... Read more »