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Tag: SBP

SBP maintains policy rate at 11% amid geopolitical conflict

June 16, 2025June 16, 2025Shahnawaz Akhter

Karachi, June 16, 2025 – The State Bank of Pakistan (SBP) has decided to maintain the policy rate unchanged at 11%, reflecting a cautious but steady approach toward monetary management amid rising geopolitical tensions. In its meeting on Monday, the SBP’s Monetary Policy Committee (MPC) concluded that the current policy rate remains appropriate to support […]

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State Bank of Pakistan Report

SBP releases foreign currency rates for June 13, 2025

June 13, 2025June 13, 2025Faisal Shahnawaz

On June 13, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

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FBR Pakistan Karachi

FBR launches probe into foreign assets of former SBP governor

June 13, 2025June 13, 2025Shahnawaz Akhter

Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.

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state bank of pakistan 03

SBP launches advanced PRISM+ system as part of Vision 2028

June 12, 2025June 12, 2025Shahnawaz Akhter

Karachi, June 12, 2025 – In a major stride towards modernizing Pakistan’s financial ecosystem, the State Bank of Pakistan (SBP) has officially announced the launch of its upgraded Real-Time Gross Settlement (RTGS) and Central Securities Depository (CSD) system, named PRISM+, effective June 16, 2025.

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foreign exchange

Pakistan’s forex reserves climb $277 million in a week: SBP

June 12, 2025June 12, 2025Shahnawaz Akhter

Karachi, June 12, 2025 – Pakistan’s foreign exchange (forex) reserves witnessed a notable increase of $277 million during the week ended June 6, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday.

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SBP to announce monetary policy on June 16, 2025

June 12, 2025June 12, 2025Shahnawaz Akhter

Karachi, June 12, 2025 – The State Bank of Pakistan (SBP) has confirmed that it will unveil its next monetary policy decision on Monday, June 16, 2025. The Monetary Policy Committee (MPC) of the SBP will convene on the same day to deliberate on the interest rate stance, following which the central bank will issue […]

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State Bank of Pakistan Report

SBP releases foreign currency rates for June 12, 2025

June 12, 2025June 12, 2025Faisal Shahnawaz

On June 12, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

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SBP receives nearly $35 billion in remittances during 11MFY25

June 11, 2025June 11, 2025Faisal Shahnawaz

Karachi, June 11, 2025 – The State Bank of Pakistan (SBP) has reported a substantial increase in remittances, receiving nearly $35 billion during the first eleven months (July to May) of the fiscal year 2024-25. This significant growth highlights the increasing role of overseas Pakistanis in supporting the country’s economy through foreign inflows.

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State Bank of Pakistan Report

SBP releases foreign currency rates for June 11, 2025

June 11, 2025June 11, 2025Faisal Shahnawaz

On June 11, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

Continue Reading
State Bank of Pakistan Report

SBP releases foreign currency rates for June 10, 2025

June 10, 2025June 10, 2025Faisal Shahnawaz

On June 10, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.

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  • Swiatek, Rybakina storm into French Open second round as Wawrinka, Monfils bid farewell
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