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Tag: SBP

SBP Reports 34% Growth in Home Remittances for 5MFY25

December 9, 2024December 9, 2024Shahnawaz Akhter

Karachi, December 9, 2024 – The State Bank of Pakistan (SBP) announced on Monday that home remittances have experienced a robust growth of 34% during the first five months (July–November) of the fiscal year 2024-25. This surge reflects the resilience of overseas Pakistanis in contributing to the national economy.

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State Bank of Pakistan Report

SBP Issues Foreign Exchange Rates for December 9, 2024

December 9, 2024December 9, 2024Faisal Shahnawaz

Today, December 9, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

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Analysts Bet on 200 Basis Points Cut in Benchmark Policy Rate

December 7, 2024December 7, 2024Shahnawaz Akhter

Analysts at Arif Habib Limited are forecasting a 200 basis points (bps) reduction in the benchmark policy rate in the upcoming monetary policy meeting (MPC) set for December 16, 2024. This would mark the last policy announcement of the year by the State Bank of Pakistan (SBP). If this anticipated cut occurs, it would bring […]

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State Bank of Pakistan Report

SBP Issues Foreign Exchange Rates for December 6, 2024

December 6, 2024December 6, 2024Faisal Shahnawaz

Today, December 6, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

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coins and money

Banks Gear Up for Profit Boost Amid SBP Reform: Analysis

December 6, 2024December 6, 2024Faisal Shahnawaz

Karachi, December 6, 2024 – Conventional banks in Pakistan are preparing for a potential profit surge following the State Bank of Pakistan’s (SBP) upcoming changes to the profit calculation framework for savings accounts, set to take effect on January 1, 2025.

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foreign exchange

Pakistan’s Forex Reserves Climb to $16.62 Billion

December 5, 2024December 5, 2024Faisal Shahnawaz

Karachi, December 5, 2024 – Pakistan’s foreign exchange (forex) reserves rose to $16.62 billion as of November 29, 2024, reflecting a weekly increase of $544 million, according to a report released by the State Bank of Pakistan (SBP) on Thursday.

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Pakistan and Saudi Arabia Economic

Saudi Arabia Rolls Over $3 Billion Deposits for Pakistan

December 5, 2024December 5, 2024Shahnawaz Akhter

Karachi, December 5, 2024 – The Saudi Fund for Development (SFD), acting on behalf of the Kingdom of Saudi Arabia, has extended the maturity of its $3 billion deposit with the State Bank of Pakistan (SBP) for another year.

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State Bank of Pakistan Report

SBP Issues Foreign Exchange Rates for December 5, 2024

December 5, 2024December 5, 2024Faisal Shahnawaz

Today, December 5, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

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State Bank of Pakistan Report

SBP Issues Foreign Exchange Rates for December 4, 2024

December 4, 2024December 4, 2024Faisal Shahnawaz

Today, December 4, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

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state bank of pakistan 03

Symmetry Group Secures SBP Website Maintenance Contract

December 4, 2024December 4, 2024Hamza Shahnawaz

Karachi, December 4, 2024 – Symmetry Group Limited has announced its successful bid for the development and maintenance of the State Bank of Pakistan’s (SBP) external website. The contract, spanning five years, was awarded following a competitive process and underscores Symmetry Group’s growing prominence in the digital technology sector.

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