SBP Archives - Page 73 of 372

SBP Projects Rs 1.3 Trillion Interest Expense Savings on Rate Cuts

November 4, 2024November 4, 2024Shahnawaz Akhter

Karachi, November 4, 2024 – The State Bank of Pakistan (SBP) projects significant fiscal savings following its recent policy rate cuts, estimating that total interest expenses for the fiscal year 2024-25 will decrease to Rs 8.5 trillion from the initially budgeted Rs 9.8 trillion.

SBP Slashes Benchmark Policy Rate by 250 Basis Points to 15%

November 4, 2024November 4, 2024Shahnawaz Akhter

Karachi, November 4, 2024 – In a bold move, the State Bank of Pakistan (SBP) announced a significant reduction in the country’s benchmark interest rate by 250 basis points (bps), bringing it down to 15%. The central bank’s decision, effective from November 5, 2024, reflects growing confidence in the ongoing disinflation trend, with inflation moderating […]

SBP Issues Foreign Exchange Rates for November 4, 2024

November 4, 2024November 4, 2024Faisal Shahnawaz

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

SBP Issues Foreign Exchange Rates for November 1, 2024

November 1, 2024November 1, 2024Faisal Shahnawaz

Today, November 1, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

Pakistan’s Foreign Exchange Reserves Rise by $32 Million

October 31, 2024October 31, 2024Shahnawaz Akhter

Karachi, October 31, 2024 – Pakistan’s foreign exchange reserves posted a modest uptick, increasing by $32 million over the past week, as revealed by the latest data from the State Bank of Pakistan (SBP) on Thursday.

SBP Issues Foreign Exchange Rates for October 31, 2024

October 31, 2024October 31, 2024Faisal Shahnawaz

Today, October 31, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

SBP Raises Rs 820 Billion in T-Bill Auction in Strong Participation

October 30, 2024October 30, 2024Shahnawaz Akhter

Karachi, October 30, 2024 – The State Bank of Pakistan (SBP) successfully raised Rs 820 billion in a heavily subscribed treasury bill (T-Bill) auction on Wednesday, drawing substantial interest from banking institutions.

SBP Issues Foreign Exchange Rates for October 30, 2024

October 30, 2024October 30, 2024Faisal Shahnawaz

Today, October 30, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.

SBP Levies Rs 290.71 Million in Penalties on Habib Bank

October 29, 2024October 29, 2024Shahnawaz Akhter

Karachi, October 29, 2024 — The State Bank of Pakistan (SBP) has imposed a hefty penalty of Rs 290.71 million on Habib Bank Limited (HBL) over the first nine months of 2024, marking a significant increase in regulatory fines compared to the same period last year.

SBP Issues Foreign Exchange Rates for October 29, 2024

October 29, 2024October 29, 2024Faisal Shahnawaz

Today, October 29, 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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