SME financing crosses over Rs500 billion: SBP
KARACHI: State Bank of Pakistan (SBP) on Tuesday said that SME financing by banks has first time crossed the milestone of Rs500 billion.
State Bank of Pakistan
Taking out of jewellery and precious stones prohibited
KARACHI: The laws have prohibited export from Pakistan of jewellery or precious stones except with the general or special permission of the State Bank (SBP).
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 prevailing laws including…
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.
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 global body of…
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) said on Thursday.
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.
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 year ago, according…
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.
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.
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 of the last…
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 fiscal year.