Foreign exchange reserves increase to $15.249 billion

KARACHI: The total liquid foreign exchange reserves of the country increased by $990 million to $15.249 billion by week ended July 12, 2019 as compared with $14.259 billion a week ago, State... Read more »

SBP designates three systemically important banks for 2019

KARACHI: State Bank of Pakistan (SBP) has designated three Domestic Systemically Important Banks (D-SIBs) for the year 2019, a statement said on Thursday. Read more »

Tax collection from salary income declines by 44 percent: State Bank

KARACHI: Tax collection from salary income declined by 44 percent due to changes in income tax rates for all income slabs, according to a report issued by State Bank of Pakistan (SBP). Read more »

SBP sells treasury bills worth Rs2,212 billion in auction

KARACHI: State Bank of Pakistan (SBP) has raised Rs2,212 billion for budget financing in an auction of market treasury bills. Read more »

SBP issues procedure for opening bank accounts of politically exposed persons

KARACHI: State Bank of Pakistan (SBP) has issued procedure for opening bank accounts of Politically Exposed Persons (PEPs) and instructed banks to facilitate such persons without compromising due diligence process under anti-money... Read more »

SBP revises ‘blocked accounts’ of non-resident Pakistanis under Foreign Exchange Manual

KARACHI: State Bank of Pakistan (SBP) has revised blocked accounts of non-resident Pakistanis under Foreign Exchange Manual and laid down procedure for investment of amount from such blocked account. Read more »

SBP increases key policy rate by 100bps to 13.25 percent

KARACHI: The State Bank of Pakistan (SBP) on Tuesday increased key policy rate by 100 basis points to 13.25 percent for next two months. Read more »

Fiscal deficit deteriorates on slowdown in tax collection: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the fiscal deficit was ballooned owing to slowdown in tax revenue collection and fall in non-tax revenue. Read more »

Foreign direct investment falls by 50 percent in 2018/2019

KARACHI: The inflow of foreign direct investment (FDI) to the country has declined by 50 percent to $1.73 billion during fiscal year 2018/2019 as compared with $3.47 billion in the preceding fiscal... Read more »

Analysts forecast 100bps increase in policy rate

KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy on July 16, 2019 (Tuesday) and analysts forecast central bank may increase key policy rate by another 100... Read more »

SBP to announce monetary policy on July 16

KARACHI: State Bank of Pakistan (SBP) will announce key policy rate for next two months of July 16, 2019, a statement said on Friday. Read more »