Foreign investors repatriate $892 million during 1HFY21

KARACHI: The foreign companies operating in Pakistan have repatriated around $892 million as profit and dividend during first half (July – December) of fiscal year 2020/2021 (1HFY21), according to data released by... Read more »

Exchange company license may be revoked on false information

KARACHI: The State Bank of Pakistan (SBP) has said it can revoke license of any exchange company in case the central bank has been provided with false, misleading or inaccurate information by... Read more »

SBP keeps policy rate unchanged at 7 percent

KARACHI: The Monetary Policy Committee (MPC) has decided to keep key policy rate unchanged at 7 percent for next two months, Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) said on... Read more »

Housing loan: SBP launches complaint resolution portal

KARACHI: The State Bank of Pakistan (SBP) has launched a compliant resolution portal in order to resolve complaints of potential customers under Markup Subsidy Scheme for affordable housing initiated by the government.... Read more »

Foreign exchange reserves fall by $399 million to $20.12 billion

KARACHI: The liquid foreign exchange reserves of the country fell by $399 million to $20.12 billion by week ended January 15, 2021, State Bank of Pakistan (SBP) said on Thursday. The foreign... Read more »

SBP directs banks to facilitate taxpayers in e-payment of duty, taxes

KARACHI: The State Bank of Pakistan (SBP) on Thursday directed banks to facilitate taxpayers in their payments of duty and taxes through digital/electronic (e-payment) system. The SBP said that the collection of... Read more »

Current account posts $662 million deficit in December

KARACHI: The balance of payment of the country registered a current account deficit of $662 million in December 2020 after posting a surplus for five consecutive months, State Bank of Pakistan (SBP)... Read more »

SBP likely keep policy rate unchanged at 7 percent: market poll

KARACHI: The financial market is expecting that the central bank may keep policy rate unchanged at 7 percent in its monetary policy announcement scheduled for January 22, 2021. According to a poll... Read more »

SBP to review 7pc policy rate on January 22

KARACHI: The State Bank of Pakistan (SBP) on Tuesday said that it will review the existing key policy rate at 7 percent on January 22, 2021. The SBP said that the Monetary... Read more »

Foreign investment drops by 72 percent in first half

KARACHI: The inflow of foreign investment into Pakistan has dropped by 72 percent during first half (July – December) of fiscal year 2020/2021 due to outflows from debt securities and equity market.... Read more »