Foreign direct investment falls by 58.4pc in July – August

KARACHI: The inflow of foreign direct investment (FDI) has declined 58.4 percent in the first two months of current fiscal year, according to data released by State Bank of Pakistan (SBP) on... Read more »

SBP keeps policy rate unchanged at 13.25 percent for next two months

KARACHI: The State Bank of Pakistan (SBP) on Monday kept the policy rate unchanged at 13.25 percent for next two months considering the present discount rate to help in reducing inflation in... Read more »

Deposits of Islamic banks grow by 18.8 percent to Rs2,415 billion

KARACHI: Deposits of Islamic banking system has increased by 18.8 percent to Rs2,415 billion by end-June 2019 as compared with Rs2,033 billion a year ago, State Bank of Pakistan (SBP) said on... Read more »

Remittances decline by 8.37pc to $3.73 billion in July – August

KARACHI: The inflows of workers’ remittances have declined by 8.37 percent to $3.73 billion during first two months (July – August) 2019/2020 as compared with $4.071 billion in the same months of... Read more »

Pakistan’s foreign exchange reserves increase by $132 million to $15.751 billion

KARACHI: The liquid foreign exchange reserves of the country have increased by $132 million to $15.751 billion by week ended September 06, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »

SBP to decide key policy rate on Sept 16

KARACHI: State Bank of Pakistan (SBP) will decide key policy rate for next two months on Monday, September 16, 2019. The present policy rate is 13.25 percent. Read more »

Banking deposits growth lowest since 2008: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that the deposits of banks registered 9.55 percent growth in 2018, which is the lowest since year 2008. Read more »

FED imposition may negatively affect local automobile assembling: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that the imposition of federal excise duty (FED) may negatively affect local automobile industry as imported parts would become costlier. Read more »

Insurance sector growth continues; assets increase to Rs1,207 billion

KARACHI: The assets for the Life Insurance sector grew by 11.92 percent to Rs1,207 billion for CY18 as life insurers increased their Total Investments by 13.52 percent to Rs997 billion; investments now... Read more »

Investment in premium prize bonds grows by 115 percent after ban on bearer instruments

KARACHI: The investment in premium prize bonds of Rs40,000 denomination has increased sharply by 115 percent following the ban imposed by the government on bearer instrument of same denomination. Read more »

Bank holiday

KARACHI: State Bank of Pakistan (SBP) on Thursday announced bank holiday on account of Ashura on Muharram 9 and 10. Read more »

Foreign exchange reserves flat at $15.619 billion

KARACHI: The liquid foreign exchange reserves of the country has increased by $10 million to $15.619 billion by August 30, 2019 as compared with $15.629 billion a week ago, the State Bank... Read more »