SBP directs for opening bank branches on Saturday to receive Hajj applications

KARACHI: State Bank of Pakistan (SBP) on Thursday directed commercial banks to open branches on March 09 (Saturday) for collection of Hajj forms. Read more »

Pakistan’s foreign exchange reserves increase to $14.815 billion

KARACHI: The total foreign exchange reserves of Pakistan increased by $21 million to $14.815 billion by week ended February 22, 2019 as compared with $14.794 billion a week ago, the State Bank... Read more »

SBP issues instructions for opening bank accounts of Afghan refugees

KARACHI: State Bank of Pakistan (SBP) has issued instructions for banks regarding opening of bank accounts by Afghan refugees. Read more »

SBP approval mandatory for opening currency exchange outlets at airports

KARACHI: State Bank of Pakistan (SBP) on Thursday directed exchange companies to take approval from the central bank before opening outlets at any airport in the country. Read more »

SBP sells T-Bills worth Rs461.37 billion in auction

KARACHI: The government has raised Rs461.37 billion for budget financing through auction of market treasury bills in an auction held on Wednesday. State Bank of Pakistan (SBP) said that it had offered... Read more »

Banks to remain open on Saturday, Sunday for receiving Hajj applications

KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the commercial banks will remain open on March 2-3 (Saturday – Sunday) to facilitate pilgrims in depositing Hajj applications along with dues. Read more »

SBP announces freight support for sugar export

KARACHI: State Bank of Pakistan (SBP) on Friday said that it will disburse freight support payments to sugar mills in Punjab Province at variable rates to be calculated on daily basis as... Read more »

SBP launches three Sharia compliant refinancing schemes for SMEs

KARACHI: State Bank of Pakistan (SBP) has issued three Shariah Compliant Refinance Schemes that are expected to provide level playing field to the Islamic banking industry, a statement said on Friday. Read more »

Foreign exchange reserves decline by $101 million to $14.795 billion

KARACHI: Pakistan’s total foreign exchange reserves declined by $101 million to $14.795 billion by week ended February 15, 2019 as compared with Rs14.895 billion a week ago, State Bank of Pakistan (SBP)... Read more »

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. Read more »

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). Read more »