Premium prize bonds get Rs19.21 billion investment; grow by 228 percent

KARACHI: The investment in premium prize bonds has surged by 228 percent to Rs19.21 billion by March 2020 as compared with Rs5.86 billion by the same month a year ago. According to... Read more »

Inflows of remittances registers 5.5 percent decline in April

KARACHI: The inflow of workers remittances has registered decline of 5.5 percent in April 2020, State Bank of Pakistan (SBP) said on Monday. Workers’ remittances during April 2020 amounted to US $... Read more »

SBP to announce monetary policy on May 15

KARACHI: State Bank of Pakistan (SBP) on Monday said that it will announce monetary policy statement for next two months on Friday May 15, 2020. The SBP in previous three announcement during... Read more »

SBP further relaxes refinance scheme to prevent major layoffs

KARACHI: State Bank of Pakistan (SBP) relaxes refinance scheme to prevent large scale layoff of workers due to adverse effects on the economy due to coronavirus. The SBP on Monday said that... Read more »

SBP expands economic refinance facility to existing projects

KARACHI: State Bank of Pakistan (SBP) on Friday expanded the economic refinance facilities to existing projects in order to provide relief the industry to dilute impact of coronavirus. The SBP issued the... Read more »

Foreign exchange reserves increase by $292 million to $18.75 billion

KARACHI: Pakistan’s foreign exchange reserves of the country have increased by $292 million to $18.755 billion by week ended April 30, 2020, State Bank of Pakistan (SBP) said on Thursday. The total... Read more »

SBP introduces credit risk sharing mechanism to support employment

KARACHI: Ministry of Finance and State Bank of Pakistan (SBP) introduce risk-sharing mechanism to support bank lending to SMEs and small businesses to avail SBP’s Refinance Facility to Support Employment. Taking cognizance... Read more »

SBP decides not to issue fresh currency notes for Eid ul Fitr

KARACHI: State Bank of Pakistan (SBP) on Monday said that it will not issue fresh currency notes on this Eid ul Fitr. The decision has been taken due to measures taken by... Read more »

SBP allows circulation of quarantined infected banknotes

KARACHI: State Bank of Pakistan (SBP) has advised banks to use the infected banknotes that have completed 14 days quarantine period. The SBP on Monday issued advisory for banks related to COVID-19... Read more »

SBP enhances refinancing limits for hospitals

KARACHI: State Bank of Pakistan (SBP) on Friday increased the refinancing limits for hospitals and medical centers in the background of rising cases of COVID-19 in the country and with the need... Read more »