Karachi: Pakistan has witnessed a significant 31.3% surge in foreign direct investment (FDI) during the first five months (July–November) of the fiscal year 2024-25, reflecting growing investor confidence in the country’s economic prospects.
(more…)Tag: State Bank of Pakistan
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SBP Unveils New eCIB System for Enhanced Data Reporting
Karachi: The State Bank of Pakistan (SBP) has announced the launch of an upgraded eCIB system (V2) for banks and financial institutions (FIs) to streamline data submission and credit reporting processes. The move aims to enhance efficiency and accuracy in reporting, ensuring compliance with modern regulatory standards.
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Pakistan Posts $944 Million Current Account Surplus in 5MFY25
Karachi, December 17, 2024 – Pakistan has reported a significant current account surplus of $944 million for the first five months (July to November) of the fiscal year 2024-25, according to balance of payment data released by the State Bank of Pakistan (SBP) on Tuesday.
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SBP Issues Foreign Exchange Rates for December 17, 2024
Today, December 17, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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SBP Warns of Inflation Risks from Potential Tax Measures
Karachi, December 17, 2024 – The State Bank of Pakistan (SBP) has expressed concerns over potential risks to the inflation outlook, particularly due to the possibility of additional tax measures. During a briefing following the latest decision by the Monetary Policy Committee (MPC), analysts at Insight Securities (Pvt) Ltd noted that the SBP Governor indicated a more optimistic outlook for FY25.
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SBP Slashes Benchmark Policy Rate by 200 Basis Points to 13%
Karachi, December 16, 2024 – The State Bank of Pakistan (SBP) announced a significant cut of 200 basis points in its benchmark policy rate, bringing it down from 15% to 13%.
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SBP Issues Foreign Exchange Rates for December 16, 2024
Today, December 16, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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SBP Announces Final Policy Rate Decision for 2024
Karachi, December 15, 2024 – The State Bank of Pakistan (SBP) is set to announce its final monetary policy for the year on Monday, December 16, 2024. This SBP decision is highly anticipated, with markets forecasting a significant rate adjustment.
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SBP Shelters Around 99% Bank Depositors in Protection Regime
KARACHI: The State Bank of Pakistan (SBP) has reaffirmed its commitment to safeguarding the interests of the country’s bank depositors, ensuring protection for approximately 99% of all account holders through its robust deposit protection framework.
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PayPal Payment Solution Discussed for Pakistan’s Freelancers
Islamabad, December 13, 2024 – A high-level meeting of the Prime Minister’s Committee on IT Export Remittances convened to address the pressing need for payment solutions, including PayPal, to support Pakistan’s freelancers. The meeting emphasized the urgency of enabling access to global payment gateways and developing localized payment systems to empower IT professionals and enhance Pakistan’s global competitiveness.
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