SBP
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SBP foreign exchange reserves fall to near nine-year low
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[ad_1] In this file photo taken on April 22, 2022 US dollar coins and banknotes are seen displayed on a table, in London. — AFP The State Bank of Pakistan-held (SBP) foreign exchange reserves plummet to a near nine-year low…
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Traders protest outside SBP against non-clearance of containers | The Express Tribune
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[ad_1] KARACHI: Traders of Karachi came out on the streets and protested outside the State Bank of Pakistan (SBP) on Thursday against the non-clearance of containers and embargo on letters of credit (LCs) due to a lack of foreign exchange…
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Good news for businesses, SBP withdraws import restrictions from January 2
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[ad_1] The State Bank of Pakistan building in Karachi. — AFP/File The State Bank of Pakistan (SBP) Tuesday notified its decision to withdraw the restrictions placed on imports with effect from January 2, 2023to provide a relief for industries and…
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SBP forex reserves fall to level less than 40 days of imports
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[ad_1] An undated image of a currency dealer counting $100 notes. — AFP/File The foreign exchange reserves held by the State Bank of Pakistan (SBP) plunged over $500 million to their lowest level since April 2014 during the week that ended…
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SBP governor assures Pakistan will pay debts ‘on time’ | The Express Tribune
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[ad_1] Governor State Bank of Pakistan (SBP) Jameel Ahmad has provided assurances that Pakistan will pay all its debts “on time” and that foreign exchange reserves are expected to increase during the second half of the financial year. In the…
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No restrictions imposed on LCs for import of crude oil, LNG: SBP
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[ad_1] An undated image of the State Bank of Pakistan building in Karachi. — AFP/File The State Bank of Pakistan (SBP) Thursday clarified that no restrictions have been imposed on the opening of Letters of Credit (LCs) or contracts for…
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SBP governor assures Pakistan to repay $1bn bond 3 days before due date
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[ad_1] State Bank of Pakistan Governor Jameel Ahmad. — Twitter/@StateBank_Pak ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad Friday assured that country will repay a $1 billion international bond on December 2 — three days before its due date….
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SBP jacks up interest rate to 16% — highest since 1999
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[ad_1] The State Bank of Pakistan (SBP) building in Karachi. — AFP/File KARACHI: Contrary to market expectations, the State Bank of Pakistan (SBP) raised its key policy rate by 100 basis points to 16% — the highest level since 1999…
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Pakistan to repay $1b bond early: SBP governor | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan will repay a $1 billion international bond on December 2, three days before its due date, the governor of the State Bank of Pakistan (SBP) told a briefing on Friday. There has been growing uncertainty about the…
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SBP forex reserves tick up $3m to $7.96bn
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[ad_1] In this file photo taken on April 22, 2022 US dollar coins and banknotes are seen displayed on a table, in London. — AFP/File KARACHI: State Bank of Pakistan’s (SBP) foreign exchange reserves edged up by $3 million to…
