SBP
-
SBP urges banks to boost agri-financing | The Express Tribune
.
[ad_1] KARACHI: State Bank of Pakistan (SBP) Deputy Governor Sima Kamil, while appreciating the efforts of all stakeholders, has urged banks to leverage the SBP’s recent initiatives and expedite efforts to boost agriculture financing and enhance outreach, especially in the underserved areas. She made the remarks while chairing the quarterly follow-up meeting of the Agricultural…
-
SBP injects Rs1tr into open market | The Express Tribune
.
[ad_1] KARACHI: The State Bank of Pakistan (SBP) has supplied over Rs1 trillion to the conventional and Shariah-compliant commercial banks for an unusual longer period of 63 days for the second time in one week to push them to bring down the interest rate on financing for the government. The overall injections came in at…
-
SBP injects Rs1.8tr to rationalise bond yields | The Express Tribune
.
[ad_1] KARACHI: The central bank has provided Rs1.82 trillion to commercial banks for an unusual longer period of 63 days in an apparent bid to rationalise the higher yields on sovereign bonds ahead of the treasury bills auction next week. Earlier, the government raised less-than-targeted funds because of the higher yields on T-bills and Pakistan…
-
SBP reserves fall $75m to $10.1 billion | The Express Tribune
.
[ad_1] The foreign exchange reserves held by the central bank decreased 0.74% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 20, the foreign currency reserves held by the SBP were recorded at $10,088.6 million, down $75 million compared with $10,163.6 million on May 13.…
-
Foreign exchange: SBP reserves fall $75m to $10.1b | The Express Tribune
.
[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 0.74% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 20, the foreign currency reserves held by the SBP were recorded at $10,088.6 million, down $75 million compared with $10,163.6 million on May…
-
SBP cuts auto financing tenure | The Express Tribune
.
[ad_1] KARACHI: In a bid to arrest the fast depleting foreign exchange reserves, the State Bank of Pakistan (SBP) has decided to reduce the auto financing tenure. In a circular issued on Tuesday, the central bank underlined that the maximum tenure of auto financing facility was reduced from five to three years for vehicles above…
-
SBP further increases policy rate by 150bps to control inflation
.
[ad_1] This file photo shows the building of the State Bank of Pakistan. — AFP KARACHI: In a bid to maintain the balance between inflation and economic growth, the State Bank of Pakistan (SBP) on Monday raised the benchmark policy rate by 150 basis points to 13.75% for the next six weeks. More to follow…
-
SBP increases interest rate to 13.75% | The Express Tribune
.
[ad_1] KARACHI: Pakistan’s central bank has increased the benchmark interest rate by 150 basis points to 13.75% for the next six weeks. At a scheduled meeting on Monday, the bank revised the rate upwards ahead of the likely revival of the International Monetary Fund’s (IMF) $6 billion loan programme, which has been on hold for…
-
SBP reserves dip $145m to $10.16b | The Express Tribune
.
[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 1.40% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 13, the foreign currency reserves held by the SBP were recorded at $10,163.6 million, down $145 million compared with $10,308.7 million on May…
-
SBP slams illegal forex trading platforms | The Express Tribune
.
[ad_1] KARACHI: Taking notice of the increasing number of offshore foreign exchange trading platforms, the State Bank of Pakistan (SBP) has clarified that buying products/ services from such platforms is prohibited and against the laws of the land. In a statement on Wednesday, the central bank pointed out that these trading platforms – such as…
