SBP
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SBP projects economic slowdown | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has voiced fear that surging global crude oil prices will pose a threat to the country’s economic activities, which could slow down. However, the central bank expressed confidence that a flexible rupee-dollar exchange rate and revised benchmark interest rate would help the economy sail out from the…
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SBP reserves fall $381m to $15.83b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.35% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 11, the foreign currency reserves held by the SBP were recorded at $15,831.6 million, down $381 million compared with $16,212.2 million on March…
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SBP incentivises small accountholders | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has permitted microfinance banks (MFBs) to offer Investor Portfolio of Securities (IPS) accounts to their customers. Moreover, it has allowed microfinance bank accountholders to open IPS accounts with any scheduled bank to invest in government securities. According to a statement issued on Wednesday, the measures have been…
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SBP reserves fall $250m to $16.21 billion | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 1.52% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 4, the foreign currency reserves held by the SBP were recorded at $16,212.2 million, down $250 million compared with $16,462.3 million on February…
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SBP for including excluded segments in banking | The Express Tribune
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[ad_1] KARACHI: The vision of full financial inclusion in the country cannot be achieved without bringing the excluded segments of society in the formal banking sector, said State Bank of Pakistan (SBP) Governor Reza Baqir. Addressing an event titled “Moving towards Inclusive Pakistan”, he emphasised that persons with disabilities must enjoy fair and equal access…
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SBP leaves interest rate unchanged | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank on Tuesday left the key policy rate unchanged at 9.75% for the next six weeks, suggesting that the rate stands at an appropriate level to further reduce inflationary pressure and avoid an extended slowdown in economic growth in the ongoing fiscal year. It, however, said it may convene the next…
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Monetary policy: SBP leaves interest rate unchanged at 9.75% | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, the State Bank of Pakistan left the benchmark interest rate unchanged at 9.75% for the next one and half month on Tuesday. The market had expected status quo in the interest rate after the State Bank of Pakistan (SBP) strongly hinted at status quo in the policy rate…
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SBP reserves fall $344m to $16.46b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.05% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 25, the foreign currency reserves held by the SBP were recorded at $16,462.3 million, down $344 million compared with $16,806.5 million on February…
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SBP focusing on P2C under Raast | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is working to roll out product-to-consumer (P2C) digital payment system under Raast this year which will create an enabling environment for e-commerce business to thrive in the country. The instant payment system would lead the way for the central bank to introduce its own digital currency in future. “The next…
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Foreign exchange: SBP reserves fall $344m to $16.46b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 2.05% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On February 25, the foreign currency reserves held by the SBP were recorded at $16,462.3 million, down $344 million compared with $16,806.5 million on February…
