SBP
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SBP penalises five commercial banks | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank has slapped a penalty of Rs57.8 million on five commercial banks for violating rules and regulations during the quarter ended December 31, 2021. Citing the nature of the offence by the banks, the central bank said that they committed “violation of regulatory instructions pertaining to general banking operations.” The State…
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SBP receives $1 billion IMF loan tranche | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has received a loan installment of $1.053 billion from the International Monetary Fund (IMF) under the $6 billion Extended Fund Facility (EFF). “Following the successful completion of sixth review of the IMF programme, SBP has received the next tranche of $1.053 billion,” the State Bank of Pakistan…
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SBP incentivises exchange companies | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP), with the approval of the federal government, has introduced a new scheme for exchange companies under which they will receive an incentive of Re1 for each US dollar of home remittances surrendered in the inter-bank market. In this regard, they would be required to surrender 100% of…
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SBP receives $1b loan tranche from IMF | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan has received an installment of $1.053 billion from the International Monetary Fund under the Extended Fund Facility worth $6 billion. “Following the successful completion of the sixth review of the IMF program, SBP has received the next tranche of $1.053 billion,” the State Bank of Pakistan stated on…
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SBP introduces Raast P2P payment service | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has launched a person-to-person (P2P) funds transfer service in the country through its instant payment system Raast. This would provide a convenient and hassle-free digital funds transfer service to customers across the country, said a statement issued by the SBP on Thursday. Moreover, it will also provide…
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SBP reserves fall $463m to $15.73b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 2.86% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 28, the foreign currency reserves held by the SBP were recorded at $15,727.6 million, down $463 million compared with $16,190.1 million on January…
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Foreign exchange: SBP reserves fall $463m to $15.73b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 2.86% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 28, the foreign currency reserves held by the SBP were recorded at $15,727.6 million, down $463 million compared with $16,190.1 million on January…
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Senate passes crucial SBP bill amid Opposition’s protest ahead of IMF review
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[ad_1] Federal Minister for Finance and Revenue Shaukat Tarin tabling a motion seeking permission to introduce SBP bill in Senate on January 28, 2022. — Twitter/@SenatePakistan The upper house of the Parliament on Friday passed the controversial State Bank (Amendment) Bill 2021, amidst protests from the Opposition benches. On January 13, the National Assembly passed…
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SBP reserves fall $846m to $16.19b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 4.96% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 21, the foreign currency reserves held by the SBP were recorded at $16,190.1 million, down $846 million compared with $17,035.7 million on January…
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Foreign exchange: SBP reserves fall $846m to $16.19b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell 4.96% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On January 21, the foreign currency reserves held by the SBP were recorded at $16,190.1 million, down $846 million compared with $17,035.7 million on January…
