SBP
-
Govt won’t back off on SBP autonomy: Tarin | The Express Tribune
.
[ad_1] ISLAMABAD: As the International Monetary Fund (IMF) gave a second lifeline to Pakistan to meet a crucial condition, Finance Minister Shaukat Tarin on Wednesday declared that the government would not back off from having the State Bank of Pakistan (SBP) amendment bill approved by the Senate. Addressing a news conference, Tarin also said that…
-
T-bill yields fall as SBP maintains rate | The Express Tribune
.
[ad_1] KARACHI: The cut-off yields on treasury bills (T-bills) fell in the range of 15-68 basis points in the auction of sovereign debt securities on Wednesday, encouraging the government to raise a higher amount of debt against the target to pay off previous loans. “Cut-off yields have declined after the central bank left the benchmark…
-
SBP working on new mechanism to aid SMEs | The Express Tribune
.
[ad_1] KARACHI: The State Bank of Pakistan (SBP) is making all possible efforts to enhance collaboration with the industry and trade chambers across the country to spread awareness of its credit schemes to boost their utilisation, remarked SBP Banking Services Corporation (BSC) Managing Director Muhammad Ashraf Khan. Inaugurating the two-day SME Mela in Multan on…
-
Monetary policy: SBP leaves policy rate on hold at 9.75%
.
[ad_1] State Bank of Pakistan Governor Reza Baqir addressing a press conference on January 24, 2022. — YouTube screengrab KARACHI: State Bank of Pakistan (SBP) Governor Reza Baqir announced Monday that the monetary policy has been maintained at 9.75% for the next two months — in line with market expectations. The central bank stated that in…
-
Is it a crime to work for IMF? asks SBP chief
.
[ad_1] Dr Reza Baqir. File photo ISLAMABAD: State Bank of Pakistan Governor Dr Reza Baqir Monday responded to criticism directed at him by the Opposition parties for his previous affiliation with the International Monetary Fund (IMF), asking, “Is it a crime to work for an international organization?” Briefing the Senate’s Standing Committee on Finance, Reza…
-
Miftah Ismail chides govt, terms SBP ‘State Bank of IMF’
.
[ad_1] PML-N leader and former finance minister Miftah Ismail addressing a press conference alongside PML-N leader Musadik Malik (not pictured) in Karachi on December 31, 2021. — YouTube KARACHI: After the PTI-led government unveiled the SBP Amendment Bill in the National Assembly yesterday, the State Bank of Pakistan has “now become the State Bank of…
-
SBP increases policy rate by 100bps to 9.75%
.
[ad_1] Building of State Bank of Pakistan in Karachi. — AFP/File KARACHI: In a bid to counter inflationary pressures and to ensure that growth remains sustainable, the State Bank of Pakistan (SBP) on Tuesday announced an increase of 100 basis points in the benchmark policy rate, taking it to 9.75%. In a statement, the central…
-
SBP governor stresses need for expeditious investigation of white-collar crimes
.
[ad_1] State Bank of Pakistan (SBP) Governor Dr Reza Baqir. — Twitter/File KARACHI: There is a need for closer cooperation amongst banks, the central bank and the Federal Investigation Agency (FIA) so that “white-collar crimes are expeditiously investigated and fraudsters are apprehended and prosecuted”, State Bank of Pakistan (SBP) Governor Dr Reza Baqir stressed on…
-
SBP hikes interest rate by 150 bps to 8.75%
.
[ad_1] — AFP/File KARACHI: The State Bank of Pakistan (SBP) on Friday increased its benchmark policy rate by 150 basis points due to risks related to inflation. According to a statement issued by the central bank, it has decided to increase the interest rate to 8.75%. Earlier, the central bank had brought forward its monetary…
