SBP
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SBP cuts interest rate by 100 bps to 19.5% | The Express Tribune
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[ad_1] The State Bank of Pakistan (SBP) on Monday announced a one per cent reduction in the interest rate, bringing it down to 19.5 per cent. This was revealed by SBP Governor Jameel Ahmad during a media briefing following the…
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Banks to observe two-day public holiday, announces SBP
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[ad_1] State Bank of Pakistan building in this undated image. — SBP Banks will be closed for two days across the country on account of public holidays announced for Ashura — 9th and 10th Muharram, 1446AH — falling on July…
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Current account deficit reaches $464m in 11 Months: SBP | The Express Tribune
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[ad_1] The current account deficit for the first eleven months of this fiscal year stood at $464 million, according to the State Bank of Pakistan (SBP). The SBP’s recently released data indicates that the current account deficit for the initial…
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SBP reduces policy rate by 1.5% ahead of budget
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[ad_1] The State Bank of Pakistan building in Karachi. — APP/file KARACHI: The State Bank of Pakistan (SBP) on Monday announced to cut the policy rate by 150 basis points, marking its first rate reduction in nearly four years. The…
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SBP forex reserves reach over $9bn fuelled by fresh IMF tranche
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[ad_1] An undated image of a currency dealer holding a stack of $100 notes. — AFP/File KARACHI: After a recent inflow of $1.1 billion from the International Monetary Fund (IMF), the State Bank of Pakistan’s (SBP) foreign exchange reserves have…
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SBP holds key policy rate at 22% | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank has left its key policy rate unchanged at a record high of 22% for the seventh consecutive time in the past 10 months, ahead of the IMF executive board’s final…
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Saudis to up their deposits in SBP by $2b | The Express Tribune
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[ad_1] ISLAMABAD: Riyadh and Islamabad have reached an agreement to surge the Saudi deposits in the State Bank of Pakistan (SBP) by $2 billion – increasing them from $3 billion to $5 billion. Saudi Arabia Holding Company CEO Mohammad AlQahtani…
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SBP keeps policy rate unchanged at 22% as inflationary risks remain
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[ad_1] State Bank of Pakistan logo seen on a wall in this undated image. — Bloomberg/File The State Bank of Pakistan (SBP) has decided to keep the monetary policy rate unchanged at 22%, the central bank said in an official…
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SBP keeps policy rate unchanged for fifth consecutive time | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) left its key policy rate unchanged on Monday at a record high of 22% for the fifth consecutive time in the past nine months, taking a cautious approach against a likely uptick…
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SBP expected to maintain policy rate in meeting today
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[ad_1] State Bank of Pakistan’s (SBP) old building. — AFP/File The monetary policy rate is likely to remain unchanged as the monetary policy committee of the State Bank of Pakistan (SBP) conducts a meeting in Karachi today. In a statement…
