SBP
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SBP faces dilemma over interest rate | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to determine the benchmark interest rate for the next six weeks. It will be a highly tricky meeting with almost half of the financial experts and key investors betting on the bank cutting the rate, while the remaining half believe the financial regulator will…
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SBP issues statement about issuance of polymer banknotes
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[ad_1] A person can be seen holding Pakistani notes of various denominations. —AFP/File The State Bank of Pakistan (SBP) has debunked news reports claiming that the central bank was considering issuing polymer currency notes in a deviation from its traditional paper-based banknotes. “The SBP categorically denies news reports about issuance of polymer banknotes series,” the…
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SBP denies reports of issuing polymer currency notes | The Express Tribune
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[ad_1] ISLAMABAD: The State Bank of Pakistan (SBP) denied reports, circulating on social media and news channels, that it was issuing a new series of polymer currency notes. In a statement on Saturday, the central bank refuted the reports as ‘unfounded and lacking merit’. According to the SBP, there are currently no plans or proposals to…
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SBP issues statement on misprinted Rs1,000 banknotes
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[ad_1] A screengrab was take from a video containing the alleged fake notes. — Geo News The State Bank of Pakistan (SBP) responded to the recent controversy about the half-printed banknotes, saying that there was always a possibility of such errors and faults in the notes despite all security checks during large-scale production. A social…
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SBP notifies bank holiday on 1st Ramadan
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[ad_1] State Bank of Pakistan (SBP) building. — AFP As the country prepares to welcome the holy month of fasting, the State Bank of Pakistan (SBP) on Friday notified the bank holiday across the country on 1st Ramadan, which is likely to fall on Tuesday (March 12). “The State Bank of Pakistan will remain closed…
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SBP injects Rs8tr to ease liquidity woes | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank has injected over Rs8 trillion into conventional and Shariah-compliant banks for up to four weeks, addressing the liquidity crunch in the financial system to ensure smooth banking operations in the country. Commercial banks’ dependence on financing from the central bank has gradually increased due to significant borrowing by the government…
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SBP notifies bank holiday on February 8 for Pakistan elections
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[ad_1] The State Bank of Pakistan (SBP) on Tuesday announced bank holiday across the country on February 8 (Thursday), the day of much-anticipated general election. Pakistan is set to stage the most crucial polls in its history as the ballot takes place in a few days, after more than five years. A notification issued by…
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Decision to introduce new currency notes not taken on IMF’s behest: SBP
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[ad_1] A person can be seen holding notes of Pakistani currency Notes in the hands. —AFP/File State Bank Deputy Governor Saleem Ullah Thursday said that the central bank’s decision to print new currency notes was not taken at the behest of the International Monetary Fund (IMF). The deputy governor also maintained that the deficit is expected…
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SBP announces bank holiday on February 5
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[ad_1] An undated image of the State Bank of Pakistan building. — Online/File The State Bank of Pakistan (SBP) on Wednesday announced a bank holiday on February 5 (Monday), in line with the government’s notification of a national holiday on this day to express solidarity with Kashmiris in the Indian Illegally Occupied Jammu and Kashmir…
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SBP to issue new currency notes without disruptive switchover
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) Monday said that it would be introducing new currency notes provisioning security features at par with international standards while avoiding any disruptive switchover. In a statement, SBP Governor Jameel Ahmad said: “The new notes will be printed with an international security feature. The notes will have new serial numbers,…
