SBP
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SBP keeps policy rate unchanged at 22%
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[ad_1] SBP Governor Jameel Ahmad addressing a press conference in Karachi on January 29, 2024, in this still taken from a video. — Facebook/@StateBankofPakistan In line with market expectations, the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) kept the key policy rate unchanged at 22%, as high inflation persists due to the rise…
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SBP all set to replace currency notes in circulation | The Express Tribune
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[ad_1] KARACHI: In a move aimed at curbing corruption and enhancing security features, the State Bank of Pakistan (SBP) has announced plans to replace almost all currency notes currently in circulation starting February 2024. Speaking to journalists ahead of the monetary policy press conference on Monday, SBP Governor Jameel Ahmad outlined the central bank’s strategy…
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SBP report keeps GDP growth projection at 2-3% | The Express Tribune
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[ad_1] KARACHI: The economic landscape of Pakistan has faced unprecedented challenges throughout fiscal year 2022-23, as outlined in the ‘Governor’s Annual Report 2022-23’ presented by the State Bank of Pakistan’s (SBP) Governor, Jameel Ahmad, on Friday. The comprehensive report not only delves into the challenges faced by the country but also lays out strategies to…
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SBP aims prompt, fair complaint resolution via its ‘Sunwai’ portal
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[ad_1] State Bank of Pakistan (SBP) building. — AFP/File In order to ensure prompt and fair redressal of complaints, the State Bank of Pakistan (SBP) Friday launched its “Sunwai” customer service portal and mobile application — a move aimed at ensuring expedited resolution of their grievances. As per the SBP, the porta is to serve…
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SBP announces bank holiday on January 1
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[ad_1] An undated picture of the State Bank of Pakistan’s building. — AFP/File The banks will remain closed countrywide on account of “bank holiday” on January 1 (Monday), the State Bank of Pakistan (SBP) notified on Friday, as all the banks will be having the closing of financial year that ends on December 31. According…
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SBP holds policy rate at 22%
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[ad_1] The State Bank of Pakistan. — Wikimedia Commons/File The State Bank of Pakistan, in line with wide market consensus, maintained the key policy rate at 22%, opting for a wait-and-see approach as it assesses the effectiveness of earlier monetary policy tightening in reducing inflation. In a statement, the Monetary Policy Committee (MPC) said that…
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SBP holds key rate at 22% for fourth straight meeting | The Express Tribune
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[ad_1] KARACHI: In line with market expectations, Pakistan’s central bank on Tuesday left its key policy rate unchanged at a record high of 22% ahead of the International Monetary Fund (IMF) board’s potential approval for the release of the next loan tranche of $700 million to the country in January 2024. This was the fourth…
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SBP unveils fourth strategic plan | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) on Friday launched its fourth five-year strategic plan titled “SBP Vision 2028”, aimed at ensuring financial stability and sustainable economic growth through navigating new challenges and capitalising on opportunities including climate change, rapid digital innovations, disruptions and cyber security threats. The strategic plan covering the period 2023-28…
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SBP injects huge amount into banking system | The Express Tribune
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[ad_1] KARACHI: Pakistan’s central bank has injected a significantly large amount of Rs4.77 trillion into the banking system for up to four weeks to enable conventional and Shariah-compliant banks to meet the cash-strapped government’s financing needs. Market talk suggests that the State Bank of Pakistan (SBP) supplied a huge liquidity despite excessive funds with commercial…
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Smog: SBP announces bank holiday in Punjab districts on Nov 10
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[ad_1] An undated file image of the State Bank of Pakistan building. — AFP/File In line with the provincial authorities’ measures to combat smog, the State Bank of Pakistan (SBP) on Wednesday announced that all bank branches would remain shut in Lahore and other districts of the province on Friday (November 10). The SBP’s announcement…
