SBP
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Only 10% IT graduates employable: SBP | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has raised concerns over Pakistan’s information technology (IT) sector, revealing that a mere 10 % of IT graduates possess the necessary skills to secure employment in the industry. The SBP’s half-year report on the country’s economic condition highlights the widening gap between academia and the IT industry,…
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‘Rs75 commemorative banknote has no expiry date,’ clarifies SBP
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[ad_1] Image showing the commemorative 75-rupee note. — Twitter/ SBP Reacting to the rumours circulating in some sections of society about the demonetisation of the Rs75 commemorative banknote, the State Bank of Pakistan (SBP) on Friday clarified that the commemorative banknote has no expiry date and can be used in all transactions. SBP’s spokesperson Abid…
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SBP directs banks to remain open on April 29, 30 to facilitate taxpayers
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[ad_1] A representational image. — TheNews/File The State Bank of Pakistan (SBP), on the request of the Federal Board of Revenue (FBR), has directed banks to keep all authorised branches open on April 29 and 30 and extend working hours to facilitate tax collection. In a statement issued Wednesday, the SBP said that all those…
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SBP issues statement regarding encashment of withdrawn prize bonds
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[ad_1] Eighth draw of Rs25,000 Denomination Prize Bonds held at State Bank of Pakistan Lahore on December 12, 2022. — NNI The State Bank of Pakistan (SBP) on Monday reminded the public that June 30 is the last date for the encashment and redemption of the withdrawn prize bonds of Rs7,500, Rs15,000, Rs25,000, and Rs40,000.…
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SBP chief says Pakistan striving to rebound strongly from ‘series of economic shocks’
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[ad_1] State Bank of Pakistan (SBP) Governor Jameel Ahmad addresses the Pakistan Sustainable Banking Conference in Karachi on November 9, 2022. — APP/File Pakistan’s economy has “always rebounded strongly after undergoing severe shocks” and the country will strive to rebound from the current economic challenges as well, State Bank of Pakistan (SBP) Governor Jameel Ahmad…
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Inflation to begin decelerating over next few months: SBP | The Express Tribune
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[ad_1] State Bank of Pakistan (SBP) said on Friday that the country’s inflation is expected to start decelerating over the next few months. “And with the revival of the IMF programme, the uncertainty regarding external financing will also fade away,” central bank governor Jameel Ahmad said in a statement. Pakistan has less than a month’s…
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SBP hikes policy rate by 100bps to record high of 21% | The Express Tribune
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[ad_1] In line with market expectations, Pakistan’s central bank hiked its benchmark policy rate by 100 basis points to a new record high of 21% on Tuesday as the bank took measures to anchor rising inflation in the country. State Bank of Pakistan (SBP) said on its official Twitter handle “MPC (monetary policy committee) views…
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SBP directs banks to observe extended banking hours
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[ad_1] An undated image of the State Bank of Pakistan (SBP) building. — AFP In order to facilitate the taxpayers in payment of government duties/taxes, the State Bank of Pakistan (SBP) on Wednesday — at the request of the Federal Board of Revenue (FBR) — directed all branches of banks to observe extended banking hours…
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SBP abolishes 1.5% fee on debit, credit card transactions | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) has abolished the mandatory minimum fee of 1.5%, which was being charged by banks from merchants on financial transactions done through debit and credit cards, and allowed financial institutions to charge even less than 1.5% to promote digital banking. The central bank has maintained maximum limit of…
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SBP calls off-cycle review to increase interest rates on March 2
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[ad_1] State Bank of Pakistan building. — APP/File Amid an urgency to unlock the critical funding of the International Monetary Fund (IMF), the State Bank of Pakistan (SBP) on Tuesday “preponed” its Monetary Policy Committee (MPC) meeting for this week — the committee was initially scheduled to meet on March 16. “The forthcoming meeting of…
