SBP

During its meeting today, the Monetary Policy Committee (MPC) has opted to keep the policy rate unchanged at 22 percent. The recent inflation data has influenced this decision, indicating a …

The rate may go up by 100 base points ISLAMABAD: The State Bank of Pakistan’s Monetary Policy Committee is scheduled to convene on Thursday. There is a possibility of another …

Foreign Exchange Companies KARACHI/ISLAMABAD: State Bank of Pakistan has decided to introduce structural reforms in the Foreign Exchange Companies’ sector. As part of these reforms, leading banks actively engaged in …

Surge in debt ISLAMABAD: The State Bank of Pakistan (SBP) reported a massive surge in the government’s total debt by 22.11 percent year-on-year, to Rs61.75 trillion in July 2023, in …

SBP rejects reports of urgent hike ISLAMABAD: The State Bank of Pakistan today dispelled rumors of an urgent hike in the discount rate. In a statement today, SBP said that …

Debt Repayment ISLAMABAD: The foreign exchange reserves of the State Bank of Pakistan (SBP) further fell by $81 million WoW to $7.85 billion during the week ended on August 25. …

SBP reports further decline ISLAMABAD: The State Bank of Pakistan today reported further decline in the inflows of remittances in the month of July 2023. Workers’ remittances recorded an inflow …

Banks provide record loans ISLAMABAD: In FY23, Pakistani banks provided record loans to farmers to boost agricultural output. The banks disbursed a total of Rs1.776 trillion in loans to farmers …

Discount rate unchanged ISLAMABAD: The State Bank of Pakistan kept the discount rate unchanged, at 22 percent while anticipating a downward trend in inflation, up to 24 percent in FY24. …

ISLAMABAD: The State Bank of Pakistan (SBP) is likely to hike the key policy rate again on Monday (July 31) to rein in inflation, in line with the conditions of …