SBP

ISLAMABAD: The State Bank of Pakistan has launched an initiative following concerns raised in a recent Senate Standing Committee on Finance meeting. This effort aims to assist citizens in identifying …

ISLAMABAD: The State Bank of Pakistan (SBP) exceeded expectations by raising Rs396.572 billion, surpassing the Rs190 billion target via the sale of fixed-rate Pakistan Investment Bonds (PIBs). Through competitive bids, …

The State Bank of Pakistan (SBP) has granted approval to TPL Corp Limited (TPL), a Pakistani financial platform, and Abhi (Private) Limited to initiate the due diligence process for FINCA …

As of December 1, 2023, Pakistan’s total liquid foreign reserves amounted to US$12,107.1 million. The break-up of the foreign reserves position is as under: Notably, during the week concluding on …

The Raast P2M system will enable merchants to accept payments through different modes including Unified Quick Response (QR) Codes, Raast Alias (such as mobile phones), bank accounts (IBAN), and Request …

KARACHI/ISLAMABAD: Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), noted a significant drop in the current account deficit from 4.8% to 0.8% during the initial four months …

The Vision revolves around six strategic goals that include maintaining inflation within the medium-term target range, enhancing efficiency, effectiveness, fairness, and stability of the financial system

$115 million decline ISLAMABAD: The State Bank of Pakistan disclosed that the SBP’s reserves decreased by $115 million to $7,396 million due to debt repayments by November 10, 2023. Concurrently, …

Fund Pledge ISLAMABAD: The visiting staff mission of the International Monetary Fund (IMF) has initiated direct communications with key bilateral partners to confirm committed support to Pakistan, addressing the external …

IMF Review’s Impact KARACHI: The rupee is poised to face pressure against the dollar until the International Monetary Fund (IMF) completes its first review of Pakistan’s $3 billion loan program, …