Islamabad, 30 May 2025: In a significant move to stabilise the financial system, the State Bank of Pakistan (SBP) on Thursday pumped Rs1.14 trillion into the money market through both …
State Bank of Pakistan (SBP)
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Islamabad, May 21, 2025: The State Bank of Pakistan (SBP) has officially launched a nationwide “Go Cashless” campaign on the occasion of Eid-ul-Adha to promote digital payments in cattle markets. …
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Islamabad, 16 May, 2025: Bans Defaced Notes, the State Bank of Pakistan (SBP) has declared that beginning July 1, 2025, any currency notes bearing pen marks, scribbles, or any kind …
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Business
SBP BSC, BoP Organize Agri Kissan Mela in Kasur to Promote Financial Inclusion for Farmers
by Hamza Irshadby Hamza IrshadIslamabad, 11 Apr, 2025: The State Bank of Pakistan (BSC) Lahore in collaboration with Bank of Punjab (BOP) successfully organized the ’Agri Kissan Mela’ held at Kasur, under the theme …
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Business
SBP Distributes Rs 27 Billion Fresh Banknotes Nationwide for Eid-ul-Fitr
by Hamza Irshadby Hamza IrshadIslamabad, March 19 2025: The State Bank of Pakistan (SBP) has distributed fresh currency notes worth Rs. 27 billion in various denominations to 17,000 branches of commercial banks across the …
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BusinessTrending Now
World Bank Gives Nod to $102M for Pakistan Microfinance Sector
by Umar Sohailby Umar SohailWashigton/Islamabad, March 19: The World Bank’s Board of Directors has approved a $102 million financing package for the Resilient and Accessible Microfinance (RAM) Project, aimed at enhancing access to microcredit …
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Economy
Pakistan Plans to Secure Over $8 Billion IMF Bailout Package in Next Month
by Hamza Irshadby Hamza IrshadIMF Bailout Package ISLAMABAD: Pakistan is gearing up to formally request a larger and extended bailout package from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF). According …
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Foreign Exchange Reserves According to a recent report from the State Bank of Pakistan (SBP), the country’s foreign exchange reserves have experienced a modest yet noteworthy increase, reaching a total …
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Latest Updates
SBP Acknowledges Risk of Misprinted Banknotes in Mass Production
by Hamza Irshadby Hamza IrshadThe State Bank of Pakistan (SBP) issued a clarification on Wednesday following an online controversy surrounding half-printed banknotes that surfaced the previous day, attributing the risk of such faults to …
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Economy
State Bank of Pakistan Witnessed a Weekly Drop of $53.9 Million in Reserves
by Hamza Irshadby Hamza IrshadDuring the week ending on March 1, 2024, the State Bank of Pakistan (SBP) reported a decline of $53.9 million, equivalent to 0.68% WoW, in its foreign exchange reserves, which …