Pakistan’s current account surplus ISLAMABAD: Pakistan’s current account surplus increased to $255 million in May 2023. In comparison with just a $78 million CA surplus in April 2023, the current account …
State Bank of Pakistan
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Latest Updates
SBP allocates Rs 21 billion for elections in Punjab and KP
by Hamza Irshadby Hamza IrshadSBP allocates Rs 21 billion for elections in Punjab and KP ISLAMABAD: The State Bank of Pakistan has allocated Rs 21 billion for elections in Punjab as per the order …
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EconomyLatest Updates
SBP prepones monetary policy meeting to March 2; rate hike imminent
by Hamza Irshadby Hamza IrshadThe central bank is expected to increase the main policy rate during this meeting
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The State Bank of Pakistan (SBP) will begin issuing new banknotes on Thursday, December 29, 2022. The new Governor, Jameel Ahmad, will sign the SBP Banking Services Corporation’s new banknotes. …
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Latest Updates
State Bank ending import restrictions from Jan 2: SBP
by Hamza Irshadby Hamza IrshadState Bank Ending Import Restrictions From Jan 2: State Bank Ending Import Restrictions From Jan 2 ISLAMABAD: The State Bank of Pakistan will abolish import restrictions with effect from Jan …
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EconomyLatest Updates
Saudi Arabia extends $3 billion deposits tenure, says SBP
by Hamza Irshadby Hamza IrshadSaudi Arabia Extends $3 Billion Deposits Tenure, Says SBP: Saudi Arabia Extends $3 Billion Deposits Tenure, Says SBP ISLAMABAD: Saudi Arabia has extended the tenure of its $3 billion deposits …
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ISLAMABAD: The State Bank of Pakistan today announced Dec 31, 2022, as the final deadline to exchange the old bank-notes of Rs 10, 50, 100 and 1000 denomination. In a …
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Economy
Deepening Political Imbroglio and its Consequences for the Economy
by Hamza Irshadby Hamza IrshadIf the political unrest gets out of control in the days ahead, Saudi Arabia, China, and other countries who intend to make huge investments in Pakistan will be left with …
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EconomyLatest Updates
State Bank reports $2.2 billion inflows of remittance with 9% decline in Oct
by Umar Sohailby Umar SohailISLAMABAD: State Bank of Pakistan said the inflows of overseas workers’ remittances amounted to US$2.2 billion during October 2022. However, in comparison with the previous month (Sept), the remittances recorded …
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EconomyLatest Updates
Saudi Arabia rolls over $3 billion deposits with SBP for one year with maturity in Dec 2023
by Umar Sohailby Umar SohailISLAMABAD: The Saudi Fund for Development (SFD) today confirmed the rollover of $3 billion deposits for Pakistan. Now the State Bank of Pakistan can retain $3 billion of Saudi Arabia …