SBP
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Business
SBP Expected to Cut Interest Rates by 50bps on March 10
The State Bank of Pakistan (SBP) may announce a 50-basis-point (bps) interest rate cut in its upcoming Monetary Policy Committee…
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Business
SBP Grants Digital Banking License to Easy Paisa Bank Ltd
KARACHI: The State Bank of Pakistan (SBP) has granted a digital banking license to Easy Paisa Bank Ltd, the central…
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Business
SBP Cuts Policy Rate by 100 Basis Points to 12%
The State Bank of Pakistan (SBP) on Monday reduced the policy rate by 100 basis points, bringing it to 12%,…
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Business
KSE-100 Index Declines Amid Economic, Regulatory Concerns
The Pakistan Stock Exchange (PSX) faced another tough session on Wednesday as the KSE-100 Index plummeted by 1,598.82 points, or…
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Business
SBP to Announce Monetary Policy on January 27
The State Bank of Pakistan (SBP) is set to reveal its much-anticipated monetary policy decision on Monday, January 27, 2025.…
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Business
SBP Governor Reaffirms Commitment to Boost Financial Inclusion
The State Bank of Pakistan (SBP) has reinforced its dedication to advancing financial inclusion by fostering strong partnerships with global…
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Pakistan
Overseas Pakistanis Reject PTI’s Civil Disobedience Call
The ruling Pakistan Muslim League-Nawaz (PML-N) criticized Pakistan Tehreek-e-Insaf (PTI) over the failure of its civil disobedience movement. PTI’s jailed…
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Pakistan
SBP Reveals Advance Schedule for Monetary Policy Committee
The State Bank of Pakistan (SBP) has unveiled a rolling half-yearly calendar for the upcoming Monetary Policy Committee (MPC) meetings.…
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Business
SBP Foreign Exchange Reserves Drop Slightly
The State Bank of Pakistan’s (SBP) foreign exchange reserves saw a small decline of $15.3 million, or 0.13%, during the…
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Business
Inflation Is Expected to Decline Further by January: Governor SBP
State Bank of Pakistan (SBP) Governor Jameel Ahmed expressed confidence in the country’s economic trajectory. Speaking at the Federation of…
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Business
Rupee Appreciates by 0.1% in Inter-Bank Market on Thursday
The Pakistani rupee strengthened marginally against the US dollar on Thursday, appreciating by 0.1% during the early hours of trading.…
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Business
Mashreq Becomes First Bank to Launch Pilot Operations
Karachi: Mashreq Pakistan, a part of Mashreq Group, has received a restricted license from the State Bank of Pakistan (SBP)…
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Business
Veon Group Invests USD 15m in Mobilink Bank
Karachi: Veon Group, a global digital operator, has injected USD 15 million into Mobilink Bank. The investment aims to boost…
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Business
SBP Sets December 31 as Final Deadline for Prize Bonds
The State Bank of Pakistan (SBP) has announced that holders of Rs25,000 and Rs40,000 prize bonds must redeem them by…
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Business
Zafar Paracha Applauds SBP’s New Framework for Exchange Companies
Karachi: Zafar Paracha, Secretary General of the Exchange Companies Association of Pakistan (ECAP), has expressed strong support for the State…
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Business
SBP Reserves Decline After Weeks of Growth
KARACHI: The State Bank of Pakistan (SBP) reported a drop of $228 million in its foreign exchange reserves, which fell…
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Business
Pakistan’s Foreign Reserves Fall to $16.37 Billion
Pakistan’s liquid foreign reserves dropped to $16.37 billion as of December 20, 2024. The State Bank of Pakistan (SBP) reported…
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Business
Roshan Digital Accounts Attract Record Remittances, SBP
The remittances sent by overseas Pakistanis through Roshan Digital Accounts (RDA) have crossed $9.138 billion since the launch of the…
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Business
SBP Slashes Policy Rate by 200 Basis Points to 13%
The State Bank of Pakistan (SBP) announced a major cut in its policy rate on December 16, 2024. The Monetary…
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Business
SBP Reserves Increase by $12.5 Million, Total Reserves Decline
The State Bank of Pakistan (SBP) reported a $12.5 million rise in its foreign exchange reserves, reaching $12.05 billion for…
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Business
KCCI Urges SBP to Cut Policy Rate by 400 Basis Points
The Karachi Chamber of Commerce and Industry (KCCI) has called on the State Bank of Pakistan (SBP) to reduce the…
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Business
SBP Grants License to EPSPL for Commercial Operations
The State Bank of Pakistan (SBP) has issued a license to M/s. E-Processing Systems Private Limited (EPSPL) to commence commercial…
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Business
Pakistani Rupee Marginally Declines Against US Dollar
The Pakistani rupee weakened marginally against the US dollar on Tuesday. The currency depreciated by 0.03% in the inter-bank market,…
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