SBP Warns Citizens Against Scam Phone Calls
Karachi (November 14, 2018): Pakistan’s central bank has advised citizens to be on alert and refrain from providing personal information over fraudulent phone calls from...
Inflation Falls To 5.12 Per Cent In September
Islamabad (October 01, 2018): Pakistan’s annual inflation eased to 5.12 per cent in September from 5.84 per cent a month earlier, the state Bureau of...
Average Profit Margin Of Banks Improved
Karachi (August 26, 2018): The average profit margin of banks has improved with lending yield on outstanding loans surging to an 18-month high of 8.08%...
Independence Day Celebration in State Bank
Karachi (August 14, 2018): State Bank of Pakistan hosted a flag-hoisting ceremony today on the occasion of Independence day. Governor Tariq Bajwa along with large...
Total Foreign Reserves Stand At $16,798 Mln: SBP
Islamabad (June 22, 2018): The State bank of Pakistan said that the total liquid foreign reserves held by the country stood at US$16,798.0 million on June...
Banks To Remain Closed Today Due To Zakwat Deductions
Karachi (May 17, 2018): All the banks including the State Bank of Pakistan will remain closed for public services today due to Zakwat deductions. The spokesman of...
PML N To Take Legal Action Against NAB Chairman
Islamabad (May 11, 2018): PML N has decided to take a legal action against Chairman of National Accountability Bureau Justice Retired Javed Iqbal for leveling...
SBP Issues Warning Against Cryptocurrency Transactions
Karachi (April 07, 2018): State Bank of Pakistan on Friday advised people against the usage of cryptocurrency in any kind of transactions in the country,...
Pakistani Rupee Devalued To 115.5 Per Dollar
Islamabad (March 20, 2018): On Tuesday, the Pakistani rupee devalued to about 115.5 per dollar from Monday’s close of 110.5. The State Bank of Pakistan...
Foreign Exchange in Pressure, SBP’s Reserves Drop $107m
Karachi (March 15, 2018): According to the data released by the central bank on Thursday, the foreign exchange reserves held by the State Bank of...
E-Commerce Is On The Rise in Pakistan: State Bank
Islamabad (January 29, 2018): Business to consumer E-Commerce (e-B2C) is on the rise in Pakistan as 571 local e-commerce merchants were already accepting payments through...
Dollar Rate Increases by Rs 1.2, Stands at Rs113.5
Web Desk (January 08, 2018): The rate of the US dollar increased by Rs1.20 in the open market on Monday.Sources said the dollar was trading...
Forex Reserves Decreases $95 mln to $13,847 mln
Karachi (November 2, 2017): Pakistan’s foreign exchange reserves decreased $95 million to $13,847 million in the week ending Oct 27, compared to $13,942 million in...
SBP issues special commemorative coin of Rs50 to honor Abdul Sattar Edhi
KARACHI: The State Bank of Pakistan (SBP) on Friday issued a special commemorative coin of Rs50 in honour of late humanitarian and Edhi Foundation Chairman...
SBP injects Rs926bn into banking system to avoid liquidity crunch
KARACHI: State Bank of Pakistan on Friday injected Rs926 billion into the banking system to save it from liquidity crunch....
Govt plans to enhance textile exports to $26bn by 2019
ISLAMABAD: The government will be spending Rs64 billion under the five year export policy on textile sector to enhance its export to $26 billion by...
SBP keeps interest rate unchanged in new monitory policy
ISLAMABAD: State Bank of Pakistan decided to maintain interest rate at 5.75 percent in the new monitory policy....