Tag: sbp

For the first time, govt not borrowing from central bank: SBP governor addresses Harvard

The number of tax payers have increased significantly, the SBP chief said. 'It takes time to stabilise the economy,' says Dr Hafeez Sheikh. Pakistan, for...

Rupee gains 03 paisa against Dollar

The exchange rate of US dollar against rupee decreased. Buying, selling rates of dollar in open market were recorded at Rs 155.85 and Rs...

Banking Sector remains resilient during H1CY19: SBP Report

The performance of the banking sector remains satisfactory despite challenging macroeconomic environment. Banking sector maintains its growth trajectory with asset expansion of 5.3 percent...

Rupee stands stable against Dollar

Exchange rate of dollar against rupee witnessed no change in interbank. Dollar was traded at Rs 155.90 against Pakistan rupee. ISLAMABAD: The exchange rate of...

Overseas Pakistanis remit $5.4bn in the first 3 months of FY20

Overseas Pakistani workers remitted US$ 5478.11 million in the first three months of FY20. According to SBP, during September 2019, the inflow of workers...

Bank accounts of overseas Pakistanis not to be closed, SBP tells Senate Panel

SBP promises to the Senate Body that the bank accounts of overseas Pakistanis will not be closed for next six months. SBP told the...

It is hot: handle with care

The hot topic these days at banks’ treasury is the potential flow of hot money. The market is skeptical about the fluid nature of the...

CPI roundup

The CPI climbed to multiyear high– based on old base at 12.55 percent – highest since Jun-11. It was expected as the change in gas...

Average inflation rates increases by 10.08pc in country: SBP

CPI Base Year (2015-16) revealed for the period July-September (2019-20) increased by more than 10 Percent over July-September (2018-19. The Urban CPI with base...

Banks to observe extended hours on Sept 30 for collection of taxes/duties

Collection of government receipts, duties, taxes bank timing extended. NBP, SBP-BSC shall observe extended banking hours up to 9pm on September 30. KARACHI: In order...