To cut or not to cut: SBP might opt for caution in monetary policy Reports by two brokerage houses suggest Pakistan's central bank poised to maintain cautious policy stance Published 19 Apr, 2024 08:15pm
Pakistan Pakistan’s inflation deceleration broad-based, says central bank chief Jameel Ahmad says qualitative improvements in external account allowed the State Bank to more than double its foreign exchange reserves since January 2023 Updated 18 Apr, 2024 10:43pm
Markets SBP-held foreign exchange reserves see slight decline, stand at $8.04bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) slightly decreased by $0.1 million on a weekly... Published 15 Apr, 2024 07:44pm
BR Research Ramazan and the remittance rush Remittances hold a crucial place in Pakistan’s economy. So crucial that the remittances in Pakistan have been... Published 15 Apr, 2024 08:12am
Markets Pakistan’s remittances jump to $3bn in March, up 31.3% MoM On year-on-year basis, inflow increases 16.4% Updated 08 Apr, 2024 10:09pm
Markets SBP-held foreign exchange reserves increase $19mn, now stand at $8.04bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $19 million on a weekly basis,... Published 04 Apr, 2024 07:24pm
Business & Finance Bank holidays: SBP announces three-day closure for Eid-ul-Fitr 2024 The State Bank of Pakistan (SBP) announced on Thursday a three-day holiday on account of Eid-ul-Fitr. “The State... Published 04 Apr, 2024 04:26pm
Pakistan Aurangzeb holds key meeting with SBP governor Federal Minister for Finance and Revenue Muhammad Aurangzeb on Friday convened a meeting with Governor of the State... Updated 29 Mar, 2024 10:25pm
Markets SBP-held foreign exchange reserves gain $4mn, now stand at $8.022bn Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased marginally by $4 million on a weekly... Updated 28 Mar, 2024 10:33pm
Markets SBP-held foreign exchange reserves increase $105mn, now stand at $8.02bn Total liquid foreign reserves held by the country reach $13.4 billion Updated 21 Mar, 2024 10:19pm
Markets Misprinted banknotes: SBP says internal controls being ‘further strengthened’ Clearing the air on the incident of misprinted banknotes, the State Bank of Pakistan (SBP) on Wednesday said... Updated 13 Mar, 2024 09:42pm
Business & Finance Ramazan 2024: minimum Nisab fixed at Rs135,179 for Zakat The government has fixed Nisab for Zakat for the year 1444-45 A.H at Rs135,179 for deduction from savings bank... Updated 07 Mar, 2024 06:40pm
Pakistan Election day: banks to remain closed on February 8 Banks in Pakistan will remain closed on Thursday, February 8 on account of it being election day, the State Bank of... Updated 06 Feb, 2024 08:28pm
Markets Monetary Policy Committee: SBP issues advance calendar for meetings in January-June 2024 Schedules 4 huddles during six-month period, with first one on January 29 Published 23 Jan, 2024 06:46pm
Business & Finance SBP’s monetary policy committee to meet on January 29 The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet on Monday, January 29, 2024 to... Updated 23 Jan, 2024 09:38pm
BR Research IT exports on a rise IT exports have been growing consecutively over the past four months. As per the latest data, the IT exports for... Published 23 Jan, 2024 09:07am
Markets SBP reserves increase $464mn to reach over 5-month high of $8.2bn State Bank of Pakistan attributes jump in dollar stockpile to receipt of official Government of Pakistan inflows Updated 04 Jan, 2024 09:17pm
Perspectives Auto sector in 2023: advent of EVs and hybrids in Pakistan The year 2023 signaled a downward spiral for the auto sector. For about half the year, there were restrictions from... Published 02 Jan, 2024 05:09pm
Print SBP terms FY23 ‘extraordinarily challenging’ KARACHI: The fiscal year 2023 was extraordinarily challenging, with a host of external and domestic shocks,... Updated 30 Dec, 2023 08:16pm
Pakistan Pakistan’s inflation projected to ease to 20-22% for FY24: SBP report In Governor’s Annual Report 2022-23, SBP chief says central bank will keep inflation expectations anchored to achieve its medium term target of 5-7% Updated 29 Dec, 2023 08:19pm
Print Budgetary support during Jul 1-Dec 16, 2023 period: Govt borrowing jumps 200pc to Rs2.876trn YoY Entire amount was borrowed from the SBP and scheduled banks to finance the fiscal deficit Updated 27 Dec, 2023 09:54am
Business & Finance Fake notes of Rs5000: SBP vows to improve regulations ISLAMABAD: The State Bank of Pakistan (SBP) has assured the Senate Standing Committee on Finance to improve... Published 20 Dec, 2023 06:00am
Business & Finance Internal control lapses: Rs90m penalties on erring banks termed ‘peanuts’ ISLAMABAD: The State Bank of Pakistan (SBP) has imposed penalties of Rs90 million on different banks and ... Published 20 Dec, 2023 06:00am
BR Research No road leads to 21 percent Since the beginning of current financial year, the State Bank of Pakistan has maintained the benchmark interest rate... Published 05 Dec, 2023 07:51am
Business & Finance Solar panel importers: Banks penalised for failing to check money laundering, over-invoicing ISLAMABAD: The State Bank of Pakistan (SBP) has imposed penalties on certain banks for not checking massive money... Published 30 Nov, 2023 04:53am
Markets Saudi Fund for Development extends term of $3bn deposit for another year: SBP The $3 billion-deposit agreement was initially signed through the SFD with the SBP in the year 2021 Updated 29 Nov, 2023 09:40pm
Pakistan Profit repatriation from Pakistan rises massively, stands at $272.5mn in October Cumulative profit repatriated during July-October FY24 stands at $485.4mn, compared to $71.3mn in same period of previous year Updated 28 Nov, 2023 07:17pm
Markets Pakistan’s REER index jumps 7.5% MoM in October, now stands at 98.6 Nominal Effective Exchange Rate Index (NEER) increases 6.5% MoM in October to provisional value of 39.18 from 36.79 in September Updated 20 Nov, 2023 10:14pm
Pakistan Pakistan’s current account deficit clocks in at $74m in October Total imports stand at $5.17bn against $5.35bn in the same period of previous year Updated 20 Nov, 2023 10:20pm
Markets SBP allows ASA Microfinance Bank Limited to commence operations nationwide The State Bank of Pakistan (SBP) has allowed ASA Microfinance Bank (Pakistan) Limited to commence microfinance... Published 14 Nov, 2023 06:28pm