State Bank Pakistan

MMBL and SCBF commit to “fast-tracked” banking solutions in Pakistan. SCBF has funded over 188 projects across 48 countries to date, with this being their second project in Pakistan.

On: February 22, 2023

Tagged: Banking in Pakistan, Fast tracking, MMBL, SCBF, State Bank Pakistan, Underbanked in Pakistan

MMBL and SCBF commit to fostering financial inclusion through innovative Credit Scoring & Banking Solutions ISLAMABAD ( Web News ) Mobilink Microfinance Bank Limited (MMBL) is partnering with the Swiss Capacity Building Facility (SCBF), a Switzerland-based innovative public-private platform, and the Arab Gulf Programme for Development (AGFUND), a Saudi Arabia-basedRead More →

ICCI demands more lenient import policy to promote business activities The restricted imports policy is badly affecting on revenue collection at the import stage varies between Rs.30 billion to Rs.50 billion per month.

On: January 3, 2023

In: Commerce and Industry

Tagged: boost exports, business activities, Islamabad Chamber, Loss in revenue, State Bank Pakistan

ISLAMABAD ( Web News ) Faad Waheed, Acting President, Islamabad Chamber of Commerce and Industry has lauded the initiative of State Bank of Pakistan for relaxing some restrictions on imports and allowing imports pertaining to HS Code Chapter 84, 85 and certain items of Chapter 87 from 2nd January 2023, whichRead More →

SBP’s Reserves Further Drop To $5.82 Billion By Dec 23, 2022 For the first time in decades, the SBP’s reserves fell below the commercial banks’ foreign exchange reserves.

On: December 30, 2022

In: Breaking News

Tagged: $294 million repayment, $5.885 billion reserves, Dropped to $5.82 billion, foreign exchange reserves, State Bank Pakistan

SBP’s Reserves Further Drop To $5.82 Billion By Dec 23, 2022 For the first time in decades, the SBP’s reserves fell below the commercial banks’ foreign exchange reserves. ISLAMABAD ( JAVED MAHMOOD ) The foreign exchange reserves of the State Bank of Pakistan further dropped to $5.82 billion by DecRead More →

ICCI terms 100bps hike in SBP interest rate a big blow to businesses SBP should withdraw the recent hike in policy rate and bring it to single digit level to reduce production cost

On: November 27, 2022

In: Commerce and Industry

Tagged: 100bps hike, Islamabad Chamber, Malaysia 2.75%, Singapore 2.65%, State Bank Pakistan, Taiwan 1.63%, Thailand is 1%

ISLAMABAD ( Web News ) The Islamabad Chamber of Commerce and Industry has shown great concerns over the 100bps hike in the SPB key policy rate as it would play havoc with the cost of doing business and cause the closure of many industries leading to further slump in theRead More →

Govt. Pakistan withdraw appeals filed by SBP & NBP against Federal Shariat Court’s verdict Commercial banks and the central bank had subsequently filed an appeal before the Supreme Court of Pakistan (SCP) challenging the FSC verdict.

On: November 10, 2022

In: Breaking News

Tagged: Federal Shariat Court, FSC verdict., Ishaq dar, Islamic Banking, State Bank Pakistan

Ishaq Dar announces to withdraw appeals filed by SBP & NBP against Federal Shariat Court’s verdict Says govt will make all out efforts for imposition of Islamic banking system in the country with fast pace ISLAMABAD ( Web News ) Minister for Finance and Revenue Senator Mohammad Ishaq Dar onRead More →

State Bank of Pakistan raises policy rate by 125 basis points to 15% Dr. Murtaza Syed says ‘most important’ objective behind the move was to control spiraling inflation

On: July 8, 2022

In: Breaking News

Tagged: 125 basis points, Dr Murtaza Syed, raises policy rate, spiraling inflation, State Bank Pakistan

State Bank of Pakistan raises policy rate by 125 basis points to 15% Acting Governor SBP Dr. Murtaza Syed says ‘most important’ objective behind the move was to control spiraling inflation KARACHI ( Web News ) The State Bank of Pakistan (SBP) announced on Thursday that it had increased theRead More →

SBP presents commemorative coin to German Ambassador, marking 70 years of diplomatic relations The coin has a diameter of 30.00 mm and weigh of 13 grams with milled serrations on the edge.

On: February 17, 2022

In: Banking Sector

Tagged: 70th anniversary, commemorative coin, Diplomatic relations., German Ambassador, Pak-Germany, State Bank Pakistan

SBP presents commemorative coin to German Ambassador, marking 70 years of diplomatic relations ISLAMABAD ( Web News ) The State Bank of Pakistan (SBP) here on Wednesday presented the commemorative coin of Rs 70 to the German Ambassador for Pakistan to mark 70th anniversary of Pakistan-Germany Diplomatic relations. The coinRead More →

NBP continues to support FIA’s inquiry related to Hascol NBP’s own stance on the Hascol event has been documented in a submission made to the SBP

On: January 26, 2022

In: Banking Sector

Tagged: Hascol Petroleum, investigation, National Bank Pakistan, State Bank Pakistan, support FIA'

NBP continues to support FIA’s inquiry related to Hascol KARACHI ( Web News ) “As has been reported in the press, FIA is conducting an inquiry on Hascol Petroleum’s banking arrangements with NBP as well as several private and other public sector banks. NBP has been and continues to cooperateRead More →

SBP organized an online event – “Digital Banks – A New Era in Banking” The event was attended by members of the banking community, fintechs, business fraternity and Govt. agencies

On: January 21, 2022

In: Banking Sector

Tagged: business, digital banking framework, Dr. Reza Baqir, fintechs business, Governor, Pakistan’s journey, State Bank Pakistan

SBP Hosts event on “Digital Banks – A New Era in Pakistan” KARACHI ( Web News ) SBP issued “Licensing and Regulatory Framework for Digital Banks” on January 03, 2022. To create awareness of this this important development in regulatory ambit, SBP organized an online event – “Digital Banks – ARead More →

SBP. Amendment Act 2021, FIA and Nab to have powers to probe SBP officials First, the oversight powers and mandate of the government appointed BoD is being strengthened.

On: January 8, 2022

In: Banking Sector

Tagged: criminal or corruption, full powers to investigate, Nab & FIA, SBP Amendment Act 2021, State Bank Pakistan

Recently, the proposed SBP Amendment Act 2021 has been presented in parliament for formal approval. ISLAMABAD ( Web News ) The National Accountability Bureau and the Federal Investigation Agency will have full powers to investigate SBP officials for criminal or corruption-related matters under the proposed State Bank of Pakistan (SBP)Read More →

Hike in policy interest rate to affect the growth of business and economy – ICCI

On: November 29, 2021

In: Commerce and Industry

Tagged: 150 basis points, business activities, Islamabad Chamber, policy interest rate, State Bank Pakistan

ISLAMABAD ( Web News ) Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry (ICCI) said that the policy interest rate was already higher in Pakistan compared to regional countries and the SBP has made unprecedented hike of 150 basis points in it in one go taking it toRead More →

New Budget To Be Inflation-Neutral As Most Tax Rates Remain Unchanged: SBP

On: July 27, 2021

In: Commerce and Industry

Tagged: 7.1 percent of GDP, budget deficit, FY22 growth, Monetary policy unchanged, SBP’s TERF facility, State Bank Pakistan

State Bank keeps monetary policy unchanged. SBP anticipates growth in demand of private sector credit, expects growth in revenues, decline in budget deficit in 2021-22 ISLAMABAD ( JAVED MAHMOOD ) Monetary Policy Committee of the State Bank of Pakistan said that FY22 budget is expected to be broadly inflation-neutral asRead More →

MMBL and SCBF commit to “fast-tracked” banking solutions in Pakistan. SCBF has funded over 188 projects across 48 countries to date, with this being their second project in Pakistan.

ICCI demands more lenient import policy to promote business activities The restricted imports policy is badly affecting on revenue collection at the import stage varies between Rs.30 billion to Rs.50 billion per month.

SBP’s Reserves Further Drop To $5.82 Billion By Dec 23, 2022 For the first time in decades, the SBP’s reserves fell below the commercial banks’ foreign exchange reserves.

ICCI terms 100bps hike in SBP interest rate a big blow to businesses SBP should withdraw the recent hike in policy rate and bring it to single digit level to reduce production cost

Govt. Pakistan withdraw appeals filed by SBP & NBP against Federal Shariat Court’s verdict Commercial banks and the central bank had subsequently filed an appeal before the Supreme Court of Pakistan (SCP) challenging the FSC verdict.

State Bank of Pakistan raises policy rate by 125 basis points to 15% Dr. Murtaza Syed says ‘most important’ objective behind the move was to control spiraling inflation

SBP presents commemorative coin to German Ambassador, marking 70 years of diplomatic relations The coin has a diameter of 30.00 mm and weigh of 13 grams with milled serrations on the edge.

NBP continues to support FIA’s inquiry related to Hascol NBP’s own stance on the Hascol event has been documented in a submission made to the SBP

SBP organized an online event – “Digital Banks – A New Era in Banking” The event was attended by members of the banking community, fintechs, business fraternity and Govt. agencies

SBP. Amendment Act 2021, FIA and Nab to have powers to probe SBP officials First, the oversight powers and mandate of the government appointed BoD is being strengthened.

Hike in policy interest rate to affect the growth of business and economy – ICCI

New Budget To Be Inflation-Neutral As Most Tax Rates Remain Unchanged: SBP

UAE advisor visited FPCCI for meeting with business community

IIUI Placed among 51-100 Universities globally in subject based QS ranking