State Bank Pakistan Archives - Page 2 of 3

SBP Reports Massive Decline In Inflows Of Roshan Accounts In 2023 Massive DeclineThe Opening Of New Accounts Decreased By 25.86% YoY, With 139,898 New Accounts Compared To The Previous Year’s 188,696.

On: January 15, 2024

Tagged: Massive Decline, New Acc. Decreased 25.86%, Roshan Digital Acc., State Bank Pakistan

State Bank Reports Massive Decline In Inflows Of Roshan Digital Accounts In 2023 Throughout The Year, The Opening Of New Accounts Decreased By 25.86% YoY, With 139,898 New Accounts Compared To The Previous Year’s 188,696. ISLAMABAD ( Web News ) In the calendar year 2023, the total inflows into RoshanRead More →

Digital transactions continue growth trajectory in FY 2022-23 SBP. 155 Million Transactions Were Processed On Raast Involving PKR 3.2 Trillion In FY23.

On: September 28, 2023

In: Breaking News

Tagged: 4.9 Million Transactions, digital transactions, growth trajectory, State Bank Pakistan

State Bank Reports Massive Growth In Digital Transactions In FY23 The RTGS Processed 4.9 Million Transactions Amounting To PKR 640.4 Trillion, While 155 Million Transactions Were Processed On Raast Involving PKR 3.2 Trillion In FY23. ISLAMABAD ( Web News ) The State Bank of Pakistan today reported massive growth inRead More →

SBP should take precautionary measures to ensure dollar stability. Senate committee Rising demand of dollars among the masses and import uplift are the primary drivers in dollars fluctuations. SBP

On: August 24, 2023

In: Breaking News

Tagged: Dollar stability, Precautionary measures, senate committee, State Bank Pakistan

SBP should take precautionary measures to ensure dollar stability & discourage masses from unnecessary dollars purchases: Saleem Mandviwalla ISLAMABAD ( Web News ) Meeting of the Senate Standing Committee on Finance and Revenue was held here at Parliament House on Wednesday with Senator Saleem Mandviwalla in the Chair. The SenateRead More →

BOP Secures Top Rank in SBP’s Agriculture Credit Scoring Model for FY 2023 BOP is also focused to use modern day technology and innovative tools for the well-being of its customers.

On: August 11, 2023

In: Banking Sector

Tagged: Kissan Digital Portal, Model for FY 2023, Secures Top Rank, State Bank Pakistan, The Bank of Punjab

The Bank of Punjab Secures Top Rank in SBP’s Agriculture Credit Scoring Model for FY 2023 LAHORE ( Web News ) State Bank of Pakistan (SBP) introduced a comprehensive Scoring Model to gauge the agriculture credit performance of the banks. Based on this scoring model, banks are ranked according toRead More →

Monetary Policy: SBP keeps key interest rate unchanged at 21pc The committee noted in the statement that multiple important developments had taken place since the last meeting.

On: June 12, 2023

In: Breaking News

Tagged: Control inflation., Gross domestic product, Interest rate 21pc, monetary policy, State Bank Pakistan

Monetary Policy: SBP keeps key interest rate unchanged at 21pc ISLAMABAD ( Web News ) The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 21 percent for the next two months, anticipating that inflation would “start falling” from thisRead More →

SC. SBP to immediately release Rs.21billion funds for Punjab’s polls The Supreme Court on Friday held in-chamber hearing on the issue of release of funds for the polls.

On: April 15, 2023

In: Breaking News

Tagged: Election Of Pakistan, Punjab’s polls, Rs.21billion funds, State Bank Pakistan, Supreme Court Pakistan

Supreme Court orders SBP to immediately release Rs21billion funds for Punjab’s polls The Supreme Court on Friday held in-chamber hearing on the issue of release of funds for the polls. ISLAMABAD ( Web News ) The Supreme Court has directed the State Bank of Pakistan (SBP) to release Rs21 billionRead 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.

On: February 22, 2023

In: Banking Sector

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 →

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