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 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 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 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 →

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 →

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 →

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 →

KARACHI ( Web News ) In order to promote digital payments, SBP has been taking steps to make them more secure, introducing new features and promoting their use. In consultation with the industry and other stakeholders, SBP has taken more steps to make digital transactions and card payments more secureRead More →