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18th April, 2013
Banks face liquidity crunch: Govt raises only Rs28 billion
The State Bank could hardly raise Rs28 billion for government through treasury bills which is much below the target of Rs175bn.
The State Bank could hardly raise Rs28 billion for government through treasury bills which is much below the target of Rs175bn.
12th April, 2013
SBP leaves key interest rate unchanged at 9.5 per cent
The central bank said it faced two challenges in reaching the decision: maintaining the balance of payment position and containing inflation.
The central bank said it faced two challenges in reaching the decision: maintaining the balance of payment position and containing inflation.
31st March, 2013
Rs289bn raised through NSS
The outgoing government raised Rs289 billion through the National Savings Schemes (NSS) during the first eight months of this fiscal year.
The outgoing government raised Rs289 billion through the National Savings Schemes (NSS) during the first eight months of this fiscal year.
31st March, 2013
SC guidelines sought for appointment of top SBP officials
Recent controversy over the appointment of a deputy governor to the SBP has prompted a citizen to file a petition in the SC to seek an order for the government to develop a transparent procedure.
Recent controversy over the appointment of a deputy governor to the SBP has prompted a citizen to file a petition in the SC to seek an order for the government to develop a transparent procedure.
26th March, 2013
ECP orders govt to de-notify SBP appointment
The ECP has taken notice of the appointment of deputy governor of the State Bank of Pakistan, allegedly in violation of its ban on fresh recruitments, and asked the govt to de-notify it.
The ECP has taken notice of the appointment of deputy governor of the State Bank of Pakistan, allegedly in violation of its ban on fresh recruitments, and asked the govt to de-notify it.
24th February, 2013
Banks shy of identifying politicians
A commission set up to probe bank loan write-offs from 1971 to 2009 has given a clean chit to politicians and civil or military bureaucrats.
A commission set up to probe bank loan write-offs from 1971 to 2009 has given a clean chit to politicians and civil or military bureaucrats.
12th February, 2013
SBP imposes max spread limit between buying, selling rates
Maximum spread allowed between buying and selling rates of foreign currencies must not exceed 25 paisas at any given time, said an SBP statement.
Maximum spread allowed between buying and selling rates of foreign currencies must not exceed 25 paisas at any given time, said an SBP statement.
8th February, 2013
SBP leaves key policy rate unchanged at 9.5 per cent
“There is a shortfall in revenue collection and subsidies are also mounting pressure on our economy,” said State Bank governor Yaseen Anwar.
“There is a shortfall in revenue collection and subsidies are also mounting pressure on our economy,” said State Bank governor Yaseen Anwar.
14th December, 2012
Pakistan central bank cuts key policy rate to 9.5 per cent
The bank's Central Board of Directors said the decision was taken at a meeting on monetary policy following a decline in the inflation rate in recent months.
The bank's Central Board of Directors said the decision was taken at a meeting on monetary policy following a decline in the inflation rate in recent months.
7th December, 2012
Pakistan central bank injects Rs 547.25 billion into market
The State Bank of Pakistan injected Rs 547.25 billion into the market for one week through its reverse repo open market operation on Friday.
The State Bank of Pakistan injected Rs 547.25 billion into the market for one week through its reverse repo open market operation on Friday.
2nd December, 2012
SBP in control, defends easing
The SBP currently assigns more importance to private investment and growth than inflation.
The SBP currently assigns more importance to private investment and growth than inflation.
30th November, 2012
SBP injects Rs 545 billion into market
Pakistan’s central bank bought Rs 545 billion worth of government paper from commercial banks in a seven-day reverse repo to inject funds into the money market.
Pakistan’s central bank bought Rs 545 billion worth of government paper from commercial banks in a seven-day reverse repo to inject funds into the money market.
22nd November, 2012
Pakistan’s forex reserves fall to $13.814 billion
Pakistan's foreign exchange reserves dropped 0.22 per cent in the week ending Nov 16, from $13.845 billion the previous week.
Pakistan's foreign exchange reserves dropped 0.22 per cent in the week ending Nov 16, from $13.845 billion the previous week.
17th October, 2012
Mobile Phone & Smart Card banking accounts surge in Pakistan
Pakistan's financial sector is now going through a dynamic transition led by the latest technology solutions: Deputy Governor State Bank of Pakistan.
Pakistan's financial sector is now going through a dynamic transition led by the latest technology solutions: Deputy Governor State Bank of Pakistan.
6th October, 2012
SBP slashes interest rate to 10pc
The State Bank announced on Friday another cut in the policy interest rate by 50 basis points to 10 per cent.
The State Bank announced on Friday another cut in the policy interest rate by 50 basis points to 10 per cent.
4th October, 2012
Pakistan’s forex reserves rise to $14.900 billion
Pakistan’s foreign exchange reserves rose 0.39 per cent to $14.900 billion in the week ending Sept 28, the central bank said on Thursday.
Pakistan’s foreign exchange reserves rose 0.39 per cent to $14.900 billion in the week ending Sept 28, the central bank said on Thursday.
27th September, 2012
Pakistan’s foreign reserves drop to $14.841 billion: SBP
Reserves held by the SBP stand at $10,321.8 million while net foreign reserves held by banks other than SBP stood at $4,519.7 million.
Reserves held by the SBP stand at $10,321.8 million while net foreign reserves held by banks other than SBP stood at $4,519.7 million.
15th September, 2012
SBP chief optimistic about PRI potential
Yaseen Anwar said that banks have started improving their infrastructure and related systems to offer better remittance services to their customers.
Yaseen Anwar said that banks have started improving their infrastructure and related systems to offer better remittance services to their customers.
13th September, 2012
State Bank introduces new set of prudential returns for banks
SBP has advised all banks incorporated in Pakistan to submit these returns/statements on half yearly basis, effective from half year ending June 30, 2012 and onward.
SBP has advised all banks incorporated in Pakistan to submit these returns/statements on half yearly basis, effective from half year ending June 30, 2012 and onward.
13th September, 2012
Pakistan forex reserves rise to $14.828 billion
Foreign exchange reserves rose to $14.828 billion in the week ending Sept 7, from $14.821 billion in the previous week, the State Bank said Thursday.
Foreign exchange reserves rose to $14.828 billion in the week ending Sept 7, from $14.821 billion in the previous week, the State Bank said Thursday.
