Ex-IMF official & State Bank’s current governor, Raza Baqir calls for an end to SBP’s accountability

The current governor of the State Bank of Pakistan (SBP), who used to oversee the IMF’s operations in Egypt,...

in News
Mar 27 · 1 min read >

Pakistan’s IT exports maintain growth of 40% over 8 months

Pakistan’s IT sector has remained impressive throughout the current financial year, with consistent growth of above 40 percent in...

in News
Mar 23 · 56 sec read >

Pakistan records current account surplus of $881 million against a deficit of $2,741 million last year

“During Jul-Feb FY21, the current account remained in a surplus of $881 million, against a deficit of $2,741 million...

Mar 22 · 1 min read >

Foreign direct investment to Pakistan down by 30% in eight months

The net inflow of foreign direct investment (FDI) declined 30 percent during the first eight months (July–February) of the...

Mar 18 · 1 min read >

SBP permanently removes charges for Internet and mobile banking services

The State Bank of Pakistan (SBP) has waived off the fees on various internet and mobile banking services for...

in News
Mar 11 · 1 min read >

SBP foreign reserves surge by $70mn to almost $13bn

The foreign exchange reserves held by the central bank rose 0.54% on a weekly basis, according to data released...

in News
Mar 5 · 42 sec read >

Pakistan’s foreign direct investment drops by 27pc

Foreign Direct Investment (FDI) declined by 27.4 percent during the July-Jan 2021 period of the current fiscal year. According...

Feb 22 · 42 sec read >

SBP orders banks to enable fully interoperable digital payment options

The State Bank of Pakistan (SBP) has issued directives to further facilitate customer repayment options on Alternate Delivery Channels...

in News
Feb 22 · 43 sec read >

Despite COVID-19, Pakistan economy moving in the right direction: PM Imran Khan

Prime Minister Imran Khan believes that despite the massive burden of debt and the challenges posed by the global...

in News
Feb 18 · 1 min read >

Bank deposits increase by 16.5% in one year: SBP

Total deposits in the nation’s banks grew by 16.5% over the past year to Rs17.08 trillion in January 2021,...

in News
Feb 12 · 1 min read >

Roshan digital accounts bring in $400m in four months

In a development that is sure to boost the nation’s confidence in the central bank initiative launched by Prime...

in News
Feb 3 · 1 min read >

SBP foreign exchange reserves plummet by $386m over a single week

Foreign exchange reserves held by the State Bank of Pakistan (SBP) have taken a considerable hit. According to data...

in News
Jan 22 · 48 sec read >