SBP

SBP Allows IT Exporters to Retain 35% Earnings in Foreign Current Accounts

“Exporters would be allowed to use their retained funds for legitimate business payments or expenses abroad,” said the State...

Jan 16 · >

SBP introduces instant and free person-to-person payments under Raast

State Bank of Pakistan has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through Raast,...

in Mobile, News
Feb 6 · >

Digital transactions increase 31% year-on-year during Jan-Mar: SBP

E-banking transactions in Pakistan are undeniably on the rise, as exhibited by the State Bank of Pakistan’s Quarterly Payment...

in News
Jun 28 · >

521 solar projects worth Rs36bn have been launched under SBP’s schemes

According to Governor State Bank of Pakistan (SBP) Dr. Reza Baqir during a webinar, various commercial banks have extended...

in News
May 5 · >

Pakistan’s foreign exchange reserves rise to $16.4 billion

The foreign exchange reserves held by the central bank rose 2.39% on a weekly basis, according to data released...

in News
Apr 30 · >

PM Imran thanks overseas Pakistanis as RDA funds cross $1bn mark

Prime Minister Imran Khan on Saturday thanked overseas Pakistanis as funds received through the Roshan Digital Account (RDA) –...

in News
Apr 24 · >

Govt to pay salaries, employee pensions via Raast instant payments system

The State Bank of Pakistan (SBP) has decided to digitize the payment process for salaries and payments of government...

in News
Mar 31 · >

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 · >

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 · >

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 · >

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 · >

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 · >