SBP
Foreign direct investment to Pakistan down by 30% in eight months
2 min read
The net inflow of foreign direct investment (FDI) declined 30 percent during the first eight months (July–February) of the current financial year (2020-21) owing to…
SBP permanently removes charges for Internet and mobile banking services
2 min read
The State Bank of Pakistan (SBP) has waived off the fees on various internet and mobile banking services for consumers. The announcement was made by…
SBP foreign reserves surge by $70mn to almost $13bn
2 min read
The foreign exchange reserves held by the central bank rose 0.54% on a weekly basis, according to data released by the State Bank of Pakistan…
Pakistan’s foreign direct investment drops by 27pc
2 min read
Foreign Direct Investment (FDI) declined by 27.4 percent during the July-Jan 2021 period of the current fiscal year. According to the latest State Bank of…
SBP orders banks to enable fully interoperable digital payment options
2 min read
The State Bank of Pakistan (SBP) has issued directives to further facilitate customer repayment options on Alternate Delivery Channels (ADCs). The SBP stated that it…
Despite COVID-19, Pakistan economy moving in the right direction: PM Imran Khan
2 min read
Prime Minister Imran Khan believes that despite the massive burden of debt and the challenges posed by the global coronavirus pandemic, the nation’s economy is…
Bank deposits increase by 16.5% in one year: SBP
2 min read
Total deposits in the nation’s banks grew by 16.5% over the past year to Rs17.08 trillion in January 2021, as a majority of businesses and…
Roshan digital accounts bring in $400m in four months
2 min read
In a development that is sure to boost the nation’s confidence in the central bank initiative launched by Prime Minister Imran Khan back in September…
SBP foreign exchange reserves plummet by $386m over a single week
2 min read
Foreign exchange reserves held by the State Bank of Pakistan (SBP) have taken a considerable hit. According to data recently released by the central bank,…
Pakistan’s public debt shoots up to Rs3.7 trillion in a year: SBP
2 min read
With the government under pressure to reduce its reliance on short-term debt to minimize refinancing risks, it has been revealed by a recent State Bank…
Pakistan’s first instant payment system developed by SBP launched by PM today
3 min read
In a launch ceremony that kicked off at 4:30 PM today, Prime Minister Imran Khan officially launched Raast, the nation’s first-ever instant payment system developed…
Pakistan’s economy is coming back on track: SBP
2 min read
According to a report issued by the State Bank of Pakistan (SBP), Pakistan’s economy started to regain its pre-COVID trajectory during the first quarter (Q1)…
PM Imran Khan hails ‘remarkable turnaround’ in economy despite COVID-19
2 min read
Prime Minister Imran Khan took to Twitter to express his pleasure at the positive trajectory of the nation’s economy this year despite the ongoing global…
