SBP
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 by the State Bank of Pakistan…
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) – an investment initiative facilitating foreign investors…
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 employees through Raast instant payments system.…
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, before being appointed as the SBP’s…
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 exports between July 2020 and February…
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 during Jul-Feb FY20”, announced the State…
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 current financial year (2020-21) owing to…
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 consumers. The announcement was made by…
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 by the State Bank of Pakistan…
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 to the latest State Bank of…
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 (ADCs). The SBP stated that it…
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 coronavirus pandemic, the nation’s economy is…
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, as a majority of businesses and…
