State Bank of Pakistan

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 ·>

Housing finance grows by a historic 36%, citizens get Rs.15 billion under “Naya Pakistan” scheme

The State Bank of Pakistan announced Tuesday that housing and construction finance has grown by a staggering 36%, setting...

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Apr 29 ·>

Pakistan’s foreign exchange reserves jump to US $23.22 billion

Pakistan’s foreign exchange reserves stood at the US $23.22 billion as of April 09, 2021, the central bank said...

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Apr 15 ·>

Record breaking remittances reach above $2 billion for 10th consecutive month in a row

The flow of workers’ remittances into Pakistan continued its record run of going above $2 billion for the 10th consecutive...

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Apr 12 ·>

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 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 ·>

Internet & Mobile banking transactions more than double – up by 113%, with 44.2 million cards issued

The State Bank of Pakistan (SBP) has announced that Internet & mobile banking transactions more than doubled in Q2FY21...

in News
Mar 19 ·>

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...

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Jan 22 ·>

A complete guide to opening a Roshan Digital Bank Account

The State Bank of Pakistan recently announced a new banking solution for Non-Resident Pakistanis called the Roshan Digital Account....

Jan 10 ·>

SBP launches consultation on Banking on Equality Policy – an initiative to increase financial inclusion of women in the country

In order to address one of the key challenges hindering economic growth of Pakistan to its full potential, State...

in News
Dec 22 ·>

State Bank of Pakistan finally grants SadaPay approval to begin pilot operations in 2021

The State Bank of Pakistan has granted permission to fintech startup SadaPay to begin pilot operations next year. The...

Dec 16 ·>

Workers’ remittances remain above $2 billion for the sixth consecutive month: SBP

Workers’ remittances have continued their steady (and impressive) momentum by remaining above the $2 billion mark for a record...

in News
Dec 11 ·>