State Bank of Pakistan

Pakistan Announced Fresh Ban On Crypto:But Adoption As A Hedge Remains Popular

Aisha Ghaus Pasha, Minister Of State for Finance and Revenue, stated: “Cryptocurrency will never be legalized in Pakistan.” Pakistan’s...

May 19 · >

FBR Just Launched a Currency Declaration App for International Travelers

Named ‘Pass Track’, the application is designed to facilitate passengers by making currency declaration easier The Federal Board of...

Feb 2 · >

E-Processing Systems Secures Approval to commence pilot operations as an Electronic Money Institute

E-Processing Systems Pvt. Ltd. has been granted approval by the State Bank of Pakistan to launch pilot operations as...

in News
Jan 24 · >

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 · >

State Bank Encourages Banks to Increase Adoption Of Online Banking by Collaborating with Tech Firms.

The Managing Director, Syed Irfan Ali of Deposit Protection Corporation, a department of the State Bank of Pakistan attended...

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Sep 16 · >

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...

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Jun 28 · >

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...

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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,...

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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 · >