State Bank of Pakistan
Ex-IMF official & State Bank’s current governor, Raza Baqir calls for an end to SBP’s accountability
3 min read
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 records current account surplus of $881 million against a deficit of $2,741 million last year
2 min read
“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…
Internet & Mobile banking transactions more than double – up by 113%, with 44.2 million cards issued
2 min read
The State Bank of Pakistan (SBP) has announced that Internet & mobile banking transactions more than doubled in Q2FY21 over last year – volume up…
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,…
A complete guide to opening a Roshan Digital Bank Account
4 min read
The State Bank of Pakistan recently announced a new banking solution for Non-Resident Pakistanis called the Roshan Digital Account. The initiative, which incorporates 8 leading…
SBP launches consultation on Banking on Equality Policy – an initiative to increase financial inclusion of women in the country
4 min read
In order to address one of the key challenges hindering economic growth of Pakistan to its full potential, State Bank of Pakistan (SBP) has launched…
State Bank of Pakistan finally grants SadaPay approval to begin pilot operations in 2021
2 min read
The State Bank of Pakistan has granted permission to fintech startup SadaPay to begin pilot operations next year. The startup is planning to shake up…
Workers’ remittances remain above $2 billion for the sixth consecutive month: SBP
2 min read
Workers’ remittances have continued their steady (and impressive) momentum by remaining above the $2 billion mark for a record sixth successive month. In aggregate, remittances…
Mobile banking grows rapidly due to COVID-19
2 min read
The State Bank of Pakistan released a report this week on the Payments Systems Review for July-September. The report, which analyzes the breakdown of payment…
State Bank issues regulatory framework to facilitate e-Commerce exports from Pakistan
2 min read
According to a press release issued by the State Bank of Pakistan (SBP), the bank has issued a regulatory framework to facilitate Business-to-Consumer (B2C) e-Commerce…
Foreign investors withdraw $471.7M from Pakistan’s debt market after SBP slashes policy rates
2 min read
In the last five months, foreign investors have withdrawn $471.7 million from Pakistan’s debt market owing to reduced policy rates introduced by the State Bank…
SBP reserves increase by nearly $500m in a single week, cross the $13b mark
2 min read
According to data released by the State Bank of Pakistan (SBP) yesterday, the foreign exchange reserves held by the central bank rose by 3.74% on…
SBP’s liquid foreign exchange reserves reach $12.93 billion – highest since Feb 2018
2 min read
The liquid foreign exchange reserves currently held by the country have increased by 5.62 percent over the previous month according to the stats issued by…
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