State Bank of Pakistan
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 Bank of Pakistan, in its statement…
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 and spoke at the 20th annual…
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 System Review released on Monday. According…
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…
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 a historical record. The SBP and…
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 on Thursday, an increase of 11%…
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 month in March, State Bank announced…
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 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…
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 over last year – volume up…
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 recently released by the central bank,…
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. 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
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…
