Friday, April 3, 2020  | 9 Shaaban, 1441
Samaa TV
Facebook Twitter Youtube
Posts tagged "central bank"

Job market to remain tight as the State Bank of Pakistan continues to push for economic stability

The central bank has increased its monetary policy rate by 0.25%

Read More

January 31, 2019


SBP denies rumors of issuing Rs 10,000 banknote

KARACHI:The State Bank of Pakistan (SBP) has categorically denied a news item circulating in a section of social media regarding issuance of Rs 10,000 banknote. The existing banknote denominations satisfactorily meet the payment, settlement and other allied needs of the economy and thus there is no need for issuing higher denomination banknotes, said a press…

Read More

March 23, 2018


Companies are free to choose Chinese Yuan for bilateral trade, investment activities: SBP

The State Bank of Pakistan, in the capacity of the policy maker of financial & currency markets, has taken comprehensive policy related measures to ensure that imports, exports and financing transactions can be denominated in CNY. Both public and private sector enterprises (i.e. both Pakistanis and Chinese) are free to choose CNY for bilateral Trade &…

Read More

January 2, 2018


Japan’s factories, retailers rev up, central bankers flag stimulus reduction

FILE PHOTO: A worker cycles near a factory at the Keihin industrial zone in Kawasaki, Japan, November 15, 2017. REUTERS/Toru Hanai/File Photo TOKYO: Japan’s factories and retailers posted better-than-expected growth in activity in November, while minutes from the central bank’s last policy meeting showed board members raising the prospect of reducing stimulus, reported Reuters. The…

Read More

December 28, 2017


SBP takes notice of skimming incidences-relevant Bank to compensate fully its customers

KARACHI: During the preceding week, State Bank of Pakistan (SBP) noted with concern that customers’ information on debit cards of Habib Bank Limited was compromised by hackers through skimming to create its clones and were used to withdraw depositor’s money from various locations within and outside the country. Since then SBP has been in contact…

Read More

December 5, 2017


SBP grants commencement of banking business to Bank of China

KARACHI: The State Bank of Pakistan (SBP) has allowed commencement of banking business to the Bank of China Limited, says an announcement here on Monday. Earlier, SBP had issued a banking license to the bank in the month of May 2017. The Bank of China Limited has complied with the important regulatory and operational requirements…

Read More

September 18, 2017


Foreign reserves rise to $14,375.1 million

KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose 0.45% on a weekly basis, according to data released by the central bank on Thursday. The SBP’s press release states, “On August 18, the foreign currency reserves held by the central bank were recorded at $14,375.1 million, up $64.6 million or…

Read More

August 25, 2017


Chinese president tells country’s central bank to play bigger role in managing financial risk

BEIJING/SHANGHAI: China’s central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that ended on Saturday, reported Reuters. Financial security is a vital part of national security, Xi said at the fifth National Financial Work…

Read More

July 16, 2017


SBP maintains policy rate unchanged at 5.75 percent

KARACHI: The State Bank of Pakistan has kept the policy rate unchanged at 5.75 percent. An announcement to this effect was made here on Saturday by the Monetary Policy Committee of the SBP. The statement said that the real GDP growth in the fiscal year 2017 (FY17) is provisionally estimated at 5.3 percent representing a…

Read More

May 20, 2017


SBP urges traders to import through EIF

RAWALPINDI: In order to curb illegal and duplicate payments of imports by unscrupulous elements all imports in the country should be made compulsorily through Electronic Import Form (EIF), said Director Exchange policy department State Bank of Pakistan Fazal Mehmood said here Friday. Addressing a interactive session on Electronic Import Form (EIF)  organized by Rawalpindi Chamber…

Read More

May 19, 2017


SBP inks agreement with Iranian bank

An agreement on Banking and Payment Arrangement (BPA) has been signed between State Bank of Pakistan (SBP) and Bank Markazi Jomhouri Islami Iran (BMJII) today in Tehran. Mr. Riaz Riazuddin, Deputy Governor, SBP and Mr. Ghulamali Kamyab, Vice Governor, BMJII have signed the agreement on behalf of their respective central banks. The objective of this…

Read More

April 14, 2017


SBP clarifies authenticity of Rs. 500 notes

KARACHI: The State Bank of Pakistan (SBP) has clarified the authenticity of Rs 500 Banknotes without OVI. Apropos the news circulating in some sections of social media regarding authenticity of Rs 500 banknotes without OVI flag, it may be recalled that the State Bank had introduced new design banknotes of Rs 500 in 2006′, said…

Read More

March 27, 2017


SBP keeps policy rate unchanged at 5.75 percent

KARACHI: The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 5.75 percent. The announcement to this effect was made in a statement of the SBP issued here on Saturday. It said the inflation expectations in the current fiscal year continue to remain well anchored….

Read More

March 25, 2017


SBP clarifies position on relocation to Lahore

KARACHI: State Bank of Pakistan (SBP) said none of its department is being shifted to Lahore. However, part of a few functional departments of its subsidiary responsible to undertake operational work is being relocated to Lahore, to meet the oversight and logistic requirements for operational efficiency.   The central bank said its press release that…

Read More

October 15, 2016


Pakistan’s liquid foreign reserves position

KARACHI: The State Bank of Pakistan says that the total liquid foreign reserves held by the country stood at US$22,858.4 million on 09September2016. The break-up of the foreign reserves position is as under:- i)    Foreign reserves held by the State Bank of Pakistan :    US$  17,853.7  million ii)    Net foreign reserves held by commercial banks        …

Read More

September 15, 2016


Pakistan’s foreign reserves stand at $23,081 mln: SBP

KARACHI: The State Bank of Pakistan (SBP) says that the total liquid foreign reserves held by the country stood at US$23,081.2 million on 19 August 2016. According to the central bank, the break-up of the foreign reserves position is  as under:- Foreign reserves held by the State Bank of Pakistan: US$ 18,186.8 million Net foreign…

Read More

August 25, 2016


SBP issues Prepaid Card regulations

KARACHI: The State Bank of Pakistan (SBP) says it has issued Prepaid Card Regulations to promote electronic payments in Pakistan by introducing alternate digital means of payments and achieve greater financial inclusion by taking advantage of the technological developments in the card industry, The Prepaid Card is a payment instrument built around a pay early,…

Read More

May 9, 2016


SBP report stresses over need for reforms

KARACHI: The State Bank of Pakistan on Thursday stressed upon removing structural rigidities of various economic sectors, especially the export sector, in order to shift reliance from debt inflows for the financing of current account deficit and building up of foreign exchange reserves. “The first and foremost, exports, the prime source of foreign exchange earnings…

Read More

July 16, 2015

About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp
Facebook Twitter Youtube