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State Bank comes clean about Pakistan’s exchange rate policy

It’s neither free floating nor fixed

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June 17, 2019

 

Never share your bank account details on SMS: State Bank

Hackers may gain access to the information

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April 12, 2019

 

Gold is trading at an all-time high, but air travel is cheaper this year

Inflation has gone up since December 2017

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January 2, 2019

 

State Bank key interest rate reaches five-year high of 10%

Expect fewer jobs in coming months

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November 30, 2018

 

You can thank the State Bank for higher credit card bills

The central bank is expected to increase its interest rate by 0.5% on Saturday

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September 27, 2018

 

No, the Rs5,000 note is not being phased out

This is yet another WhatsApp rumour

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September 4, 2018

 

State Bank issues fresh currency notes on Eid

A total Rs12 billion of lower denomination (upto Rs100) fresh notes have been provided to commercial banks

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August 21, 2018

 

Get fresh currency notes through SMS

The State Bank of Pakistan, through its subsidiary SBP Banking Services Corporation, has launched the service for issuance of fresh currency notes to the public. Fresh currency notes will be available from designated commercial bank branches called “e- branches” and the 16 field offices of the SBP BSC on the occasion of Eid ul Fitr….

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June 1, 2018

 

Pakistan seeks economic lifeline with fresh China loans

Pakistan expects to obtain fresh Chinese loans worth $1-2 billion to help it avert a balance of payments crisis, Pakistani government sources said, in another sign of Islamabad’s growing reliance on Beijing for financial support. Lending to Pakistan by China and its banks is on track to hit $5 billion in the fiscal year ending…

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May 26, 2018

 

State Bank sets Zakat Nisab at Rs.39,198

The State Bank of Pakistan has fixed the Nisab for Zakat deduction on Bank Account for the ongoing Islamic year 1438-39 AH. According to a notification of Ministry of Religious Affairs and Interfaith Harmony, Zakat will be deducted from saving accounts, profit and loss sharing accounts and other similar accounts having the credit balance of…

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May 15, 2018

 

Saad, Salman Rafique bank records investigated over housing scheme links

The government accountability investigator has summoned the bank account details of Federal Railways Minister Khawaja Saad Rafique and his brother Salman Rafique. The State Bank of Pakistan has been asked to provide the documents by the National Accountability Bureau. In particular, NAB wants to know about transfers of money worth Rs500,000 and over. Saad Rafique…

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April 5, 2018

 

Central banks are independent institutions: Oxford University professor

Karachi : 22nd Zahid Husain Memorial Lecture: The Role of a Central Bank in National Economic Development by Professor Sir Paul Collier Creating a shared narrative induces mutual obligations on the part of the public to contribute towards economic development while introducing constraints on rulers at the same time. Central banks as a constitutionally independent institution,…

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February 2, 2018

 

State Bank announces holiday on Feb 5

KARACHI: The State Bank of Pakistan will remain closed on 5th February (Monday) on the occasion of “Kashmir Solidarity Day” as declared by the government, said a notification. The central bank, its offices and the commercial banks will remain closed on Monday. All government, semi-government offices, educational institutions, and corporations will also remain closed as…

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January 31, 2018

 

Banks to remain open for extended hours on Friday

KARACHI: State Bank of Pakistan (SBP) says all banks will remain open after 6:00 pm on Friday (September 29). “In order to facilitate the collection of Government duties / taxes, NIFT will provide special clearing facility on the advice of State Bank of Pakistan on Friday, September 29, 2017 from 6:00 pm,” the State Bank…

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September 28, 2017

 

Govt appoints Riaz as acting governor SBP

ISLAMABAD: The federal government has appointed Mr. Riaz Riazuddin as acting governor of the State Bank of Pakistan on Sunday.

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May 2, 2017

 

Ishaq Dar for further improving business facilities in country

ISLAMABAD: Federal Finance Minister Ishaq Dar has stressed the need for further improving facilities for doing business in the country. He said this while chairing a meeting of Finance Division in Islamabad. The Minister was briefed by Secretary Finance regarding macroeconomic indicators which continued to show positive growth. SBP Governor also apprised the Finance Minister…

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December 23, 2016

 

No question of refusing details of written off loans: SBP

KARACHI: State Bank of Pakistan has explained some facts about the written off loans and made it clear that it has never refused to give details to the Parliament in this regard. SBP, in a statement here on Wednesday, said during debates on written-off loans arising in print and electronic media certain facts need to…

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December 14, 2016

 

Manzoor Wassan sees shocking dream

Sindh Minister for Industries and Commerce Manzoor Hussain Wassan sees a conspiracy unfolding to develop Punjab into a separate country and transfer of State Bank to Lahore is the first step in this connection. Talking to media, he asserted the country’s capital also was shifted in the same manner. Watch what else he said.

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October 13, 2016

 

State Bank orders freezing of terror financing accounts

ISLAMABAD: The State Bank of Pakistan (SBP) has directed all banks in the country to freeze accounts worth millions of rupees linked to 2,021 individuals listed on the Fourth Schedule of the Anti-Terrorism Act (ATA) 1997, in a major move to clamp down on terrorism financing. According to our correspondent, a list of 2,021 individuals…

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September 25, 2016

 

Ishaq Dar takes notice of Panama-like Leaks

ISLAMABAD: Federal Finance Minister Ishaq Dar Thursday took notice of yet another spate of revelations regarding offshore companies owned by Pakistani nationals—this time round, Bahamas Leaks. Dar directed State Bank of Pakistan (SBP) and Securities, Federal Board of Revenue (FBR) and Exchange Commission of Pakistan (SECP) to immediately conduct inquiry into the fresh revelations. He called…

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September 22, 2016

 
 
 
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