Thursday, July 7, 2022
Tags State Bank Of Pakistan

Tag: State Bank Of Pakistan

Business

Major hike in policy rate expected in MPC meeting on May 23

News Desk - 0
A majority of market participants expect a major hike in the policy rate in the upcoming Monetary Policy Committee (MPC) meeting of the State...
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National

Dr Murtaza elevated as SBP governor after Dr Reza retires

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Finance Minister Miftah Ismail on Wednesday announced that the three-year term of Dr Reza Baqir as the governor of the State Bank of Pakistan...
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Business

State Bank raises interest rate to 12.25%

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In a surprise move, the State Bank of Pakistan (SBP) on Thursday raised its benchmark interest rate by a significant 250 basis points to...
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National

Tarin rejects reports of autonomy of SBP

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Finance Minister Shaukat Tarin on Monday rejected reports about autonomy being granted to the State Bank, saying the government will still “retain control” over...
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National

SBP governor Baqir sounds optimistic, says GDP to remain around 5%

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State Bank of Pakistan (SBP) Governor Reza Baqir said on Tuesday that the current account deficit (CAD) is expected to increase for the next two...
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Business

Pakistan pays Rs26bn in interest to China

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The State Bank of Pakistan’s annual financial statement revealed that Pakistan has paid over Rs26 billion in interest to China as the country is...
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Business

PKR sheds 4 paisas, trades at 173.96 per dollar

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With making new lows against the US dollar (USD), the Pakistani Rupee has stumbled around 9.5 per cent this fiscal year to date. The...
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Business

Pakistan’s remittances average above $2.7bn for 7th consecutive month

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The overseas Pakistanis’ remittances saw record growth of 12.5 percent over the same period last year as they sent the highest-ever $8 billion sum...
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Business

Rupee posts Rs 1.4 weekly drop

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Pakistani rupee (PKR) has managed to snap a long losing streak, gaining some ground in the interbank market, appreciating by 18 paisa per USD to close the day's trade...
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Business

SBP extends deadline for prize bond encashment

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The State Bank of Pakistan (SBP) has extended the deadline for the encashment, conversion and redemption of prize bonds of Rs40,000, Rs25,000, Rs15,000 and...
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