Thursday, July 7, 2022
Tags State Bank Of Pakistan

Tag: State Bank Of Pakistan

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

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

Dr Murtaza elevated as SBP governor after Dr Reza retires

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...

State Bank raises interest rate to 12.25%

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

Tarin rejects reports of autonomy of SBP

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

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

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...

Pakistan pays Rs26bn in interest to China

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...

PKR sheds 4 paisas, trades at 173.96 per dollar

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...

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

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...

Rupee posts Rs 1.4 weekly drop

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...

SBP extends deadline for prize bond encashment

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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