SBP raises key interest rate by 50 basis points to 10.75pc
KARACHI: The State Bank of Pakistan (SBP) has raised the key policy rate by 50 basis point to 1-.73 percent on Friday. The central bank...
State Bank of Pakistan
Telenor Microfinance Bank wins ‘Most Innovative MFI Award’
KARACHI: Strengthening its market standing as the nation’s preferred banking institution, Telenor Microfinance Bank (TMB) has won the 13th Citi Micro-entrepreneurship Awards – Most Innovative...
Another Pakistan prisoner in Indian jail ‘dies’
AMRITSAR: Another Pakistani languishing in Indian jail died on Thursday night. It is not clear whether the prisoner was tortured to death or he died of...
Pakistan foreign exchange reserves increase by $79.7m
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan increased by $79.7 million to $8,116.5 million. According to data released by the...
Inflation hit nearly five months high in February
KARACHI: Inflation in the country continued to soar and has touched nearly five years’ high in February 2019. Inflation soared by 8.21 in February 2019,...
Pakistan came out of financial crisis: Governor SBP
KARACHI: Governor of the State Bank of Pakistan Tariq Bajwa has said that the country has successfully come out of the financial crisis it was...
Former SBP Governor Salim Raza joins Karandaaz Board of Directors
ISLAMABAD: Karandaaz Pakistan announced the appointment of former Governor State Bank of Pakistan Salim Raza on its Board of Directors. Salim Raza has over 40...
SBP raises key interest rate by 25bps to 10.25pc
LAHORE: The State Bank of Pakistan (SBP) on Thursday raised the key interest rate by 25 basis points to 10.25 percent for the period of...
SBP launches Mobile Wallet Scheme to promote home remittances
ISLAMABAD: The State Bank of Pakistan (SBP) has launched a Mobile Wallet scheme for promoting home remittances through the baking channels. The Wallet Scheme has...
State of Pakistan’s Economy: SBP says macroeconomic environment remain challenging
KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the overall macroeconomic environment remained challenging during the first quarter of FY19 as suggested by...