SBP keeps policy rate at 22 per cent with emphasis on continued fiscal consolidation

KARACHI, Mar 18 (APP):State Bank of Pakistan (SBP), on Monday, cautiously decided to keep policy rate at 22 per cent on pretext of elevated inflation expectations that required continuity of the current monetary stance to bring inflation down. The Monetary Policy Committee (MPC) also emphasized on timely realization of planned external inflows along with continued… Continue reading SBP keeps policy rate at 22 per cent with emphasis on continued fiscal consolidation

Draw of Rs40,000 prize bond held

FAISALABAD, Mar 12 (APP):The 28th draw of prize bonds of Rs.40,000 denomination was held in State Bank of Pakistan (SBP) Faisalabad. Prizes of different values were announced for different numbers in this draw. Executive Members FCCI Shafique Hussain Shah and Maqsood Akhtar Butt represented the Faisalabad Chamber of Commerce & Industry (FCCI) during this draw… Continue reading Draw of Rs40,000 prize bond held

SBP Governor highlights potential of data utilization for economic growth

ISLAMABAD, Mar 6 (APP): Governor State Bank of Pakistan (SBP) Jameel Ahmad on Wednesday emphasized that the unprecedented volume of data generated by digital devices underscore the potential of effective data utilization in contributing to sustained economic growth, societal welfare, poverty reduction, and improved living standards across the diverse SAARC region. He said while inaugurated… Continue reading SBP Governor highlights potential of data utilization for economic growth

Governor SBP inaugurates 1st edition of Pakistan Financial Literacy Week

KARACHI, Mar 04 (APP):Governor State Bank of Pakistan (SBP) Jameel Ahmad, Monday, said that SBP fully recognizes access to financial services a fundamental right, and SBP’s mission is to empower every citizen by providing them with the tools and knowledge needed to participate fully in the economy. He was delivering his key note address via… Continue reading Governor SBP inaugurates 1st edition of Pakistan Financial Literacy Week

Lead Financial Sector Specialist in the Finance, Competitiveness and Innovation Global Practice, World Bank Group, Miquel Dijkman addressing during launching ceremony of Pakistan Financial Literacy Week at SBP.

APP20-040324 KARACHI: March 04 – Deputy Governors State Bank of Pakistan, Dr. Inayat Hussain and Saleemullah giving away Financial Literacy Awards to executive of winning bank at the launch of Pakistan Financial Literacy Week at SBP Auditorium.

Pakistan’s new currency banknotes to be introduced in next two years: Saleem Ullah

ISLAMABAD, Feb 1 (APP): Deputy Governor at State Bank of Pakistan Saleem Ullah Thursday disclosed that new banknotes with improved security features will be introduced in the next two years where SBP has announced an art competition to engage local artists, designers, and art students in shaping the visual identity of the upcoming currency. In… Continue reading Pakistan’s new currency banknotes to be introduced in next two years: Saleem Ullah

Foreign exchange rates

KARACHI, Jan 29 (APP):The Exchange Rates Committee of the Financial Markets Association of Pakistan issued the following Exchange rates bulletin, here on Monday. CONVERSION RATES FOR JANUARY 29, 2024 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE 25 DEPOSITS) SBP SETTLEMENT VALUE DATE JANUARY 31, 2024      USD      279.3915  … Continue reading Foreign exchange rates

PCB Board of Governors formed

PESHAWAR, Jan 27 (APP):The Pakistan Cricket Board Saturday announces the composition of the Board of Governors (BoG) by Paragraph 10 of the PCB Constitution 2014. The Board of Governors now stands as follows: Mr Mustafa Ramday (PCB Patron’s nominee) Mr Syed Mohsin Raza Naqvi (PCB Patron’s nominee) Mr Sajjad Ali Khokhar, President of Regional Cricket… Continue reading PCB Board of Governors formed

SBP software application prepared to receive account holders complaints against banks, says SBP Multan chief

MULTAN, Jan 24 (APP):Chief Manager State Bank of Pakistan (SBP), Multan, Javed Iqbal Marth has said that the central bank has prepared a software application to enable account holders to file complaints against banks. He was speaking at a ceremony organized by the Multan Chamber of Commerce and Industry (MCCI) with industrialists notably MCCI president… Continue reading SBP software application prepared to receive account holders complaints against banks, says SBP Multan chief

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