Tag: State Bank of Pakistan

Pakistan’s total liquid foreign reserves reach $ 12.3 billion

KARACHI, Nov 23 (APP):The total liquid foreign reserves of Pakistan reached US$ 12,302.3 million while the central bank held the reserves of $ 7,180 million. The State Bank of Pakistan, in a statement issued here on Thursday, informed that SBP’s reserves decreased by $ 217 million to $ 7,180 million due to debt repayments during… Continue reading Pakistan’s total liquid foreign reserves reach $ 12.3 billion

Governor SBP unveils 5 year strategic plan ‘SBP Vision 2028’

KARACHI, Nov 17 (APP):Governor State Bank of Pakistan (SBP) Jameel Ahmad, Friday, launched the central bank’s 5-year strategic plan, SBP Vision 2028, that consisted vision, mission, and key goals of the banking regulator to be pursued over the next five years from 2023 to 2028. SBP Vision 2028 was launched in a ceremony held here… Continue reading Governor SBP unveils 5 year strategic plan ‘SBP Vision 2028’

Bank deposits reached an all-time high

LAHORE, Nov 10 (APP):The State Bank of Pakistan (SBP) said in a statement on Friday that the bank deposits in Pakistan had reached the highest level in its history. Compared to October 22, an increase of 17.80 per cent i.e. Rs 3986 billion was recorded in bank deposits on October 23. The SBP said that… Continue reading Bank deposits reached an all-time high

SBP announces closure of banks on Nov 10 in Smog hit areas of Punjab

KARACHI, Nov 08 (APP):State Bank of Pakistan (SBP), Wednesday, announced closure of bank branches on Friday, November 10, 2023, in Lahore division and certain other districts of Punjab severely hit by Smog. All banks and Micro Finance Banks (MFBs) shall keep their branches closed in Lahore Division (viz. Lahore, Nankana Sahib, Sheikhupura and Kasur districts)… Continue reading SBP announces closure of banks on Nov 10 in Smog hit areas of Punjab

SBP to announce  new monetary policy on 30th

LAHORE, Oct 28 (APP):The State Bank of Pakistan (SBP) will announce a new monetary policy for the next two months on Monday (Oct 30). According to the SBP sources, the Monetary Policy Committee (MPC) would convene in Karachi to assess economic statistics before deciding whether to raise or lower interest rates. It is important to… Continue reading SBP to announce  new monetary policy on 30th

Immediate steps being taken to strengthen economy, facilitate business community: Chief Manager SBP

FAISALABAD, Oct 25 (APP):Economy has been put on the revival track while State Bank of Pakistan (SBP) will take immediate practical and result-oriented steps in consultation with Faisalabad Chamber of Commerce & Industry (FCCI) to further strengthen the economy and facilitate the business community, said Waqas Kashif Bajwa Chief Manager SBP Faisalabad. Addressing a meeting… Continue reading Immediate steps being taken to strengthen economy, facilitate business community: Chief Manager SBP

SBP imposes penalty of over Rs.83 million on 4 banks for violating regulatory instructions

KARACHI, Oct 25 (APP):State Bank of Pakistan (SBP) imposed fines of over Rs.83.157 million on four commercial banks during July- September 2023 on the charges of violation of regulatory instructions pertaining to foreign exchange, general banking operations and customers’ due diligence. The banks were also advised to ensure meticulous compliance with the regulatory instructions and… Continue reading SBP imposes penalty of over Rs.83 million on 4 banks for violating regulatory instructions

SBP expects real GDP growth in the range of 2-3 percent in FY24

KARACHI, Oct 23 (APP):The State Bank of Pakistan (SBP), Monday, said that Pakistan’s economic situation started to show some early signs of improvement and real GDP growth is expected to remain in the range of 2-3% while inflation may subside to 20 to 22% in FY24. The Central Bank, in its Annual Report on the… Continue reading SBP expects real GDP growth in the range of 2-3 percent in FY24

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