SBP

KARACHI: The central bank on Monday announced that the key policy rate - the cost of banks’ lending - would remain unchanged at 22 per cent. Notably, in its first meeting after a new loan programme by the IMF, the SBP was scheduled to…

KARACHI: The State Bank of Pakistan (SBP) has raised concerns over Pakistan’s information technology (IT) sector, revealing that a mere 10 % of IT graduates possess the necessary skills to secure employment in the industry. The SBP’s…

KARACHI: Pakistan is facing numerous economic challenges, which are exacerbated by the political impasse. Economic activity is adversely impacted as Pakistan struggles to make external debt repayments. Current account balance was in…

ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday underlined the urgent need for creating required resilience against negative impacts of climate change to protect humans, agriculture and livestock, besides…

KARACHI: Pakistan’s central bank is expected to jack up the benchmark policy rate in the range of 100 to 200 basis points (bps) at its meeting on Tuesday in a bid to meet a key condition of the International Monetary Fund’s (IMF) loan…

KARACHI: The State Bank of Pakistan (SBP) has abolished the mandatory minimum fee of 1.5%, which was being charged by banks from merchants on financial transactions done through debit and credit cards, and allowed financial institutions to…

The State Bank of Pakistan (SBP), on Monday, reported that bank deposits grew 15% in one-year to Rs22.92 trillion in February, compared to Rs19.91 trillion in the same month of last year. The financial institutions utilised a large…

The central bank attributed the rise in foreign exchange reserves to the receipt of $500 million as government of Pakistan’s commercial loan from China.

Policy rate highest in 26 years, 100 basis points higher than the financial market consensus

Bank revised the schedule to fulfill another condition of the IMF to win back the $6.5 billion loan programme