Business SBP keeps key policy rate unchanged at 22% News Desk Jul 31, 2023 KARACHI: The central bank on Monday announced that the key policy rate - the cost of banks’ lending - would remain unchanged at 22…
Business Only 10% IT graduates employable: SBP News Desk May 20, 2023 KARACHI: The State Bank of Pakistan (SBP) has raised concerns over Pakistan’s information technology (IT) sector, revealing that a…
Business Economic chokehold and current account balance News Desk May 15, 2023 KARACHI: Pakistan is facing numerous economic challenges, which are exacerbated by the political impasse. Economic activity is…
Business SBP for building resilience against climate change News Desk May 4, 2023 ISLAMABAD: State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday underlined the urgent need for creating required…
Business Analysts see 100-200 bps hike in policy rate News Desk Apr 4, 2023 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…
Business SBP abolishes 1.5% fee on debit, credit card transactions Daily City News Mar 19, 2023 KARACHI: The State Bank of Pakistan (SBP) has abolished the mandatory minimum fee of 1.5%, which was being charged by banks from…
Business Banks lent 83% deposits to govt in Feb Daily City News Mar 14, 2023 The State Bank of Pakistan (SBP), on Monday, reported that bank deposits grew 15% in one-year to Rs22.92 trillion in February,…
Business SBP’s forex reserves rise to $4.3b Arham Irfan Mar 10, 2023 The central bank attributed the rise in foreign exchange reserves to the receipt of $500 million as government of Pakistan’s…
Business SBP jacks up key policy rate by 300 basis points Arham Irfan Mar 2, 2023 Policy rate highest in 26 years, 100 basis points higher than the financial market consensus
City Updates SBP prepones meeting to Thursday to hike key policy rate Arham Irfan Feb 28, 2023 Bank revised the schedule to fulfill another condition of the IMF to win back the $6.5 billion loan programme