KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce the monetary policy on December 14, 2021, in which the central bank may further increase the policy rate by 100 basis points to 150 basis points, analysts said on Thursday. In the last policy announcement on November 19, 2021, the central bank surprisingly increased … Read more
KARACHI: The bank customers would be receiving at least a 7.25 percent interest rate on their saving account from December 01, which is followed by a hike in the policy rate to 8.75 percent, stated State Bank of Pakistan (SBP). In a series of tweets SBP shared the details of the policy rate for bank … Read more
KARACHI: The State Bank of Pakistan (SBP) on Friday declared an upsurge of 150 basis points in its policy rate to hold rising inflation, which intimidates to undermine the economy of Pakistan. The SBP stated that the conclusion to escalate the interest rate to 8.75% is taken due to dangers linked to inflation. According to … Read more
KARACHI: .The central bank said to facilitate the collection of government receipts/duties/taxes, it has been decided that the field offices of the SBP Banking Services Corporation (SBP‐BSC) and the authorised branches of the National Bank of Pakistan (NBP) will observe extended banking hours till 8:00pm on June 30, 2021 (Wednesday), for which a special clearing … Read more
KARACHI: The State Bank of Pakistan (SBP) on Monday announced that the banks will remain closed on July 1, 2021 for public dealing. A circular issued by the central bank said the SBP will remain closed for public dealing on Thursday July 1, 2021, which would be observed as a bank holiday, enabling the central … Read more
Governor of the State Bank of Pakistan (SBP) Reza Baqir on Thursday has said that providing investment opportunities to overseas Pakistanis is the primary vision of Prime Minister Imran Khan. According to the details, addressing an event in connection with Roshan Digital Account reaching a milestone of one billion dollars, Governor SBP said that the … Read more
The State Bank of Pakistan (SBP) has declared the recent rise in inflation in the country as temporary and announced to keep the interest rate at 7%. Briefing the media in Karachi, SBP Governor Raza Baqir said that the main responsibility of the SBP was to curb the rise in inflation. In this regard, the … Read more
The weekly meeting of the National Coordinating Committee for Housing, Construction and Development, chaired by Prime Minister Imran Khan, was held on Thursday. During the meeting, Governor SBP briefed Prime Minister Imran Khan on the provision of easy instalment loans to the poor and middle class. The heads of National Bank, Allied Bank, Meezan Bank, … Read more
Addressing a press conference in Karachi, Governor State Bank Dr. Reza Baqir has said that inflation is threatening but is likely to remain within the target. He said the economic growth in the country has boosted and the confidence of the business community has strengthened. “The government also took some serious decisions regarding the country’s … Read more
The value of the US Dollar has risen again. According to the data released by the State Bank of Pakistan, the US Dollar has become 33 paise more expensive in the interbank market. [embedpost id=”50366″ slug=”gold-prices-increase-by-rs-250-on-july-29-2020″] The Forex dealers said, the dollar has risen from 166.45 to 166.78 in the interbank market. Interbank closing #ExchangeRate … Read more
SBP Governor Says, Inflation Would Decrease in Coming Days due to Coronavirus outbreak. Reza Baqir, Governor State Bank of Pakistan, said the inflation is expected to decrease in the coming days’ and the central bank ready to “take action” regarding the interest rate in a pandemic situation. He said the central bank decided the interest … Read more
