KARACHI: The State Bank of Pakistan (SBP) on Monday clarified media reports over its stance on the recently announced monetary policy. The SBP said that over the last few weeks, certain sections of the media, including op-eds have expressed concerns over the actions of the State Bank of Pakistan, particularly regarding the monetary policy decisions … 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
The State Bank of Pakistan (SBP) has announced the Monetary Policy leaving the interest rate unchanged at 7% for the next two months. The decision was taken by the Monetary Policy Committee after an economic review. According to the committee the decision has been taken in accordance with the market policies. According to the details, … Read more
