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
The State Bank of Pakistan (SBP) on Monday said during the first quarter of current fiscal year FY-20, Pakistan’s economy moved progressively along the adjustment path. However, inflation reached the highest level during the last seven years in the SBP. The central bank in its report said Pakistan’s economic growth was unlikely to meet the … Read more
