LAHORE: The State Bank of Pakistan (SBP) should act as an autonomous body and operate independently through its schemes and policies, an official said. The Monetary policy should be treated as a public policy and there should not be any political intervention in the business of the central bank, Sustainable Development Policy Institute (SDPI) executive … 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
The country’s current account has been showing a monthly deficit since December 2020, but in the first 10 years of the fiscal year 2020-2021, it remained at a surplus of $773 million, reflecting additional support for remittances and exports. According to the report, the latest State Bank of Pakistan (SBP)’s data show that the current … Read more
The State Bank of Pakistan (SBP) says that the central bank’s reserves increased by $90 million in one week, after which the foreign exchange reserves increased to more than $12.9 billion. According to the details, the SBP said that the foreign exchange reserves of the central bank increased to more than $12.9 billion, while the … Read more
The State Bank of Pakistan (SBP) has announced that the current account deficit has decreased to $229 million from US$652 million last month. The SBP Tweeted, “In January 2021, current account deficit reduced to $229mn from $652mn last month. For the first 7 months of FY21, the current account surplus is $912mn, a significant turnaround … Read more
The State Bank of Pakistan (SBP), has remitted Rs. 657.3 billion principal repayments of loans up to one year under its refinancing scheme for protecting businesses from the impact of the novel coronavirus. According to the details, the Central Bank also allowed restructuring or rescheduling of around Rs. 238.236 billion so far. The number of … Read more
The State Bank of Pakistan will announce its bi-monthly monetary policy today. According to the details, the Monetary Policy Committee (MCP) will meet under the chairmanship of the Governor State Bank. Governor SBP Raza Baqir will announce the new interest rate in a press conference. At present, the policy rate is 7 percent. Today’s monetary … Read more
