The United States remained the top destination for exports of Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom. Total exports to the United States during this period recorded $2,512.809 million compared to $2,299.165 million last year, showing an increase of 9.29 percent, according to … Read more
Karachi: State Bank of Pakistan Governor Jamil Ahmed on Monday reiterated the central bank’s commitment to increasing financial inclusion by enhancing collaboration with global and local stakeholders. The Governor of SBP, in his meeting with CEO of the Alliance for Financial Inclusion (AFI), Dr. Alfred Hannig, here, highlighted SBP’s recently launched third edition of the … Read more
The State Bank of Pakistan (SBP) announced its National Financial Inclusion Strategy (NFIS) for 2024-2028, setting an ambitious target to increase financial inclusion from 64% in 2023 to 75% by 2028 and reduce the gender gap in financial inclusion from 64% to 75% by 2028. 34% in 2023 to 25% in 2028. The new strategy … Read more
KARACHI, Jan 03 (APP): The State Bank of Pakistan (SBP) pumped Rs2,429.65 billion into the market through reverse repo purchases and Shariah-compliant Mudaraba-based open market operations (OMO) on Friday. The State Bank of Pakistan conducted open market, reverse repo purchasing (injection) operation on 03 January 2025 for 7 days and 28 days and as per … Read more
The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO) where it obtained a total of Rs460 billion from the market. OMO Result Summary: Tenor He writes Amount Offered (Rs in Millions) Amount accepted (Rs in millions) an average (%) quotes 03-day Repo sale (disposal) 460,000 460,000 12.90 – 12.95 12.95 OMO is … Read more
The State Bank of Pakistan (SBP) has raised the minimum paid-up capital requirement for exchange houses to Rs 1 billion, significantly tightening regulations to formalize the currency market. Dawn said the updated regulatory framework poses challenges for older companies while making it more difficult to establish new ones. In September 2023, the State Bank of … Read more
The State Bank of Pakistan (SBP) has announced that it, along with all banks, development finance institutions (DFIs) and microfinance banks (MFBs), will remain closed for public dealings on Wednesday, January 1, 2025, for bank monitoring. vacation. In a notice issued on Saturday, the central bank clarified that although banks will not be open to … Read more
National Power Parks Management Company (Private) Limited (NPPMCL), a government-owned independent power producer (IPP), has invited the State Bank of Pakistan (SBP) to approve the transfer of US$4.7 million to General Electric (GE) for… Maintenance work. Of power plants powered by liquefied natural gas (RLNG). According to media reports, the payment delay is due to … Read more
Hafizabad: The State Bank of Pakistan (SBP) has closed the Hafizabad branch of the National Bank of Pakistan (NBP) after counterfeit notes totaling Rs. 2 million found. The counterfeit currency was deposited through a private bank, raising major concerns about oversight of banking procedures. As a result of this serious error, the SBP imposed Rs. … Read more
The State Bank of Pakistan on Friday issued a commemorative coin on the occasion of the 555th Jayanti (birth anniversary) of Guru Nanak Dev Ji, the founder of the Sikh religion. Nanak’s birth anniversary was held at Gurdwara Janamashtham Nankana Sahib last week, where Sikh yatris from all over the world, including India, performed religious … Read more