SBP

SBP hosts the Sixteenth Sarkvonance Symposium on the challenges and central banking opportunities – Trendy Blogger

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SBP hosts the Sixteenth Sarkvonance Symposium on the challenges and central banking opportunities – Trendy Blogger

The State Bank in Pakistan (SBP) has successfully organized the sixteenth Saarcfinance symposium, entitled “Challenges and opportunities in capacity building for central banks and financial industry: lessons for Saarc countries.” It was held on February 24, 2025 in NIBAF, Islamabad. The event gathered distinguished experts, policy makers and delegates from Saarc member states to discuss … Read more

SBP purchases $ 3.8 billion in the foreign exchange market to boost reserves – Trendy Blogger

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SBP purchases $ 3.8 billion in the foreign exchange market to boost reserves – Trendy Blogger

IslamabadFrom June to October 2024, the Pakistani State Bank (SBP) bought a total of $ 3.8 billion in the local foreign exchange market (FX), according to data issued by the Central Bank on Tuesday. SBP reports usually foreign exchange market interventions with a three -month delay. These interventions in the market contributed to an increase … Read more

SBP for new currency notes in 2025 – Trendy Blogger

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SBP for new currency notes in 2025 – Trendy Blogger

IslamabadThe Governor of the State Bank in Pakistan (SBP), Jameel Ahmad, announced on Monday that the central bank is planning to issue new business notes that start in the second half of 2025. Time, with improved safety features. Ahmed explained that SBP aims to obtain approval from the Federal Cabinet for new notes during the … Read more

SBP reduces the main policy price by 100 bits per second to 12 %, as of January 28 – Trendy Blogger

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SBP purchases $ 3.8 billion in the foreign exchange market to boost reserves – Trendy Blogger

The State Bank in Pakistan (SBP) announced on Monday that it reduced the main policy price by 100 basis points to 12 percent, as of January 28, 2025. This represents the reduction of the sixth rate since June 2024, which leads to a decrease in the policy rate by 1,000 cumulative points from 22 percent. … Read more

SBP: US, China and UK remain top three destinations for Pakistani exports – Trendy Blogger

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SBP purchases $ 3.8 billion in the foreign exchange market to boost reserves – Trendy Blogger

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

The SBP Governor underscores commitment to expanding financial inclusion by strengthening global and local cooperation – Trendy Blogger

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The SBP Governor underscores commitment to expanding financial inclusion by strengthening global and local cooperation – Trendy Blogger

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 SBP sets a financial inclusion target of 75% under the National Strategy 2024-2028 – Trendy Blogger

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The SBP sets a financial inclusion target of 75% under the National Strategy 2024-2028 – Trendy Blogger

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

SBP pumps Rs 2.43 trillion into the market – Trendy Blogger

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SBP hosts the Sixteenth Sarkvonance Symposium on the challenges and central banking opportunities – Trendy Blogger

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

SBP clears Rs460 billion in latest open market operations – Trendy Blogger

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The SBP sets a financial inclusion target of 75% under the National Strategy 2024-2028 – Trendy Blogger

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

SBP doubles minimum capital requirement for exchange houses to Rs 1 billion – Trendy Blogger

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The SBP sets a financial inclusion target of 75% under the National Strategy 2024-2028 – Trendy Blogger

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