Latest State Bank Of Pakistan Headlines and News updates

Pakistan's total liquid foreign reserves $ 16.37 billion

The total liquid foreign reserves of Pakistan recorded as US$ 16,371.5 million as of December 20, 2024 while the reserves held by the central bank stood at $ 11,853.5 million

State Bank injects over Rs575 billion into market

The State Bank of Pakistan (SBP) injected Rs575.8 billion in the market through Open Market Operation (OMO) reverse repo purchase on Thursday

Rupee gains 10 paisa against dollar

Pakistani rupee on Thursday appreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs 278.37 against the previous day’s closing of Rs278.47

SRBC not strategic, essential organization: reiterates Cabinet committee

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) here on Tuesday reiterated its decision to exclude the Shalimar Recording and Broadcasting Company Limited (SRBC) from the list of strategic or essential organizations, paving the way for its potential privatization or public-private partnership

Rupee gains 09 paisa against dollar

Pakistani rupee on Tuesday depreciated by 09 paisa against the US dollar in the interbank trading and closed at Rs 278.47 against the previous day’s closing of Rs 278.56

Khurram visits PSX; holds talks with PSX top management

Khurram Schehzad, Adviser to Finance Minister, was invited to the Pakistan Stock Exchange (PSX) by CEO, PSX, Farrukh Sabzwari, to discuss strategies for enhancing the depth and performance of the capital market

Banks to remain closed on 25th

The State Bank of Pakistan (SBP) has announced a bank holiday on December 25 (Wednesday) on the occasions of Quaid-e-Azam Day and Christmas

Govt announces public holiday on December 25 to celebrate Quaid-e-Azam Day

All banks, public departments and institutions will remain closed on December 25, 2024

Rupee sheds15 paisa against dollar

Pakistani rupee on Monday depreciated by 15 paisa against the US dollar in the interbank trading and closed at Rs 278.56 against the previous day’s closing of Rs 278.41

Banks to remain closed on Wednesday

The State Bank of Pakistan and all the banking and financial institutions will remain closed on Wednesday, December 25, 2024 on the occasion of Quaid-e-Azam Day and Christmas

Trust in digital payments growing as retail payments surge 8% in Q1FY25: SBP

The State Bank of Pakistan (SBP), Friday, informed that retail payments grew by 8% in Pakistan during the first quarter of fiscal year 2024-25 (Q1FY25) while payments through digital channels witnessed 9% quarterly growth

Trust in digital payments growing as retail payments surge 8% in Q1FY25: SBP

The State Bank of Pakistan (SBP), Thursday, informed that retail payments grew by 8% in Pakistan during the first quarter of fiscal year 2024-25 (Q1FY25) while payments through digital channels witnessed 9% quarterly growth

Rupee sheds 06 paisa against dollar

Pakistani rupee on Friday depreciated by 06 paisa against the US dollar in the interbank trading and closed at Rs 278.41against the previous day’s closing of Rs 278.35

SBP launches new version of eCIB System

The State Bank of Pakistan (SBP), Wednesday, announced the launch of the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB) system that will be in operation with advent of the new year

SBP to launch new eCIB system (V2) from January 1

The new Electronic Credit Information Bureau (eCIB) system (V2) will become operational from January 1, 2025, replacing the existing system, according to the notification issued by the Consumer Protection Department of the State Bank of Pakistan (SBP)

Rupee gains 05 paisa against dollar

Pakistani rupee on Wednesday appreciated by 05 paisa against the US dollar in the interbank trading and closed at Rs 278.22 against the previous day’s closing of Rs 278.27

State Bank injects Rs1202 billion into market

The State Bank of Pakistan (SBP), on Wednesday, injected Rs1,202.65 billion in the market through reverse repo purchase and Shariah Compliant Mudarabah based Open Market Operation (OMO)

33% decline in cotton produce, reforms suggested

Pakistan’s cotton produce witnessed a sharp decline, with figures from the Pakistan Cotton Ginners Association (PCGA) revealing a 33.11% drop in output as of December 15, 2024.A total product stands at 5,367,334 bales compared to 8,023,707 bales in 2023

Pakistani expatriates in Singapore briefed on benefits of Roshan Digital Account

The High Commission of Pakistan in Singapore on Wednesday held a webinar to apprise Pakistani expatriates in Singapore of the benefits of the Roshan Digital Account

For 4th consecutive month, Current Account shows $729 million surplus in Nov 24: SBP

The Pakistan’s external Current Account Balance remained in positive zone for the fourth consecutive month in November 2024 with a monthly surplus of $729 million while CAB for the first five months of the fiscal year 2024-25 recorded as $ 944 million

Prime Minister Muhammad Shehbaz Sharif applauds record current account surplus

Prime Minister Muhammad Shehbaz Sharif on Tuesday expressed satisfaction over achieving a record current account surplus in November

Iftikhar Ali welcomes 200 basis point reduction in SBP's policy rate

Former President of SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Tuesday welcomed 200 basis points reduction in monetary policy rate by the State Bank of Pakistan (SBP)

Rupee sheds 10 pasia against dollar

Pakistani rupee on Tuesday depreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs 278.27 against the previous day’s closing of Rs 278.17

SAARC Chamber of Commerce and Industry former president Iftikhar Ali Malik welcomes cut in policy rate

SAARC Chamber of Commerce and Industry former president Iftikhar Ali Malik Tuesday welcomed 200 basis points reduction in monetary policy rate by State Bank of Pakistan (SBP)