Wednesday, September 22, 2021

State Bank of Pakistan

Dr Baqir: SBP to make one million new merchants in 2020

Dr Reza Baqir, the governor of the State Bank of Pakistan (SBP) announced on Friday that the central bank plans to make one million new merchants in 2020. A micro-payment gateway is in making which would provide facilities to...

Central banks abandon rupee despite promises: Mian Zahid  

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Friday said that the central bank has left the...

State Bank renews status of VIS and PACRA as eligible external credit assessment institutions 

State Bank of Pakistan has renewed the status of both credit rating agencies operating in Pakistan namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited (PACRA)” as eligible / recognized External Credit Assessment Institutions...

IMF Reaches Staff-Level agreement on economic policies with Pakistan for Three-Year EFF, $ 6 billion package agreed

The Extended Fund Facility arrangement aims to support the authorities’ strategy for stronger and more inclusive growth by reducing domestic and external imbalances, removing impediments to growth, increasing transparency, and strengthening social spending. An ambitious structural reform agenda will supplement...

SBP: MPC increases policy rate by 50 bps to 10.75 percent

Economic data released since the last Monetary Policy Committee (MPC) meeting in January 2019 indicates that the impact of stabilization measures continues to unfold. In particular, the current account deficit recorded a sizeable contraction during the first two months...

State Bank concludes awareness campaign on SME finance in Sialkot, Gujranwala and Gujrat

State Bank of Pakistan has completed its four-day SME finance awareness campaign in Sialkot, Gujranwala and Gujrat from March 13 to March 16, 2019 wherein meetings and interactions were held with over 2,000 representatives of various SME clusters. Over 300...

State Bank updates FE and EC manuals

State Bank of Pakistan has updated foreign exchange and exchange companies’ manuals to facilitate stakeholders including banks, exchange companies, B-category exchange companies, exporters, importers, travel agents and carriers. Updation of the manuals is done to provide related rules/regulations at one...

Pakistan’s foreign exchange reserves up by $ 21.2 million to $14.81 billion

Pakistan’s total foreign exchange reserves surged by $21.2 million to $14.815 billion during a week, State Bank of Pakistan said on Thursday. The official reserves of the SBP declined by $6.2 million to $8.036 billion as compared with $8.043 billion...

Chinese investment in Pakistan jumps 45.26% in first half of FY19

Foreign Direct Investment (FDI) from China in Pakistan increased by 45.26 percent to US$1,104.2 million in first half (July-December) of current fiscal year against the investment of $760 million recorded during same period of last year. According to latest data...

SBP acquires land for regional headquarter in Gwadar to facilitate locals

A delegation of Gwadar chamber of commerce comprising President Haji Ghulam Baloch, Vice President Jam Khalid along with Ex-Minister Mir Naveed Baloch & Representative of Real Estate Faizan Shah meet Governor State Bank Tariq Bajwa during the annual board...
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India criticizes UK’s rejection of Indian vaccine certificates

India criticized the British government's decision not to recognize certificates of vaccination against the emerging coronavirus issued by the...
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