SBP & PM’s Youth Programme deliberated to enhance youth Business Loan Scheme
State Bank of Pakistan, Chairman of the Prime Minister’s Youth Programme, Rana Mashhood Ahmed Khan, Banks and other Microfinancing Institutes (MFIs), discussions centered around fortifying the framework of the Tier 1 of Prime Minister’s Youth Business Loan Scheme.
Mehfooz
State Bank declared three days holidays for banks
The State Bank of Pakistan will remain closed from 10th to 12th April, 2024 (Wednesday to Friday)
being public holidays on the occasion of Eid-ul-Fitr.
Editor
SBP keep policy rate at 22 percent
State Bank of Pakistan (SBP), cautiously decided to keep policy rate at 22 percent on pretext of elevated inflation expectations that required continuity of the current monetary stance to bring inflation down.
Adil Aziz
Banks to closed for public dealing on 1st Ramazan: SBP
The State Bank of Pakistan will remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1445
A.H., which shall be observed as ‘Bank Holiday’ for the purpose of deduction of Zakat.
Governor SBP inaugurates SAARCFINANCE Seminar on Transformative Potential of Big Data
in Economic Policy
Governor State Bank of Pakistan (SBP) Mr. Jameel Ahmad delivered the inaugural speech at the SAARCFINANCE Seminar on the ‘Potential Role of Big Data in Economic Policy.’ The event, held in Islamabad, brought together distinguished delegates, subject matter experts, and esteemed speakers from the SAARC region to discuss the impact and implications of Big Data in shaping economic policies.
Governor SBP inaugurates 1st edition of Pakistan Financial Literacy Week
Governor State Bank of Pakistan (SBP) Jameel Ahmad, said that SBP fully recognizes access to financial services a fundamental right, and SBP’s mission is to empower every citizen by providing them with the tools and knowledge needed to participate fully in the economy.
Pakistan regional exports to seven countries increase by 21%
Pakistan’s exports to the seven regional countries witnessed an increase of 21.68 per cent in the first seven months of the financial year 2023-24.
SBP revokes three exchange companies’ licenses
State Bank of Pakistan (SBP) revoked the foreign exchange licenses of M/s AA Exchange Company (Pvt.) Limited, M/s Glaxy Exchange Company (Pvt.) Limited and M/s Al-Hameed International Money Exchange (Pvt.) Limited.
Workers’ remittances recorded an inflow of US$2.4 billion during Jan 24
Workers’ remittances recorded an inflow of US$2.4 billion during Jan 24.
Macroeconomic stabilization leads to improvement in economic activities: Report
The country’s economy experienced a notable stabilization during the first half of the current fiscal year 2023-24, owing to implementation of effective measures and prudent policies by the interim government that played a pivotal role in achieving this milestone.