KCCI Calls for SBP to Align Monetary Policy Rate with Regional Benchmarks
President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani, has emphasized the pressing need for the State Bank of Pakistan (SBP) to align the nation’s key monetary policy rate with regional benchmarks to support economic growth and ease the burden on businesses.
Adil Aziz
Pakistan’s Foreign Reserves surge to $16.45 Billion
According to a report by the State Bank of Pakistan (SBP) on January 10, 2025, the country’s total liquid foreign reserves totaled US$ 16,450.9 million.
Editor
SBP Governor urges enhanced Financial Inclusion with all stakeholders
Governor, State Bank of Pakistan, Jameel Ahmad, reaffirmed the central bank’s dedication to increasing financial inclusion through strengthened collaborations with both global and domestic stakeholders.
Pakistan’s liquid foreign reserves reach $16.41 billion: State Bank
The total liquid foreign reserves of Pakistan stood at US$ 16,408.7 million as of December 27, 2024 while the reserves held by the central bank were recorded as $ 11,710.5 million.
SBP, banks to remain closed for public dealing on 1 January
The State Bank of Pakistan (SBP), all banks and financial institutions will observe Bank Holiday on Wednesday and remain closed for public dealing.
Mehfooz
Banks remain closed on Wednesday on the occasion of Quaid-e-Azam
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. The State Bank of Pakistan will observe a public holiday on Wednesday, December 25, 2024, in celebration of Quaid-e-Azam Day and Christmas. This holiday has been declared…
SBP launches new version of eCIB System
The State Bank of Pakistan (SBP), 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.
State Bank of Pakistan cuts interest rate by 2% to 13%
The central bank of Pakistan has reduced its key policy rate by 200 basis points, bringing it down to 13%. This marks the fifth consecutive rate cut since June, driven by ongoing efforts to stimulate the economy amid easing inflation.
Domestic Deposits in Pakistan’s Scheduled Banks Surpass the PKR 31 Trillion Benchmark: SBP Report
The Deposit Protection Corporation (DPC) announces the release of its fourth Annual Report for the fiscal year ended June 2024. The report has been issued with the objective of providing complete disclosure of the Corporation’s financial performance, operating activities, and achievements. DPC was established under the Deposit Protection Corporation Act, 2016 and operates as a…
Worker Remittances to Pakistan Surge 33.6%, Hitting $14.8 Billion in Just Five Months
The workers’ remittances increased by 33.6 percent during the first five months of the current fiscal year as compared to the corresponding period of last year, according to latest data of State Bank of Pakistan. The remittances reached to US$ 14.8 billion during July-November 2024-25 as against the remittances of US$ 11.1 billion received during…