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SBP refutes reports of emergency MPC meeting
KARACHI: September 1: The State Bank of Pakistan (SBP) on Friday refuted some media reports saying the reports of holding an emergency meeting of the MPC are baseless. The reports making rounds in media about holding of an emergency meeting…
Faysal Bank announces strong financial results for first half of ,2023
Islamabad: August 24, 2023: Faysal Bank Limited, one of the prominent Islamic banks in Pakistan, has shown stellar performance in the first half of the year, reflecting its robust business fundamentals as well as prudent risk…
SBP issues Rs 75 commratative coin to mark 75 years of Pak-US relations
KARACHI: August 25, 2023: The State Bank of Pakistan (SBP) issued a commemorative coin of 75 rupees during a ceremony held in
Islamabad on Thursday to mark the 75th anniversary of the establishment of diplomatic relations
between Pakistan…
SBP keeps policy rate unchanged at 22 % to benefit “East India Company”
KARACHI: July 31: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday decided to keep the policy rate
unchanged at 22 percent.
The committee vehemently ignored call of Pakistan's traders and…
SBP sets to announce new monetary policy on Monday
KARACHI: July 27, 2023: The State Bank of Pakistan on Thursday said it is going to announce the new monetary policy on July 31. SBP had maintained the current rate of interest of 21 % in its last announcement. Since SBP will be cautious of…
SBP permits exchange firms to import USD through cargo/ security companies
KARACHI : July 25,2023: A State Bank of Pakistan (SBP) notification issued on Tuesday said "Attention of Exchange Companies is invited towards the instructions contained in Chapter 5 of Exchange Companies Manual (ECM), in terms of which…
FBL appoints Mian Younis as chairman board of directors
Islamabad; July 17,2023 - Mian Mohammad Younis has been appointed as the Chairman of the Board of Directors Faysal Bank Limited, in its board meeting held on July 17, 2023.
With the professional career spanning over four decades in…
SBP claims Pakistan ‘s banking,non-banking sectors stand firm amid economic slowdown
KARACHI: July 7,2023: The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review
(FSR) for CY22. The Review is being published in terms of requirements prescribed in Section 39(3) of
the…
SBP reserves go up by $ 533 million
KARACHI : July 3,2023: With deposits by the Forex companies , the reserves of State Bank of Pakistan (SBP) have gone up by $ 533 million on Monday.
With addition of $ 533 ,SBP reserves increased to $ 4,069.9 and it took Pakistan's net…
Faysal Bank collaborates with PICG for ESG
Islamabad June 21,2023: Faysal Bank, one of the leading Islamic banks of Pakistan collaborates with the Pakistan Institute of Corporate Governance (PICG) to reinforce that they care for the environmental, social, and governance (ESG).…
