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Banks
SBP removes bar of half yearly reporting for banks other RIs
KARACHI : Oct 16: In a bid to ease reporting pressure for the banks , financial institutions, the State Bank of Pakistan (SBP) has discontinued submission of half yearly returns with immediate effect. The central bank in its notification…
Pakistan undertake much-needed structural reforms: SBP chief
KARACHI : Oct 13: Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, met key international investors during
events organized by global banks, including Barclays, JP Morgan, Standard Bank, and Jefferies on the
sidelines of the…
Dr Shamshad meets Moroccan Governor central bank
Morocco: 11th October, 2023. Federal Minister for Finance, Revenue, & Economic Affairs, Dr. Shamshad Akhtar, held a meeting with the Governor of the Central Bank of Morocco on Monday, as part of her official visit to Morocco in…
Bank deposits are perfectly safe, SBP
KARACHI : Oct 5 : The State Bank (SBP) on Thursday said certain sections of the media, on the basis of a statement given by Deputy Governor of SBP, Dr. Inayat Hussain , during the meeting of Senate Standing Committee on Finance and…
Digital transactions sustained its growth in FY 2023 : SBP
KARACHI: Sept 28: An annual payment systems review for the fiscal year 2022-23 is released today by the State Bank of
Pakistan (SBP). The review presents growth and trends in banking transactions accompanied by the
usage of payment…
Banks to remain closed on Sept 29
KARACHI: Sept 22 : The State Bank of Pakistan will remain closed on September 29, 2023 (Friday) being public holiday
on the occasion of Eid Milad-un-Nabi (12th Rabi-ul-Awal, 1445 A.H). The banks will also remain closed on September 29 to…
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…
