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Banks
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).…
SBP notifies holidays for banks on Eidul Azha
KARACHI: June 21, 2023: The State Bank of Pakistan (SBP) will remain closed on June 29 - 30, 2023 (Thursday & Friday) being public holidays on the occasion of Eid-ul-Azha.
The government has already announced two public holidays for…
SBP asks banks to support agriculture sector to recover from devastation of flood
KARACHI: December 22, 2022: Governor State Bank of Pakistan (SBP), Mr. Jameel Ahmad, while chairing the annual meeting of Agricultural Credit Advisory Committee (ACAC) in Hyderabad referred to the devastation caused by
recent floods and…
Pakistan has made impressive strides in reducing poverty: IFC & World Bank
“It is clear that Pakistan's high dependency on consumption rather than investment and exports is a major cause of its boom-busts cycle of the economy,” said Nadeem A. Siddiqui, IFC Senior Country Manager for Pakistan.
