Tag Archives: SBP

State Bank holds SAARCFINANCE Seminar on Internal Audit

Karachi, March 30, 2019 (PPI-OT): State Bank of Pakistan hosted a seminar on ‘Internal Audit: Emerging Challenges and Effective Practices in Central Banks’ under the aegis of SAARCFINANCE Forum at National Institute of Banking and Finance, Islamabad during 27-29 March

State Bank updates foreign exchange and exchange companies manuals

Karachi, March 15, 2019 (PPI-OT): State Bank of Pakistan has updated foreign exchange and exchange companies manuals to facilitate stakeholders including banks, exchange companies, B-category exchange companies, exporters, importers, travel agents and carriers. Updation of the manuals is done to

Pakistan’s Liquid Foreign Reserves Position

Karachi, February 28, 2019 (PPI-OT): The total liquid foreign reserves held by the country stood at US$14,815.8 million on 22 February 2019. The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank …

Clarification by State Bank of Pakistan

Karachi, February 22, 2019 (PPI-OT): This is with reference to the story entitled ‘Pakistan has come out of financial crisis: SBP governor’ published on 19th February, 2019 and the editorial entitled ‘SBP governor’s remarks’ published on 20th February, 2019 in

State Bank of Pakistan launches cheaper liquidity facilities for the development of SME, Agriculture and Renewable energy through Islamic Banking Institutions

Karachi, February 22, 2019 (PPI-OT): State Bank of Pakistan has issued three Shariah Compliant Refinance Schemes that are expected to provide level playing field to the Islamic banking industry. Currently, SBP offers various subsidized refinance facilities to the banks /

Pakistan’s Liquid Foreign Reserves Position

Karachi, February 21, 2019 (PPI-OT): The total liquid foreign reserves held by the country stood at US$14,794.6 million on 15 February 2019. The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank …

Deposit Protection Corporation becomes a member of International Association of Deposit Insurers

Karachi, February 15, 2019 (PPI-OT): The Secretariat of International Association of Deposit Insurers (IADI) announced on February 11, 2019 that its Executive Council has decided to admit Deposit Protection Corporation (DPC), State Bank of Pakistan as IADI Member. DPC is

Pakistan’s Liquid Foreign Reserves Position

Karachi, February 14, 2019 (PPI-OT): The total liquid foreign reserves held by the country stood at US$14,895.8 million on 08 February 2019. The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank …

Overseas Pakistanis remit US $12.77 billion in the first seven months of FY19

Karachi, February 11, 2019 (PPI-OT): Overseas Pakistani workers remitted US$ 12774.02 million in the first seven months of FY19 as compared with US$11383.47 million received during the same period in the preceding year.

During January 2019, the inflow of workers’ …

Harnessing technology platforms is the way forward for enhancing agricultural productivity: Governor State Bank of Pakistan

Karachi, February 09, 2019 (PPI-OT): “I would urge the stakeholders including banks, federal and provincial governments to harness technology platforms for enhancing agricultural productivity”, said Tariq Bajwa, Governor State Bank of Pakistan while presiding the mid-term review meeting of Agricultural