Tag Archives: SBP

State Bank of Pakistan implements Regulatory Approval System for ease of doing business

Karachi, March 27, 2020 (PPI-OT): SBP has launched a Regulatory Approval System (RAS) for submission of cases related to foreign exchange policy and operations dealt by its Exchange Policy Department (EPD), SBP and Foreign Exchange Operations Department (FEOD), SBP‐BSC respectively.

Relaxation in Foreign Exchange Regulations to Facilitate Imports Against Advance Payment and Open Account Amid COVID-19 Pandemic

Karachi, March 25, 2020 (PPI-OT): SBP has allowed all federal and provincial government departments, hospitals in public and private sectors, charitable organizations, manufacturers and commercial importers to make Import Advance Payment and Import on Open Account, without any limit, for

Announcement of Monetary Policy Statement

Karachi, March 10, 2020 (PPI-OT): The Monetary Policy Committee of SBP will meet on Tuesday, March 17, 2020 at SBP Karachi to decide about Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through a press release on

Pakistan’s Liquid Foreign Reserves Position

Karachi, February 27, 2020 (PPI-OT): State Bank of Pakistan (SBP) has said that the total liquid foreign reserves held by the country stood at US$ 18,742.8 million on 21-February-2020. The break-up of the foreign reserves position is as under:-

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State Bank Announces Measures to Facilitate Export-Oriented Sectors and Manufacturing Concerns

Karachi, January 28, 2020 (PPI-OT):State Bank of Pakistan (SBP) has extended the scope of Long Term Financing Facility (LTFF) to cover all permissible export oriented sectors. This step is aimed at setting up of diverse export oriented projects in Pakistan

Monetary Policy Statement

Karachi, September 16, 2019 (PPI-OT): 1. At its meeting on 16th September 2019, the Monetary Policy Committee (MPC) decided to leave the policy rate unchanged at 13.25 percent. The decision reflected the MPC’s view that inflation outcomes have been largely

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