A visual representation of the Bitcoin digital cryptocurrency. – AFP / File Islamabad: The Pakistan State Bank (SBP) expressed clarification on cryptocurrencies “deemed illegal” in Pakistan, claiming that its 2018 opinion has not declared illegal virtual assets (EVA), but has only warned its regulated entities of their dealing due to “the absence of legal and … Read more
A supplier feeds sacrificial animals in a cattle market in front of the ULD AID in Karachi on June 7, 2024. – INP Karachi: Pakistan State Bank launched the national “Go Cashless” campaign on Monday to promote digital payments in order to reduce dependence on cash during cattle purchases at EID UL ADHA. This strategic … Read more
The Pakistan State Bank building in Karachi. – SBP website / file SBP receives $ 1.023 billion as part of the IMF GA program. IMF funds to be shown in the reserves of May 16, explains SBP. The disbursement follows the head of May 9 of the Board of Directors. The State Bank of Pakistan … Read more
The image shows the State Bank of Pakistan in Karachi. – SBP / Website Jhang: The elderly, whose retirees and local businessmen, called on Friday the authorities to take note of the installation of a new automatic window at the location of the regional office, allegedly to facilitate office staff instead of serving the bank’s … Read more
In this image, the Pakistan State Bank building in Karachi can be seen. – SBP / Website The Pakistan State Bank (SBP) lowered the key interest rate of 100 basic points (BPS), which reduces it to 11%, the change taking effect from May 6, 2025. Explaining this decision, the Monetary Policy Committee said: “Inflation has … Read more
The Pakistan State Bank logo is represented on a reception at the head office of the bank in Karachi. – Reutrs / File Some expect a reduction of 50 basic points (BPS) in the policy rate. Analysts warn against potential recession, inflation due to prices. The Tresmark survey shows that 68% of traders do not … Read more
A logo of the State Bank of Pakistan (SBP) is represented on a reception at the headquarters of Karachi, Pakistan, July 16, 2019. – Reuters SBP projects the balance of the Fy25 current account between -0.5%, 0.5% of GDP. Strong momentum in the shipments of workers’ funds, exports expected via financial year 25. Performances of … Read more
The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad. – x / @ statebank_pak The Governor of the SBP awaits a global positive impact despite the American prices. Said that the impact of American prices is “content” on the economy of Pakistan. Reserves are expected to reach $ 14 billion by June, said … Read more
Currency notes of RS10, RS20, RS50, RS100, RS500 and RS1 000. – AFP / File Pakistan State Bank (SBP) said on Tuesday that it had so far issued 27 billion currency tickets costs of all denominations to 17,000 branches of commercial banks for distribution to the general public, taking into account the practice. The SBP … Read more
A brass plate from the State Bank of Pakistan is seen outside of its wall in Karachi, Pakistan, December 5, 2018 – Reuters Rate reductions may not achieve growth goals, says Economist. Budget austerity measures pose challenges to relaunch demand. The rate reductions can resume this exercise later, at the beginning of next year. With … Read more
A logo of the State Bank of Pakistan (SBP) is represented on a reception at the headquarters of Karachi, Pakistan, July 16, 2019. – Reuters MPC meets to assess economic prospects in the midst of inflationary risks. Said that basic inflation is more persistent at a high level. Add pressure on the external account emerged … Read more
A logo of the State Bank of Pakistan (SBP) is represented on a reception at the headquarters of Karachi, Pakistan, July 16, 2019. – Reuters Key rate currently at 12%, inflation at almost the low decade. The IMF is examining the first slice of $ 7 billion in bailout. Most analysts believe that the softening … Read more