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
Billage of the state of Pakistan in Karachi. – App / file Inflation fell to 2.4% in January, a hollow of 111 months. Ahl considers a cup of 50 bps as “a logical step” for the next MPC meeting. Seventy percent of market players anticipate a drop in rates. Karachi: The Pakistan State Bank (SBP) … Read more
Construction of the State Bank of Pakistan in this undated image. – AFP / File Banks asked to rethink the models, prioritize financial intermediation. The Governor of SBP, Ahmad, calls for an increase in credit in the private sector. Aims to stimulate financial inclusion, to reduce the gap between the sexes by 2028. Karachi: The … Read more
Battery of us, a hundred dollars tickets are visible in this image illustration. – Reuters Foreign foreign reserves in the country in the country are $ 15.95 billion. Trade banks’ dollars reserves amounted to $ 4.75 billion. Refunds of external debt exert pressure on Forex’s reserves. The exchange reserves, owned by the State Bank of … Read more
The Governor of the State Bank of Pakistan Jameel Ahmad at the press conference in SBP, July 29, 2024. – App Interest rate at the lowest in three years, more possible reductions. Solid reserves providing a base to stabilize the local currency. The Governor of the SBP cites a current account surplus for the flexibility … Read more
The Governor of SBP, Jameel Ahmed, is addressed to the media on January 27, 2025. – Screengrab via Geo News The central bank has reduced interest rates since June 2024. Inflation should go further in January before going up. Pakistan economy increased by 0.92% in the first quarter of the fiscal year. The Pakistan State … Read more
A currency dealer counts US dollars at a store in Karachi. — AFP/File Deposits placed with the SBP matured in January 2025. Prime Minister Shehbaz confirmed the postponement during Tuesday’s meeting. Foreign exchange reserves amount to $16,450.9 million. The United Arab Emirates (UAE) has confirmed the refinancing of its two deposits of $1 billion each, … Read more
State Bank of Pakistan Governor Jameel Ahmad speaking at an event organized by the Federation of Pakistan Chambers of Commerce and Industry in Karachi on January 9, 2025. — Screenshot/GeoNews The head of the SBP expresses his hope for greater stability in the economy. Jameel says SBP is dedicated to achieving its inflation targets. He … Read more