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
SBP Governor Jameel Ahmad addresses a press conference in this undated photo. — AFP/File Ahmed says the country’s actual external debt stands at over $100.08 billion. “Controlling external accounts to pave the way for economic growth.” The SBP governor expects remittances to exceed $35 billion this year. KARACHI: State Bank of Pakistan (SBP) Governor Jameel … Read more
A person pays with their cellphone with the instant electronic payment method at a store on April 1, 2024. — Reuters The share of digital payments in Q4FY24 increased to 27%. Retail transactions witness an 8% increase in volume in Q1FY25. 251 million (13%) transactions processed via OTC channels. KARACHI: Amid the government’s relentless efforts … Read more
An active broker under surveillance at the PSX on November 28, 2024. — INP The capital market extended its upward trajectory on Tuesday, exceeding the 117,000 point mark for the first time. Investor optimism remained strong, supported by the State Bank of Pakistan’s (SBP) policy rate cut yesterday, improving macroeconomic indicators and expectations of a … Read more
Jameel Ahmad, Governor of the State Bank of Pakistan. — X/@StateBank_Pak Ahmed says risk factors have persisted despite the decline in headline inflation. The addition of a future rise in inflation would not be a cause for concern. “It will take 4 to 6 quarters to see the full impact of the key rate changes.” … Read more
A logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at its headquarters in Karachi, Pakistan, July 16, 2019. — Reuters SBP cuts policy rate to 13% in today’s meeting. The consumer price index for November stood at 4.9%. This brings total cuts to 900 basis points since June. and … Read more