SBP : AsiaNet-Pakistan

Tag: SBP

Workers’ Remittances

December 10, 2019 | General, Official News

Karachi, December 10, 2019 (PPI-OT): Overseas Pakistani workers remitted US$ 9,298.57 million in the first five months (July to November) of FY20, compared with US$ 9,281.94 million received during the same period in the preceding year.

During November 2019, the …

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Governor State Bank of Pakistan welcomes Change in Moody’s Outlook and Recent Market Developments

December 3, 2019 | General, Official News

Karachi, December 03, 2019 (PPI-OT): Governor SBP, Dr. Reza Baqir, welcomed Moody’s change in outlook on Pakistan from negative to stable. He noted that this positive development reflects the recognition of tough decisions taken by the economic policymakers over recent …

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State Bank further facilitates freelancers and pensioners

November 27, 2019 | General, Official News

Karachi, November 27, 2019 (PPI-OT): In order to broaden the scope of business to customer transactions through home remittance channel, the State Bank of Pakistan has enhanced payment limits against freelance services from US$ 1500 per individual per month to …

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Governor State Bank of Pakistan shares developments in financial inclusion and roadmap with special focus on gender mainstreaming with Queen Maxima, UNSGSA

November 26, 2019 | General, Official News

Karachi, November 26, 2019 (PPI-OT): Her Majesty (HM) Queen Maxima of the Netherlands in her role as the UN Secretary General’s Special Advocate for Inclusive Finance for Development (UNSGSA) called on Dr. Reza Baqir, Governor State Bank of Pakistan at …

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Monetary Policy Statement

November 22, 2019 | Misc., Official News

Karachi, November 22, 2019 (PPI-OT): At its meeting on 22nd November 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 recent developments have had offsetting implications …

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Pakistan’s Liquid Foreign Reserves Position

November 21, 2019 | General, Official News

Karachi, November 21, 2019 (PPI-OT): State Bank of Pakistan (SBP) Thursday said the total liquid foreign reserves held by the country stood at US$15,462.3 million on 15-November-2019. The break-up of the foreign reserves position is as under:-

i) Foreign reserves …

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Governor State Bank of Pakistan encourages stakeholders to strengthen the quantity and quality of credit to Pakistan’s agriculture sector

November 19, 2019 | General, Official News

Karachi, November 19, 2019 (PPI-OT): Governor State Bank of Pakistan, Dr. Reza Baqir, appreciated the banks for their efforts in increasing the bank credit to the agriculture sector, which reached its historical high by end of FY19. ‘It is for …

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Monetary Policy Announcement

November 18, 2019 | General, Official News

Karachi, November 18, 2019 (PPI-OT): The Monetary Policy Committee of SBP will meet on Friday, November 22, 2019 at SBP Karachi to decide about Monetary Policy. Later on, SBP will issue the Monetary Policy Statement through a press release on …

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Workers’ Remittances

November 12, 2019 | General, Official News

Karachi, November 12, 2019 (PPI-OT): Overseas Pakistani workers remitted US$ 7478.90 million in the first four months (July to October) of FY20, compared with US$ 7617.89 million received during the same period in the preceding year.

During October 2019, the …

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Governor State Bank of Pakistan unveils commemorative coin at 550th birth anniversary of Baba Guru Nanak Sahib

November 12, 2019 | General, Official News

Karachi, November 12, 2019 (PPI-OT): Governor SBP Dr. Reza Baqir unveiled the commemorative coin of Rs.550 to mark the 550th birth anniversary of Baba Guru Nanak at State Bank of Pakistan. A delegation of Sikh Community led by Sardar Ramesh …

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State Bank of Pakistan launches National Payment Systems Strategy during visit of World Bank’s President

November 1, 2019 | General, Official News

Karachi, November 01, 2019 (PPI-OT): Dr. Reza Baqir, Governor, State Bank of Pakistan launched the National Payment Systems Strategy (NPSS) in an event held today at its headquarters in Karachi. President of the World Bank, Mr. David Robert Malpass was …

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State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing

October 31, 2019 | General, Official News

Karachi, October 31, 2019 (PPI-OT): As a major move towards addressing the challenge of access to finance to farming community, State Bank of Pakistan has amended its Prudential Regulations of Agriculture Financing, SME Financing, and Corporate and Commercial Banking by …

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