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Tag: SBP

State Bank of Pakistan reduces markup rate to 5 percent on refinance schemes for investment and introduces other enhancements

July 8, 2020 | General, Official News

Karachi, July 08, 2020 (PPI-OT): Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a reduction in the policy rate…

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State Bank of Pakistan extends the availability of Deferment of Principal Amount of Loans facility till September 2020

July 7, 2020 | General, Official News

Karachi, July 07, 2020 (PPI-OT): Considering the fact that COVID-19 pandemic is continuing to stress the cash flow of small and medium sized businesses and households, SBP has decided to extend the Deferment of Principal Amount facility up till 30th…

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State Bank of Pakistan enhances scope of refinance facility to support health facilities

July 6, 2020 | General, Official News

Karachi, July 06, 2020 (PPI-OT): On 17th March, 2020, SBP introduced a refinance scheme, titled Refinance Facility to Combat Covid-19 (RFCC), to support the hospitals and health sector for providing services to directly fight against Covid-19. Under this scheme, banks…

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State Bank of Pakistan extends Rozgar Scheme for Supporting Employment for another 3 months and widens its scope in collaboration with Government of Pakistan

June 30, 2020 | General, Official News

Karachi, June 30, 2020 (PPI-OT): Soon after the outbreak of Covid-19 pandemic, SBP took a number of steps to provide economic support to businesses and households. SBP reduced the financial cost to the private and public businesses and households by…

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Bank Holiday

June 29, 2020 | General, Official News

Karachi, June 29, 2020 (PPI-OT): The State Bank of Pakistan will remain closed for public dealing on Wednesday, July 1, 2020, which will be observed as “Bank Holiday” enabling the Bank to close its accounts. All employees of the Bank…

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Monetary Policy Statement

June 25, 2020 | General, Official News

Karachi, June 25, 2020 (PPI-OT): 1. At its meeting on 25th June 2020, the Monetary Policy Committee (MPC) decided to reduce the policy rate by 100 basis points to 7 percent. This decision reflected the MPC’s view that the inflation…

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Monetary Policy Statement

June 25, 2020 | General, Official News

Karachi, June 25, 2020 (PPI-OT): 1. At its meeting on 25th June 2020, the Monetary Policy Committee (MPC) decided to reduce the policy rate by 100 basis points to 7 percent. This decision reflected the MPC’s view that the inflation…

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State Bank of Pakistan calls meeting of Bank Presidents on Naya Pakistan Housing Program

June 17, 2020 | General, Official News

Karachi, June 17, 2020 (PPI-OT): Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks today for deliberations on the measures proposed by Naya Pakistan Housing and Development Authority (NAPHDA) and identify way forward to ensure…

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Financial Stability Review CY-19 suggests resilience of the banking sector to the COVID-19 pandemic

June 15, 2020 | General, Official News

Karachi, June 15, 2020 (PPI-OT): The State Bank of Pakistan (SBP) has issued its flagship annual publication, the Financial Stability Review (FSR) for CY19. The Review presents performance and risk assessment of various segments of the financial sector including banks,…

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Financial Stability Review CY-19 suggests resilience of the banking sector to the COVID-19 pandemic

June 15, 2020 | General, Official News

Karachi, June 15, 2020 (PPI-OT): The State Bank of Pakistan (SBP) has issued its flagship annual publication, the Financial Stability Review (FSR) for CY19. The Review presents performance and risk assessment of various segments of the financial sector including banks,…

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State Bank of Pakistan reiterates not to share personal details on fake calls

June 7, 2020 | General, Official News

Karachi, June 07, 2020 (PPI-OT): It has come to the knowledge of State Bank of Pakistan (SBP) that unscrupulous elements are making phone calls to individuals, impersonating as officials of SBP or other agencies, seeking personal information regarding their deposit…

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State Bank of Pakistan reiterates not to share personal details on fake calls

June 7, 2020 | General, Official News

Karachi, June 07, 2020 (PPI-OT): It has come to the knowledge of State Bank of Pakistan (SBP) that unscrupulous elements are making phone calls to individuals, impersonating as officials of SBP or other agencies, seeking personal information regarding their deposit…

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