Tag Archives: SBP

[ad_1] ISLAMABAD: Riyadh and Islamabad have reached an agreement to surge the Saudi deposits in the State Bank of Pakistan (SBP) by $2 billion – increasing them from $3 billion to $5 billion. Saudi Arabia Holding Company CEO Mohammad AlQahtani in a social media post shared that following the visit …

[ad_1] All the banks and financial institutions will remain closed from April 10 to 12 in connection with the Eid ul Fitr. In a statement, the State Bank of Pakistan (SBP) announced that the central bank will “remain closed from 10th to 12th April, 2024 (Wednesday to Friday) being public …

[ad_1] KARACHI: Pakistan’s real interest rate – the current interest rate minus the inflation reading – has entered positive territory on a spot basis after a gap of 37 months on Monday, increasing the probability that the central bank will make the first cut in its policy rate in the …

[ad_1] KARACHI: The State Bank of Pakistan (SBP) left its key policy rate unchanged on Monday at a record high of 22% for the fifth consecutive time in the past nine months, taking a cautious approach against a likely uptick in inflation readings amid the ongoing talks with the International …

[ad_1] KARACHI: Pakistan’s central bank is scheduled to meet on Monday to determine the benchmark interest rate for the next six weeks. It will be a highly tricky meeting with almost half of the financial experts and key investors betting on the bank cutting the rate, while the remaining half …

[ad_1] ISLAMABAD: The State Bank of Pakistan (SBP) denied reports, circulating on social media and news channels, that it was issuing a new series of polymer currency notes.  In a statement on Saturday, the central bank refuted the reports as ‘unfounded and lacking merit’. According to the SBP, there are currently …

[ad_1] KARACHI: The stabilising Pakistani currency on Friday slightly depreciated to Rs279.19 against the US dollar in the inter-bank market, coming down from over four-month high in the wake of a decline in the central bank’s foreign currency reserves below $8 billion. According to State Bank of Pakistan’s (SBP) data, …

[ad_1] ISLAMABAD: China has agreed to rollover a $2 billion debt on existing terms after initially seeking a hike in price, as Pakistan’s policy to maintain foreign exchange reserves through deposits by three countries is becoming costly due to a 118% surge in interest cost. The Ministry of Finance officials …

[ad_1] PSX ‘switched off’ trading terminals of one brokerage house for violating NCB rules. PHOTO: FILE KARACHI: Pakistan Stock Exchange (PSX) surged nearly 3,000 points in the outgoing week in a rally spurred by an agreement among major political parties to form a coalition government, which largely addressed the political …

[ad_1] PHOTO: REUTERS/FILE KARACHI: The Pakistani currency resumed its uptrend after a day of nominal losses, partially regaining to Rs279.50 against the US dollar in the interbank market on Wednesday amid the beginning of the end of the political crisis over the formation of the government in the centre. According …