Opening of Branches for Extended Hours to facilitate the collection of Government Duties / Taxes on September 30, 2020

Karachi, September 29, 2020 (PPI-OT): All branches of the banks will observe extended banking hours till 8:00 P.M. on September 30, 2020 (Wednesday) to facilitate the collection of Government duties / taxes through their Over-the-Counter (OTC) facility.
Further, it has been decided that NIFT will arrange a special clearing at 5:00 P.M. on September 30, 2020 (Wednesday) to ensure the same day clearing and settlement oRead More…

Pakistan’s Liquid Foreign Reserves Position

Karachi, September 24, 2020 (PPI-OT): State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at US$19,903.7 million on 18-September-2020. The break-up of the foreign reserves position is as under:
i) Foreign reserves held by the State Bank of Pakistan: US$12,701.6 million
ii) Net foreign reserves held by commercial banks: US$7,202.1 million
iii) Total liquid foreigRead More…

State Bank of Pakistan Eases Cash Margin Restriction on Imports

Karachi, September 24, 2020 (PPI-OT): The State Bank of Pakistan (SBP) has eased 100 percent cash margin requirement on the import of certain raw materials to support manufacturing and industrial sectors and further enhance their capacity to contribute towards the recovery of the economy in post COVID-19 era. The cash margin condition was initially imposed in 2017 on 404 HS Codes and later in 2018 on a further 131 itRead More…

Monetary Policy Statement

Karachi, September 21, 2020 (PPI-OT): 1. At its meeting on 21st September 2020, the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 7 percent. The MPC noted that compared to the time of the last meeting in June 2020, business confidence and the outlook for growth have improved. This reflects the decline in Covid-19 cases in Pakistan and the easing of lockdowns, as well as the timely stimuRead More…

(National): SBP shares initiatives to connect Non-Resident Pakistanis financially with homeland

Karachi:The Governor State Bank of Pakistan, Dr. Reza Baqir, said that the State Bank of Pakistan (SBP) is fully committed to facilitating overseas Pakistanis to remain financially connected with their homeland. He was speaking to Overseas Pakistanis in a webinar organized by the Pakistan Embassy in Washington D.C. Welcoming the Governor, the Ambassador of Pakistan to the U.S., Dr. Asad M. Khan, highlighted that tRead More…

Pakistan’s Liquid Foreign Reserves Position

Karachi, September 17, 2020 (PPI-OT): State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at US$19,959.0 million on 11-September-2020. The break-up of the foreign reserves position is as under:
i) Foreign reserves held by the State Bank of Pakistan: US$12,820.4 million
ii) Net foreign reserves held by commercial banks: US$7,138.6 million
iii) Total liquid foreigRead More…

with their homeland in a Webinar organized by Pakistan Embassy in USA Governor State Bank of Pakistan shares initiatives of SBP to connect Non-Resident Pakistanis financially

Karachi, September 17, 2020 (PPI-OT): The Governor State Bank of Pakistan, Dr. Reza Baqir, said that the State Bank of Pakistan (SBP) is fully committed to facilitating overseas Pakistanis to remain financially connected with their homeland. He was speaking to Overseas Pakistanis in a webinar organized by the Pakistan Embassy in Washington D.C.
Welcoming the Governor, the Ambassador of Pakistan to the U.S., Dr. Asad Read More…

Monetary Policy Announcement

Karachi, September 16, 2020 (PPI-OT): The Monetary Policy Committee of SBP will meet on Monday, September 21, 2020 at SBP Karachi to decide about Monetary Policy. Governor State Bank of Pakistan, Dr. Reza Baqir, will give a press conference on the same day after the MPC meeting.
For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
TelRead More…

Monetary Policy Announcement

Karachi, September 16, 2020 (PPI-OT): The Monetary Policy Committee of SBP will meet on Monday, September 21, 2020 at SBP Karachi to decide about Monetary Policy. Governor State Bank of Pakistan, Dr. Reza Baqir, will give a press conference on the same day after the MPC meeting.
For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
TelRead More…