State Bank of Pakistan and Unilever Pakistan join hands to promote Renewable Energy

Karachi, May 04, 2021 (PPI-OT): Governor State Bank of Pakistan (SBP) Dr Reza Baqir has said that financing for sustainable development is the need of the hour and Financial Institutions have a crucial role in this area. He was addressing a webinar jointly hosted by SBP and Unilever Pakistan to create awareness about the SBP’s Renewable Energy Financing Scheme which has been used by Unilever to convert 30% of its fRead More…

Public Holidays

Karachi, May 04, 2021 (PPI-OT): The State Bank of Pakistan will remain closed from 10th to 15th May, 2021 (Monday to Saturday) on the occasion of Eid-ul-Fitr.
For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: chief.spokesperson@sbp.org.pk
WebsRead More…

Momentum for growth in housing and construction finance is building: SBP and PBA – Press Note issued by State Bank of Pakistan

Karachi, April 27, 2021 (PPI-OT):Keeping in view the need to improve housing in the country and the important role of construction sector in boosting economic activities in the countries, the Government of Pakistan envisions to increase the number of housing units manifold in coming years and has taken several measures in this regard. A key element to ensure sustainable increase in the construction of building activiRead More…

State Bank of Pakistan reserves decreases by US$ 63 million in a week

Karachi, April 22, 2021 (PPI-OT): State Bank of Pakistan on Thursday announced that the total liquid foreign reserves held by the country stood at US$ 23,212.8 million on 16-April-2021.
The break-up of the foreign reserves position is as under: Foreign reserves held by the State Bank of Pakistan: US$ 16,043.9 million; Net foreign reserves held by commercial banks US$ 7,168.9 million, and total liquid foreign reservesRead More…

SBP-SECP Revised the Terms of Reference of their Joint Task Force

Karachi, April 22, 2021 (PPI-OT): The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) have amended the Terms of Reference (ToRs) of their Joint Task Force (JTF) on Financial Conglomerates to further strengthen the supervisory cooperation, inter alia, in AML/CFT/CPF supervision at financial- group level. Dr, Reza Baqir, Governor, SBP and Mr. Aamir Khan, Chairman, SECP have siRead More…

State Bank of Pakistan reserves increases by US$2,579 million

Karachi, April 15, 2021 (PPI-OT): State Bank of Pakistan on Thursday announced that the total liquid foreign reserves held by the country stood at US$23,220.3 million on 09 April 2021. The break-up of the foreign reserves position is as under:
Foreign reserves held by the State Bank of Pakistan: US$16,106.4 million and net foreign reserves held by commercial banks reached US$ 7,113.9 million, thus total liquid foreigRead More…

Workers’ Remittances in March 2021

Karachi, April 12, 2021 (PPI-OT): Workers’ remittances extended their unprecedented streak of above $2 billion for the 10th consecutive month in March.
Remittances rose to $2.7 billion in March 2021, 20 percent higher than last month and 43 percent higher than March 2020.
Cumulatively during July-Mar FY 21, remittances have risen to $21.5 billion, up by 26 percent over the same period of FY20.
Remittance inflows duRead More…

Reflection of two years history in borrowers’ ECIB reports

Karachi, April 09, 2021 (PPI-OT): From July 2021, State Bank of Pakistan (SBP) has decided to include two years history of negative/overdue information for consumer/individual borrowers’ in the eCIB reports of State Bank of Pakistan in line with international practices. Currently, the eCIB report reflects negative/overdue information for consumer/individual borrowers’ for one year.
Electronic Credit Information BRead More…

State Bank of Pakistan reserves decrease by $146 million

Karachi, April 08, 2021 (PPI-OT): State Bank of Pakistan informed on Thursday that Pakistan’s total liquid foreign reserves stood at US$20,679.4 million on 02-April-2021.
The break-up of the foreign reserves position is as under:
Foreign reserves held by the State Bank of Pakistan: US$13,527.2 million; Net foreign reserves held by commercial banks: US$7,152.2 million. During the week ended 02-April-2021, SBP reservRead More…

SBP unveils ambitious Third Five-year Strategic Plan for Islamic Banking Industry – Press Note issued by State Bank of Pakistan

Karachi, April 05, 2021 (PPI-OT): State Bank of Pakistan (SBP) today unveiled its third five-year Strategic Plan for the Islamic Banking Industry. The strategic plan has set headline targets for Islamic banking industry to be achieved by 2025. These include: (i) 30 percent share in both assets and deposits of overall banking industry, (ii) 35 percent share in branch network of overall banking industry, and (iii) 10 pRead More…