Public Holiday 

Karachi, October 15, 2021 (PPI-OT):The State Bank of Pakistan will remain closed on Tuesday, October 19, 2021 (i.e. 12th Rabiul-Awal, 1443 A.H.) on the occasion of Eid Milad-un-Nabi (Sallallahu Alayhi Wa-Sallam).
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 &#82Read More…

State Bank of Pakistan instructs Banks to Digitize Corporate Payments 

Karachi, October 15, 2021 (PPI-OT):Towards digitization of payments and receipts in the corporate sector, SBP has now made it mandatory for its regulated entities (REs) including banks, microfinance banks, payment system operators and payment system providers to provide digital means of payments to their corporate clients to enable businesses for sending and receiving their payments.
SBP, in its recent Circular, has Read More…

Opening of branches to facilitate the collection of Government receipts / duties/ taxes on October 15, 2021

Karachi, October 14, 2021 (PPI-OT):In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 8:00 P.M. on Friday, October 15, 2021, for which purpose a special clearing has been arranged at 6:00 P.M. on the samRead More…

SBP to Issue Rs 70 Commemorative Coin to Mark 70th Anniversary of the Establishment of Diplomatic Relations between Pakistan and Germany

Karachi, October 14, 2021 (PPI-OT):To mark the occasion of 70th anniversary of Pakistan-Germany Diplomatic relations, the Government of Pakistan has decided to issue a commemorative coin of even denomination, i.e. Rs.70. This coin will be available on exchange counters of SBP Banking Services Corporation from October 15, 2021. It may be recalled here that the diplomatic relationship between Pakistan and Germany were Read More…

Deposit Protection Corporation issues its Annual Report 2020-21 

Karachi, October 14, 2021 (PPI-OT):Deposit Protection Corporation (DPC) has issued its first Annual Report today, since the commencement of business in June 2018. The report highlights significant developments made in the areas of deposit protection framework, corporate governance and public awareness, and also includes financial statement of the corporation for FY2021.
It merits mentioning here that core responsibilRead More…

State Bank of Pakistan eases conditions for renewable energy solution providers under renewable energy financing scheme

Karachi, October 11, 2021 (PPI-OT):To promote investment in renewable energy solutions by companies, State Bank of Pakistan (SBP) has eased the conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. Now, all Renewable Energy Investment Entities (RE-IEs) interested in installing renewable energy projects/solutions are allowed to avail refinance under category III of the schRead More…

President of Pakistan launches Roshan Apna Ghar in UAE

Karachi, October 09, 2021 (PPI-OT): H.E President Dr. Arif Alvi expressed the hope that Non-Resident Pakistanis (NRPs) living in UAE would take maximum advantage of the State Bank’s Roshan Apna Ghar scheme and use it to fulfil their and their families’ housing needs in Pakistan.
He was inaugurating a property exhibition for the UAE based NRPs arranged by Pakistani banks offering Roshan Digital Account (RDA), in pRead More…

State Bank launches dedicated landing webpage on promoting housing and construction finance

Karachi, October 08, 2021 (PPI-OT):SBP has launched today a dedicated landing webpage, https://www.sbp.org.pk/hcf/index.html, on promoting housing and construction finance on its website. The page contains extensive information on housing and construction finance and Mera Pakistan Mera Ghar (MPMG), Government’s flagship mark up subsidy scheme for affordable and low cost housing finance. The webpage provides informaRead More…

Workers’ Remittances in September 2021

Karachi, October 08, 2021 (PPI-OT):With $2.7 billion of inflows during September 2021, workers’ remittances continued their strong momentum and remaining above $2 billion since June 2020.
This is the 7th consecutive month when inflows recorded around $2.7 billion on average.
In terms of growth, remittances increased by 16.9% (y/y) in September, while on an m/m basis, inflows were increased by 0.5%.
CumulativelyRead More…

State Bank of Pakistan takes measures to curb undesirable foreign currency outflow

Karachi, October 06, 2021 (PPI-OT):In order to enhance transparency in the foreign currency transactions by exchange companies and to curb undesirable outflow of cash foreign currency, the State Bank of Pakistan has introduced following regulatory measures:
i. Persons travelling to Afghanistan will be allowed to carry only USD1, 000/- per person per visit with a maximum annual limit of USD6, 000.
ii. Exchange companiRead More…