State Bank of Pakistan

Revised scheme introduces new components; micro and agriculture loans

Board director resigns as he has stake in firm that is seeking digital banking licence

Says risks are best addressed through a concerted response by all stakeholders

Says only $4.7b to be repaid in FY23 after debt restructuring, loan rollover

SBP cites $1b payment for Sukuk, other debt repayments as reasons

Will launch web portal allowing the entire nation to invest, trade in lucrative govt debt securities

Business leaders urge SBP, govt to restructure market policy, strengthen currency

More pain to come as policy rate has been raised at sharpest pace in decades

Govt could avoid trade curbs, allow adjustment in rupee value to reduce deficit

SBP governor reaffirms support to Shariah-compliant banking, digital transformation

Govt appreciated for withdrawing SBP, NBP appeals against FSC decision

Finance minister says a system based on Zakat and Ushr can replace the current banking system

Key stakeholders say SBP’s decision will reduce trust, investment flows

No revision in SBP’s projection hints at both positive, negative developments

Business community warns of economic ruin, decline in employment and revenue

Central bank refutes reports saying payments to Google were stuck, terming all such claims 'baseless and misleading'

Urges SBP to reduce policy rate to single digits, ease cost of doing business

Experts, market surveys anticipate the policy rate to remain unchanged at 15%

Thin forex reserves hamper move amid warning diesel stocks may dry up

Financial exclusion, high use of cash remain major problems, says SBP chief

CAD stood at $567 million in Oct 2022 compared to $1.78 billion last year

SBP focuses on rupee-dollar trade volumes, those most actively involved in trade

Public may report to the SBP any unauthorised foreign exchange activity via email

Current account deficit projection is nearly half of World Bank forecast

SBP initiates environmental, social risk management to mitigate climate impact

Risk of default spiked to 13-year high at 52.8% earlier this week

Reserves record no major change in week ended October 14

State finance minister says flood devastation far higher than Rs2 trillion

President Alvi accords approval on PM Shehbaz’s recommendation

FSC had earlier declared prohibition of Riba (interest) as absolute according to injunctions of Islam

State Bank of Pakistan granted Careem with an In-Principal-Approval with an EMI as the company plans to invest $50m.

Deficit said to be lowest recorded this fiscal year; PM says 'timely action to contain deficit' bore fruit

Increase comes on back of receipt of IMF tranche, Sukuk issue

Negotiators told cabinet move would lead to revival of IMF programme

Economic affairs ministry reviews banking, energy sectors under Taliban regime

Some analysts expect increase in policy rate

Finja had earlier become the first fintech to receive approval for the licence

The SBP injected $1.2 billion into the inter-bank market to defend the rupee in the ongoing fiscal year 2021-22

Country witnesses steep rise in deficit for second time in three months

IMF asked Pakistan to end state control of rupee and let currency move freely to find equilibrium

Use of formal channels, curtailed cross-border travel drive the boost in inflows

In September Pakistani rupee became the worst-performing currency in Asia

Drop comes on back of external debt repayments

SDR allocation from IMF lifts reserves to historic highs

Financing risk of banks will be secured through mortgage of project land based on specific arrangements with builders

Imran says govt introducing reforms, incentives to attract investment

Central bank cites no reason for increase

Govt may face challenge of unmanageable current account deficit

Dip seen on back of external debt repayments, payments for Covid-19 vaccines

Central bank cites no reason for increase