State Bank of Pakistan

Sources say Islamabad expects a $500 million facility from Islamic Development Bank for oil and other commodities

Announcement follows federal government's decision on Tuesday to declare the same dates as public holidays

SBP data shows current account deficit for first 11 months of this fiscal year was much lower than last year's $3.76b

The plan includes introduction of new notes with significantly enhanced security features starting Feb 2024

Governor Jameel Ahmad says inflation currently at ‘elevated’ level but would ease from March

SBP says CAD dropped 64% or $1.6b in first five months of FY24

Core inflation is still at an elevated level and is coming down only gradually, says policy statement

Drop in forex reserves may put currency under pressure

Central bank keeps growth projection unchanged at 2-3% for FY24

Clarification comes as media reported risks for deposits exceeding Rs500,000

No reason cited for increase in foreign currency assets

Offers cash reward, higher TT charges to banks and exchange firms

Major expansion in balance sheet likely to be driven by investment in govt’s debt securities

Stands at $160 million as exports of goods and services improve

Bank says decision takes into account latest inflation outturn, reflecting continuous decline in trend

SBP attributed dip in Pakistan’s forex reserves to debt repayments

Governor says rising temperature impacting agricultural output

Minister says additional Rs14b would be needed for the exercise

Projected CAD to be below $6b for FY2023 – had earlier projected CAD at $9b

SBP’s monetary policy committee meeting today to decide on rate revision

Amends foreign exchange manual that also permits withdrawal of investment

SBP attributes rise to $500m commercial loan disbursement

SBP removes condition of 100% advance payment on import of hundreds of items

Govt notifies Saifullah Dogar as senior adviser to IMF executive director

No reason for the rise provided by the central bank

Move to help stabilise forex reserves, avert imminent default on external debt

Central bank attributes increase to $700m Chinese loan disbursement

Bank revised the schedule to fulfill another condition of the IMF to win back the $6.5 billion loan programme

Conducts OMO to ensure ample liquidity remains in banking system

SBP deputy governor says supporting govt’s growth policies comes at third place

Central bank attributes decrease to external debt repayments

Some suggest that the govt consider alternatives to IMF

Banks advised to process and release documents of shipments and goods that have already arrived at ports in Pakistan

Analysts expect rate to go up to 17% ahead of IMF programme revival

Central bank gives no reason for increase to $4.6 billion

At present, 20% of commercial banks have adopted Islamic banking

To promote financial inclusion in unserved, underserved segments of society, says SBP

Decrease came owing to external debt repayment

Traders stage protest outside SBP, calling for opening of letters of credit

Violates law by not filling vacant post of central bank director in one month

Fall $245m in week ended Dec 30 owing to external debt repayment

SBP cites external debt repayment as reason for decrease

SBP raises rate by 13%, withdraws concessionary funding with effect from Friday

Cites lack of inventory because of State Bank’s LC restrictions

Report says survival without the IMF is not an option

Central bank cites pre-flooding projections in annual report

Economic gains stemming from demographic dividend constrained by large number of dependents

Central bank also provides Rs40.5b to Shariah-compliant banks for 70 days

State minister reveals foreign lender has reservations over subsidies for energy sector

State Bank did not give any reason for decrease in reserves