State Bank of Pakistan

Terms the great global lockdown as the 'mother of all external shocks'

Ministry of Finance says State Bank of Pakistan ‘facilitated speculative behaviour’ of commercial banks

Revision comes due to deteriorating global and domestic outlook

Businessmen argue cottage industries will be unable to pay 4% interest

State Bank of Pakistan aims to mitigate risk of drop in foreign currency inflow

State Bank of Pakistan says optimism is now subject to risks arising from spread of coronavirus

Seeks to do away with responsibility of controlling inflation, supporting growth

IMF confirms Pakistan has approached it for $1.4 billion financial support

Regulatory approval system will allow banks interact online with central bank

Recovery seen following intervention by central bank

Payments to creditors in last quarter are likely to further stretch official foreign currency reserves

Move aims to cope with impact of COVID-19 pandemic

SBP says it has taken these measures to facilitate the import of much-needed equipment in a seamless manner

Latest drop comes on back of cut in interest rate

IMF official says these countries should devalue currencies instead of giving credit concessions

Pakistan not to renegotiate $6b package – a decision that may make tax collection target unrealistic

Allows six-month extension in shipment period

Estimates debt level will swell 100% to Rs47.6tr in five years

SBP instructs banks to waive all charges on fund transfers through online banking channels such as IBTF

Move aimed at reducing need to visit bank branches or ATMs

Move in line with expectations due to low inflation outlook, combating virus impact on economy

The current market volatility in Pakistan is externally driven, says SBP Governor Reza Baqir

SBP says Islamabad prefers short-term loans, which seems contrary to facts

Foreign selling of T-bills, divestment at PSX drag down currency

Currency dealers meet SBP high-up to discuss issue

PTI govt to hand over role of tax refunds to State Bank of Pakistan

World is now likely to avoid concentration of industries in one country

Lack of resources, illiteracy keeping most people away from cashless system of payments

Minister says this will help enhance job opportunities, raise revenue

Cite low inflation reading, reduction in profit rate on debt securities

SBP says measures in place to reduce risk of outflow, take maximum benefit of investment

SBP Governor Reza Baqir tells PAC people do not want to come in tax net

State Bank will try to cut rate slowly to avoid capital outflow

Standards for import of agri-products are likely to be more restrictive in face of deadly virus

Says increase in machinery import, growth in LSM output support economy

Will also ask FBR about status of revenue collection in current fiscal year

Pace of drop in deficit slows as govt eases import curbs to step up economic activities

ECC likely to give approval for A$40.1m investment in Australian mill

Zubair pleads apex court to order govt to bring down policy rate to 6-7%

SBP seminar highlights economic crisis faced by other emerging economies

This would also enable freelancers to expand their businesses

Finance panel finds most of legal amendments in violation of constitution

Failure to boost tax collection, exports is pushing govt to continue to borrow

SECP, SBP must work together to ensure collective surveillance of these sales

Reserves depleted by around $1b from August 2019 to January 2020

Minister says losses of PIA also continually shrinking

Pakistan local currency bond yields rise 10 to 30 basis points in auction

Govt, regulators should provide banks with right tools to promote financial literacy

Finance ministry says other factors to blame for 40% increase in debt

Highest level recorded in past over nine years due to rise in food and energy cost