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State Bank of Pakistan

Automated duty drawback payment system starts operations

ISLAMABAD: An automated computerized risk-based system of payment of duty drawback has started its operations. This news was announced by Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood.  With the operation commencement a large number of exporters

Remittances increase to record $7.1 billion: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday stated that remittances reached a record level of $7.1 billion in the third quarter of the current financial year. The State Bank of Pakistan said in a statement that remittances from

SBP to announce monetary policy today

KARACHI: The State Bank of Pakistan (SBP) will announce its monetary policy today in which the policy rate for the next two months will be decided. In this regard, the SBP’s Monetary Policy Committee will meet today in Karachi to

Economic conditions improving as compared to past: SBP Governor

KARACHI: The State Bank of Pakistan (SBP) Governor Dr. Reza Baqir has said that the economic conditions of the country have been improved in many areas as compared to the past. Addressing a ceremony today (Tuesday), he said that in

Foreign exchange reserves increase up to $12.3bn

KARACHI: The Foreign exchange of Pakistan held by State Bank of Pakistan (SBP) has been increased by 3 percent and jumped to $12.3 billion today (Thursday). According to the data released by the central bank, the foreign exchange increased by 3

SBP decides to keep policy rate unchanged at 13.25 percent

ISLAMABAD: State Bank of Pakistan has decided to keep interest rate unchanged at 13.25 percent for the next two months. Governor of State Bank, Reza Baqir announced the monetary policy today (Tuesday). He said that the interest rate was unchanged

Pakistan receives $1.2bn from Asian Development Bank

KARACHI: The State Bank of Pakistan (SBP) on Tuesday has received $1.2 billion from the Asian Development Bank (ADB) under the budget support fund. SBP on its official twitter handle confirmed the transfer of the loan amount to Pakistan. READ

SBP data reveals Foreign Direct Investment is reduced by 58%

KARACHI: – The State Bank of Pakistan (SBP) revealed on Wednesday that total foreign investment is reduced by 58 percent in the first two months of this financial year FY2019-20.  The State Bank of Pakistan on Wednesday revealed in its

SBP to announce new Monetary Policy today

KARACHI: The State Bank of Pakistan (SBP) will announce Monetary Policy for the next two months on Monday. A statement said, “The monetary policy committee (MPC) of the central bank will meet today at SBP Karachi to decide about Monetary