Institutional autonomy
There are has intense debate on the bill granting unprecedented autonomy to the State Bank of Pakistan (SBP) with a view to regulate monetary policy and control inflation in the interest of the country. These measures are said to according
FDI increased to $317.4 million in Oct: Finance Advisor
ISLAMABAD: Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said that the government was promoting ease of doing business with reforms in investment regime to further strengthen investors’ confidence. The finance advisor said that the Foreign
Quaid-e-Azam’s economic vision
July 1, 1948 is a significant date in the history of Pakistan, as the opening day of the State Bank of Pakistan (SBP). The opening ceremony of SBP was the last public event attended by the Father of the Nation
SBP reduces interest rate by 100 bps to 8 percent
KARACHI: The State Bank on Pakistan on Friday announced the new monetary policy and reduced the key policy rate by 100 basis points to eight percent. The Monetary Policy Committee (MPC) said the decision was based on the inflation outlook
Governor SBP urges regional central banks to tackle challenges
ISLAMABAD: Governor State Bank of Pakistan Dr Reza Baqir highlighted the importance of efficient and robust governance structure in the banking industry for sustainable economic growth of a country. The central bank governor was addressing a seminar on “Emerging Trends
IMF director visits Pakistan to review country’s performance
ISLAMABAD: Director of International Monetary Fund’s Middle East and Central Asia division has expressed his satisfaction over the three-month performance of Pakistan. Jahad Azour, Director of International Monetary Fund’s Middle East and Central Asia division visited Islamabad to review the
SBP decides not to change interest rate
KARACHI: State Bank of Pakistan on Monday has announced its monetary policy. The Central bank has decided to maintain the current interest rate at 13.25 percent. The already skyrocketed interest rate remains the same, the State Bank of Pakistan on
SBP penalizes banks for flouting anti-money laundering laws
KARACHI: The State Bank of Pakistan has penalized 10 banks for ignoring anti-money laundering laws. This decision came at the time when the Financial Action Task Force is finalizing a draft to decide Pakistani economy’s fate. “Monetary penalty was imposed