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Tag Archive for state-bank-of-pakistan


CWC2015: Get ready- Green Shirts !
12th March 2015 CWC2015: Get ready- Green Shirts !
After the demoralizing start of team Pakistan in Cricket World Cup 2015 campaign, Pakistan came into the brightening position in points table of Pool B. Pakistan is now obtaining the 3rd position by 3 consecutive wins over South...
Uzair Baloch case: Absence of documentation cause delay in hearing
6th March 2015 Uzair Baloch case: Absence of documentation cause delay in hearing
DUBAI: Absence of documentation cause delay in hearing  the case regarding extradition of wanted suspect Uzair Baloch till next week, Aaj News reported. According to the sources, Pakistani officials have deserted well constructed evidence against Uzair Baloch. Judge...
JCR-VIS revises Askari Bank rating outlook from stable to positive
20th February 2015 JCR-VIS revises Askari Bank rating outlook from stable to positive
KARACHI:  JCR-VIS Credit Rating Company Limited (JCR-VIS) has revised the outlook on the assigned rating of Askari Bank Limited (AKBL) from `stable’ to `positive’, a statement said here Thursday. The positive outlook takes into account the improved trend...
SBP quarterly reports show improvement in economy
17th April 2014 SBP quarterly reports show improvement in economy
ISLAMABAD: Two quarterly reports of the State Bank on country’s economy presented in the Senate on Thursday have shown improvement in economic indicators and country on way to betterment. The government laid before the Senate two quarterly reports...
Shariah Compliant Solutions for Foreign Bill Discounting
3rd April 2014 Shariah Compliant Solutions for Foreign Bill Discounting
KARACHI: The State Bank of Pakistan (SBP) on Thursday issued instructions to Islamic banks and conventional banks dealing in Islamic banking to standardize Shariah practices of Islamic banking institutions (IBIs) regarding foreign bill discounting. In a communique addressed...
SBP keeps policy rate unchanged at 10pc
15th March 2014 SBP keeps policy rate unchanged at 10pc
KARACHI: The Board of directors of State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 10 percent as almost all major economic indicators have moved in the desired direction over the past few...
No conspiracy behind resignation of SBP governor: Dar
14th February 2014 No conspiracy behind resignation of SBP governor: Dar
ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar on Friday rejected any conspiracy behind the resignation of Governor State Bank of Pakistan, Yaseen Anwar. Responding to a calling attention notice moved by Farhatullah Babar, he said,” There was...
Finance Ministry clarifies State Bank Governor’s resignation
2nd February 2014 Finance Ministry clarifies State Bank Governor’s resignation
ISLAMABAD: The Spokesman of the Ministry of Finance Saturday expressed dismay over the controversy generated in a section of media over the resignation of former Governor State Bank of Pakistan, Yaseen Anwar. The spokesman said that Yaseen Anwar...
Governor State Bank Yaseen Anwar resigns
30th January 2014 Governor State Bank Yaseen Anwar resigns
KARACHI: Governor State Bank of Pakistan (SBP) Yaseen Anwar has submitted his resignation on Thursday, which is also accepted by the federal government, Aaj News reported. According to sources, Ashraf Watrah likely to be the next Governor-SBP. However,...
Agriculture credit disbursement by banks increases despite challenges
21st January 2014 Agriculture credit disbursement by banks increases despite challenges
ISLAMABAD: The Banks disbursed Rs 159.3 billion during the first half of current fiscal year, which is 13.5 % higher than the disbursement of Rs 140.3 billion during the corresponding period last year. According to a statement issued...
State Bank continues policy rate at 10pc
17th January 2014 State Bank continues policy rate at 10pc
KARACHI: State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at ten percent. SBP Governor, Yaseen Anwar announced this while unveiling the Monetary Policy Statement (MPS) at a press conference here on Friday afternoon....
Finance Ministry to release Rs 5bn to private banks: Dar
17th November 2013 Finance Ministry to release Rs 5bn to private banks: Dar
KARACHI: Federal Finance Minister Senator Ishaq Dar on Sunday presided over a high level meeting at the State Bank of Pakistan (SBP) here to review the progress on measures taken to increase remittances to the country. The meeting...
SBP accepts bids of Rs 56,763.624mn for sale of MTBs
12th November 2013 SBP accepts bids of Rs 56,763.624mn for sale of MTBs
KARACHI: The State Bank of Pakistan (SBP) on Tuesday accepted bids of Rs 56,763.624 million, with a face value of Rs 58,012.095 millions, for sale of 3-months, 6-months and 12-months Government of Pakistan Market Treasury Bills through its...
SBP accepts bids of Rs 340,070.535mn for sale of MTBs
30th October 2013 SBP accepts bids of Rs 340,070.535mn for sale of MTBs
KARACHI: State Bank of Pakistan (SBP) on Wednesday accepted bids of Rs 340,070.535 million, with a face value of Rs 347,480.900 million for sale of 3-months, 6-months and 12-months Government of Pakistan Market Treasury Bills through its Primary...
SBP advises banks, DFIs to ensure submission of stress testing returns
29th October 2013 SBP advises banks, DFIs to ensure submission of stress testing returns
KARACHI: State Bank of Pakistan (SBP) has advised banks and development finance institutions (DFIs) to ensure timely submission of the stress testing returns to avoid legal action. The Central Bank shall take a punitive action against the respondent...
SBP accepts bids of Rs 122,996.984mn for sale of MTBs
14th October 2013 SBP accepts bids of Rs 122,996.984mn for sale of MTBs
KARACHI: State Bank of Pakistan (SBP) on Monday accepted bids of Rs 122,996.984 million, with a face value of Rs 125,630.400 million, for sale of 3-months, 6-months and 12-months Government of Pakistan Market Treasury Bills through its primary...
Pak forex increase to $ 10.327bn
15th August 2013 Pak forex increase to $ 10.327bn
KARACHI: The total liquid foreign reserves of the country increased to dollars 10.327 billion against the previous weekly balance of dollars 10.231 billion, said State Bank of Pakistan. According to weekly statement here on Thursday, the foreign reserves...
State Bank to issue 135 billion rupees’ new currency notes before Eid
27th July 2013 State Bank to issue 135 billion rupees’ new currency notes before Eid
KARACHI: The State Bank of Pakistan has announced of issuing 135 billion rupees’ new currency notes before Eid to meet demand of people, media reports. Printing of new currency notes has been started in the Security Printing Press...
SBP, NBP offices to stay open till late on June 28, 29 to collect taxes
27th June 2013 SBP, NBP offices to stay open till late on June 28, 29 to collect taxes
KARACHI: The field offices of State Bank of Pakistan’s (SBP) Banking Services Corporation and authorized branches of National Bank of Pakistan (NBP) will remain open for extended hours on 28th and 29th of this month till 12.00 a.m....
SBP reduces interest rate by 50bps, traders appreciated
22nd June 2013 SBP reduces interest rate by 50bps, traders appreciated
KARACHI: The State Bank Of Pakistan reduced the policy interest rate by 50 basis points to 9 per cent while announcing the monetary policy on Friday. This decision of SBP has been hailed by the trade and industry...
SBP to intensify efforts towards promoting Islamic banking awareness
22nd June 2013 SBP to intensify efforts towards promoting Islamic banking awareness
The State Bank of Pakistan (SBP) plans to intensify its efforts towards awareness and promotion of Islamic banking across the country to achieve a target of 15 percent share in overall banking industry by end 2017. Addressing the...
Branchless banking accounts grow by 20 percent
3rd May 2013 Branchless banking accounts grow by 20 percent
KARACHI: Branchless banking (BB) in the country continues to grow substantially and number of BB accounts has reached 2.1 million during 2nd quarter of the current fiscal year ( Oct.-Dec. 2012) registering an impressive growth of 20%. According...
Foreign investment rose 3.8% in Pakistan
17th April 2013 Foreign investment rose 3.8% in Pakistan
KARACHI: Net foreign direct investment into Pakistan rose 3.8 per cent in the nine months that ended in March to reach $622 million, compared to a year earlier, the State Bank of Pakistan said on Tuesday. Between last...
SBP leaves key policy rate unchanged at 9.5pc
12th April 2013 SBP leaves key policy rate unchanged at 9.5pc
KARACHI: The State Bank of Pakistan said on Friday is was leaving its key policy rate unchanged at 9.5 percent. The State Bank said it faced two main challenges in reaching a policy decision: “to manage the balance...
Banks to remain open on Sunday to facilitate election scrutiny process: SBP
6th April 2013 Banks to remain open on Sunday to facilitate election scrutiny process: SBP
KARACHI: The State Bank Saturday advised all the banks to open their offices and branches dealing with the credit information on Sunday from 8:00 am to 12:00 (midnight) to address issues regarding credit information of the contesting candidates....
SBP directs banks on pay minimum profit rate of 6%
15th March 2013 SBP directs banks on pay minimum profit rate of 6%
ISLAMABAD: The State Bank of Pakistan (SBP) has directed commercial banks to pay minimum profit rate of 6.0% per annum on all Pak Rupee saving deposits on average monthly balances with effect from April 01, 2013. “This rate...
 
 
 
 
 
 

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