KARACHI: The State Bank of Pakistan (SBP) has decided to fully utilize the large network of over 9,000 branches of commercial banks for distribution of fresh currency notes of all denominations to the general public …

KARACHI: The State Bank of Pakistan (SBP) on Saturday decided to reduce its policy rate by 50 basis points to 13.5 per cent with effect from August 01, 2011. This was announced by Yaseen Anwar, …

KARACHI: The foreign exchange reserves have declined by dollars 140 million to dollars 18.107 billion, according to a statement of the Central Bank issued here on Thursday.

KARACHI: The State Bank of Pakistan (SBP) and the International Finance Corporation (IFC), a member of the World Bank Group, have launched a series of publications to help Pakistani banking sector expand access to finance …

KARACHI: The State Bank has directed all Banks/DFIs to submit entire record of written-off loans & advances from 1971 onwards to the Commission constituted by Supreme Court of Pakistan. According to a circular issued here …

KARACHI: Federal Minister for Finance Dr. Abdul Hafeez Sheikh has said that the sectors exempted from taxation would be brought into tax net and government expenditure definitely be reduced during next budget, which is …

KARACHI: The State Bank of Pakistan is going to announce January monetary policy on Saturday. It is being speculated that State Bank of Pakistan is raising interest rate. Most economists are unanimous there will be …

Islamabad: The Ministry of Finance has formally notified the appointment of Qamar Hussain, Chief Operating Officer, National Bank of Pakistan (NBP). Few circles were already expecting this appointment. According to further details a notification …

Government borrows Rs68 billion ($795 million) a month leads to higher inflation
Dilutes effects of State Bank’s tight monetary policy and discourages private investors
Calls for early passage of “SBP Act” from Senate to put restrictions on …

KARACHI: The State Bank of Pakistan (SBP) has said that the disbursement of agriculture credit fell to Rs41.6 billion during the first quarter of FY11 [fiscal year 2010-11] from Rs44.1 billion in the corresponding period …