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SBP’s foreign exchange reserves decrease by $354m

KARACHI: The foreign exchange reserves held by State Bank of Pakistan (SBP) decreased by $354 million to $4.2443 billion, ARY News reported on Thursday,...

SBP abolishes cash margin requirement on imported items

KARACHI: The State Bank of Pakistan (SBP) on Friday abolished the dollar cash margin requirement on imports from March 31, ARY News reported. Experts claimed...

SBP directs commercial banks to open accounts of mosques

State Bank of Pakistan (SBP) wrote letters to heads of commercial banks on Thursday directing them to open accounts for mosques, ARY News reported. The...

FIA Karachi detains 2 ‘smugglers’, seizes Rs30m cash in possession

KARACHI: The State Bank circle of Federal Investigation Bureau (FIA) has Tuesday claimed to have arrested at least two impostors who smuggle cash via...

SBP foreign reserves rise $38mn to $13.16bn

The foreign exchange reserves in the country have witnessed an increase of US$25 million in the week ending on March 5.

SBP foreign exchange reserves increase by $558mn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $558 million to $12.74 billion during the week ended on 6th of November.

SBP reserves fall $205mn to $12.1bn

The foreign exchange reserves held by the State Bank of Pakistan (SBP) fell by $205 million to $12.15 billion during the week ended on 2nd of October.

SBP reserves rise to $12bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP), during the week ending on July 3, rose by $810 million to $12.04 billion.

SBP reserves jump by $1.18bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.18 billion during the week ended on April 24.

SBP reserves fall by $85mn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $85 million to $10.8bn during the week ended on April 17.

SBP advises banks to suspend dividend distribution for two quarters

In view of uncertainty arising out of COVID-19 pandemic, the State Bank of Pakistan has advised all the banks and development financial institutions (DFIs) to suspend the dividend distribution for the next two quarters.

State Bank’s reserves rise $240mn to $8.68bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $240 million to $8.68 billion during one week ending on November 22.

State Bank to announce Monetary Policy today

The experts are expecting the interest rate likely to be fixed slightly downward with most of them predicting that the central bank will opt to reduce the rate by 25 basis points.