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SBP allows tax payment through family members’ account under foreign amnesty...

KARACHI: State Bank of Pakistan (SBP) on Thursday allowed tax payment under foreign amnesty scheme through bank accounts of immediate family members. The SBP said...

Current account deficit ballooned by 43.26pc in July – May

KARACHI: The current account deficit of the country has ballooned by 43.26 percent to reach 5.5 percent of the GDP during first 11 months...

Bank’s Eid holidays

KARACHI: The State Bank of Pakistan (SBP) on Monday announced that the central bank will remained closed from June 15 to 18 on the...

Rs4,450bn to be raised for budgetary financing in auctions

KARACHI: The government will raise Rs4,450 billion through sale of treasury papers during next three months in order to meet budgetary requirements and repayment...

2.3 million people send SMS for new banknotes in 4 days

KARACHI: State Bank of Pakistan (SBP) on Monday said that around 2.3 million people applied through SMS service for new banknotes on the occasion...

SBP’s subsidiary starts functioning for depositors’ protection

KARACHI: State Bank of Pakistan (SBP) on Thursday announced that its subsidiary will start work from June 01, 2018 for protection of small depositors. In...

SBP starts SMS service for new banknotes

KARACHI: State Bank of Pakistan (SBP) on Wednesday launched SMS service for issuance of fresh currency notes to general public. The fresh currency notes will...

SBP increases policy rate to 6.5pc for next two months

KARACHI: State Bank of Pakistan (SBP) on Friday announced to increase policy rate by 50 basis points to 6.5 percent for the next two...

Pakistan, China extend currency swap agreement for three years

KARACHI: Pakistan and China have agreed to extend currency swap agreement for a period of three years in respective local currencies, said State Bank...

SBP to announce monetary policy on May 25

KARACHI: State Bank of Pakistan (SBP) will announce monetary policy for next two months on May 25, said a statement on Tuesday. The SBP will...