Tag Archives: State Bank of Pakistan

FDI sharply increases by 162.8pc in July 2017

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KARACHI: Foreign Direct Investment (FDI) has registered massive growth of 162.8 percent in July 2017 to $222.6 million as compared with $84.7 million in the same month of last year, according to foreign investment data released by State Bank of Pakistan (SBP) on Wednesday.

SBP discontinues requirement of monthly foreign exchange returns

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KARACHI: State Bank of Pakistan (SBP) has discontinued the requirement of monthly foreign exchange returns for banks. However, the financial institution shall submit hard copies of Export Forms and details of advance export payment manually.

SBP issue procedure for processing 300,000MT sugar export

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KARACHI: State Bank of Pakistan (SBP) has laid down procedure for banks to process the cases for export of 300,000 metric tons sugar.

Remittances grow by 16pc in July 2017

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KARACHI: Remittances sent home by overseas Pakistanis have registered 16 percent growth in the first month of current fiscal year. The overseas Pakistani workers remitted $1.541 billion in the first month (July) of 2017/2018 as compared with $1.328 billion received during the same month in the preceding year, State Bank of Pakistan (SBP) said on Thursday.

FBR issues refunds amounting Rs26.43bn in first phase

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ISLAMABAD: Federal Board of Revenue (FBR) has issued refunds amounting Rs26.43 billion in the first phase against 10,439 Refund Payment Orders (RPOs).

Government to raise Rs3,750bn through PIB, MTB auction for budgetary support

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KARACHI: The federal government has decided to borrow Rs3,750 billion through sale of securities during next three months for budgetary support.

Banks surpass agriculture credit disbursement target for 2016/2017

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KARACHI: Banks have surpassed the agricultural credit disbursement target of Rs700 billion set by Agricultural Credit Advisory Committee (ACAC) for FY 2016-2017. Banks have disbursed Rs 704.5 billion which is 17.8 percent higher than the last year’s disbursements of Rs 598.3 billion, said a statement issued by State Bank of Pakistan (SBP) on Wednesday.

Bajwa’s appointment as SBP governor not violation: clarification

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ISLAMABAD: The federal government has clarified that the appointment of Tariq Bajwa as the governor of State Bank of Pakistan (SBP) is not in violation of SBP Act 1956.

SBP keeps policy rate unchanged at 5.75pc on expected growth

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KARACHI: State Bank of Pakistan (SBP) has kept the key policy rate unchanged at 5.75 percent in its first monetary policy decision of fiscal year 2017/2018 announced on Saturday.

SBP to announce first monetary policy decision on July 22

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KARACHI: Tariq Bajwa, the newly appointed governor of State Bank of Pakistan (SBP) will unveil first monetary policy for fiscal year 2017/2018 on Saturday, July 22, 2017.