Tag Archives: State Bank of Pakistan

Foreign direct investment registers 56.3pc growth in first quarter

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KARACHI: Foreign Direct Investment (FDI) has surged by 56.3 percent during the first quarter of current fiscal year owing to inflows from China under CPEC related project.

Mobile banking transactions increase by 25.7pc

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KARACHI: The mobile banking based transactions have witnessed growth of 25.7 percent to Rs141.4 billion during fiscal year 2016/2017 as compared with Rs112.5 billion in the preceding fiscal year.

Internet banking volume grows by 32.62pc in FY17

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KARACHI: The volume of transactions through Internet banking have registered growth of 32.62 percent to 25.2 million in fiscal year 2016/2017 as compared with 19 million in the preceding fiscal year, State Bank of Pakistan (SBP) said in its annual report on payment system for fiscal year 2016/2017 released on Monday.

SBP recommends installation of water metering devices for equitable charges

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KARACHI: State Bank of Pakistan (SBP) has suggested installation of metering devices for regulating charges applied on water supply and making equitable system for household usage.

Sales tax collection from POL products down by 17.7pc: SBP

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KARACHI: State Bank of Pakistan (SBP) on Thursday said that the collection of sales tax from petroleum products sharply declined by 17.7 percent in fiscal year 2016/2017.

Tax-to-GDP ratio falls in FY17; lowest in region: SBP

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KARACHI: State Bank of Pakistan (SBP) on Thursday said that tax to GDP ratio fell to 12.5 percent in fiscal year 2016/2017 despite improvement in revenue collection during recent years.

WHT on banking transactions fails to discourage cash economy: SBP

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KARACHI: State Bank of Pakistan (SBP) on Thursday said that the imposition of withholding tax on banking transactions apparently failed to discourage the cash economy.

SBP projects swelling twin deficits in 2017/2018; forecast 6pc GDP growth, lower inflation

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KARACHI: State Bank of Pakistan (SBP) has projected that the government will not able to curtail twin deficits: fiscal deficit and current account deficit to the targets of 4.1 percent and 2.6 percent, respectively of the GDP.

SBP issues procedure for processing sugar export quota

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KARACHI: State Bank of Pakistan (SBP) on Wednesday issued instructions to banks regarding approved quota of 500,000 metric tons of sugar.