Tag Archives: State Bank of Pakistan

FDI rises by 57pc on heavy inflows from China

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KARACHI: Foreign Direct Investment (FDI) has increased by 57 percent during the first five months of current fiscal year due to heavy inflows from China.

IMF welcomes exchange rate flexibility by SBP

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ISLAMABAD: International Monetary Fund (IMF) has welcomed exchange rate adjustment by State Bank of Pakistan (SBP) and said further exchange rate flexibility will be important in the period ahead.

SBP issues instructions for processing export of additional 1.5 MMT sugar

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KARACHI: State Bank of Pakistan (SBP) on Wednesday issued instructions for banks to process additional 1.5 million metric tons of sugar allowed by the government.

SBP advises banks to remain vigilant on widening assets-liabilities mismatch

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KARACHI: The rising long term advances and declining share of fixed deposits is widening the assets-liabilities mismatch against which the banks need to remain vigilant, State Bank of Pakistan (SBP) said in its Third Quarterly (July – September) Review on Banking system issued on Wednesday.

Overseas Pakistanis send $8bn in July-Nov

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KARACHI: Overseas Pakistan workers have remitted $8.02 billion in the first five months (July to November) of fiscal year 2017/2018, compared with $7.92 billion during the same period in the preceding year, State Bank of Pakistan (SBP) said on Monday.

SBP revises instructions on making, dispatch of shipping documents by exporters

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KARACHI: State Bank of Pakistan (SBP) has revised instructions regarding making and dispatch of shipping documents by the exporters.

No limit of duty, tax payment through ATM under new system

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KARACHI: Wajid Ali, Director, Automation and Reforms (Customs) has said that there will be no limit of making payment through ATM under e-payment system, which will be roll out from December 31, 2017.

SBP upgrades its core banking system

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KARACHI: State Bank of Pakistan (SBP) has upgraded its core banking system from Globus to T24R15. The system provides automation services required by the central bank to discharge its role as banker to the government and other banks/financial institutions, said a statement on Friday.

Exchange rate settled at Rs107/dollar after fluctuation; SBP says market-driven adjustment

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KARACHI: The Rupee-US dollar exchange rate after fluctuations settled at Rs107 per US dollar on Friday, higher than last day’s close of Rs105.50 to the dollar in interbank foreign exchange market.

SBP waives cash margin requirement on two HS Codes

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KARACHI: State Bank of Pakistan (SBP) has waived the condition of 100 percent cash margin on import of goods falling under HS Codes 6310.9000 and 9506.9912.