Pakistanis can now open Bank Accounts Digitally.
Pakistani residents would no longer be obliged to visit bank offices to create accounts; instead, they may use the State ...
Tag: State Bank of Pakistan
New SBP instructions for selling third-party products
The State Bank of Pakistan (SBP) on Wednesday issued a comprehensively revised set of instructions on the sale of third-party ...
Foreign direct investment sink by 38.7pc in July
Foreign direct investment fell sharply by 38.7 per cent during the first month of the new fiscal FY22 compared to ...
SBP expects current account deficit to be 2-3pc
The State Bank of Pakistan (SBP) has kept the policy rate unchanged at 7 per cent in the hope that ...
Pakistan’s services trade deficit decreased by 43% in FY21: SBP
Pakistan’s service trade deficit decreased substantially by 43 percent during the previous fiscal year 2020-2021 (FY21), according to the data ...
Foreign exchange: SBP reserves rise $845m to $18.1b
The foreign exchange reserves held by the central bank rose 4.9% on a weekly basis, according to data released by ...
Pakistan posts $1.8bn current account deficit CAD in FY21
The fiscal year 2020-21 ended with a large current account deficit (CAD) of $1.8 billion despite showing a surplus till ...
Market watch: KSE-100 rises 137 points
The Pakistan Stock Exchange extended its bull-run on Thursday and the KSE-100 index rose 137 points as investors drew encouragement ...
Pakistan receives $1b in Eurobond proceeds
Pakistan has received $1 billion raised by floating Eurobond in the international market last week, boosting the country’s foreign currency ...
Pakistan’s foreign exchange reserves break records
Pakistan’s foreign exchange reserves reached an all-time high level of $25.3 billion. According to the State Bank of Pakistan (SBP), ...
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