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In: Banking Sector
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The State Bank of Pakistan presented performance, risk assessment of various segments of financial sector in its annual review It notes policy measures and regulatory interventions, coupled with $3 billion IMF bailout, helped improve macroeconomic conditions ISLAMABAD   (  WEB  NEWS  ) Pakistan’s financial sector showed a steady performance and expandedRead More →

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In: Breaking News
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SBP keeps policy rate unchanged for 7th consecutive session at 22pc KARACHI  (   Web  News  ) The State Bank of Pakistan (SBP) on Monday chose to maintain the status quo by upholding the key policy rate at 22 per cent for the seventh policy meeting in a row. The announcementRead More →

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In: Breaking News
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ISLAMABAD ( Web News ) Foreign exchange reserves held by the State Bank of Pakistan (SBP) dipped $303 million, clocking in at an alarming level of $7.6 billion as of October 7, 2022, according to data released on Thursday. Total liquid foreign reserves held by the country stood at $13.25Read More →

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In: Commerce and Industry
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ISLAMABAD ( Web News ) The business community in a meeting at Islamabad Chamber of Commerce & Industry (ICCI) has expressed disappointment at maintaining the policy interest rate at 7 percent by the State Bank of Pakistan and demanded that it should have been brought down to at least 3Read More →