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state bank of Pakistan

State Bank Increases Policy Rate by 100 BPS

Pakistan key interest rate increases to 13.25% ISLAMABAD (Reuters): - Pakistan’s central bank raised its main policy rate by 100 basis points on Tuesday to 13.25%, citing increased inflationary pressures and a likely near-term rise in…

SBP urged to assure rupee stability

KARACHI: Forex Association of Pakistan (FAP) on Tuesday urged the State Bank of Pakistan to assure that rupee value will not be depreciated further. FAP members headed by its president Malik Mohammad Bostan met SBP executive director…

SBP issues procedure of declaration

By S N Syed, M J Hayat KARACHI: The State Bank of Pakistan (SBP) has issued instructions for a declaration of foreign assets under Foreign Assets (Declaration and Repatriation) Act, 2018, while some amendments have also been made in it.…

8877 service fails to fully meet public demand

By M J Hayat LAHORE: The State Bank of Pakistan’s (SBP) 8877 service has failed to fully satisfy the general public with new currency notes ahead of Eid-ul-Fitr as the fresh notes are being sold on heavy commission around the State Bank…