SBP’s reserves hit an all-time high at USD 21.4 billion
With the arrival of Eurobond inflows, the State Bank of Pakistan’s (SBP) foreign exchange reserves have surged to an all-time high level of USD 21.4 billion. In the first week…
Pakistan: SBP injects Rs11.6tr into banking system
Gold climbs Rs2,000 to Rs461,936/tola as global rebound gathers steam SBP injects Rs11.6tr into banking system The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system…
Pakistan: SBP Deputy Governor stresses tech-led push for financial inclusion
Financial literacy remains the biggest barrier to expanding financial inclusion in Pakistan. State Bank of Pakistan (SBP) Deputy Governor Saleem Ullah made these remarks while addressing the Future of Finance…
SBP reserves rise slightly, Pakistan’s total forex holdings reach $22.74 billion
Central bank’s foreign exchange reserves increase by $6 million during the week ended June 12, while commercial banks hold over $5.5 billion. Pakistan’s foreign exchange reserves remained broadly stable during…
SBP launches riyal, dirham Naya Pakistan Certificates
State Bank has announced it will issue Naya Pakistan Certificates in Saudi riyal and UAE dirham, but the returns are slightly lower than those for US dollar investments. The central…
Pakistan: SBP launches ‘cyber shield’ to protect banking system, customers
In view of increasing global and domestic cyber threats and related challenges to the financial ecosystem, the State Bank of Pakistan (SBP) has launched ‘Cyber Shield-the Cyber Resilience Strategy for…