Sunday, October 26, 2014 2:17

Posts Tagged ‘State Bank of Pakistan’

Discrepancies Worth Billions Creep up in SBP Accounts

Discrepancies Worth Billions Creep up in SBP Accounts

Saturday, September 6, 2014 12:14

[caption id="attachment_38885" align="alignright" width="347"] Pakistani Currency[/caption] Discrepancies worth billions of rupees have surfaced in the accounts of the State Bank of Pakistan (SBP), suggesting a deliberate attempt to understate the budget deficit for the previous fiscal year....

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Central Bank Issues Fresh Notes Worth Rs157b for Eid

Central Bank Issues Fresh Notes Worth Rs157b for Eid

Saturday, July 26, 2014 11:34

The State Bank of Pakistan (SBP) has issued Rs157 billion fresh currency notes during Eidul Fitr 2014, which is higher by Rs17 billion as compared to Eidul Fitr, 2013. [caption id="attachment_38257" align="alignright" width="384"] State ...

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Action Plan to Boost Agricultural Financing (State Bank of Pakistan)

Action Plan to Boost Agricultural Financing (State Bank of Pakistan)

Tuesday, February 18, 2014 10:59

Ashraf Mahmood Wathra, Acting Governor State Bank of Pakistan, has announced a six-point action plan for boosting agricultural financing in the country. [caption id="attachment_35640" align="alignright" width="307"] Agricultural[/caption] Addressing a meeting of the Agricultural Credit Advisory Committee (ACAC) at SBP, ...

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Ashraf Mahmood Wathra Made Acting Governor SBP

Ashraf Mahmood Wathra Made Acting Governor SBP

Saturday, February 1, 2014 11:08

Ashraf Mahmood Wathra has been appointed as Acting Governor State Bank of Pakistan (SBP), a day after its chief Yaseen Anwar stepped down, media reported. [caption id="attachment_35226" align="alignnone" width="468"] Ashraf Mahmood Wathra[/caption] Profile via SBP Website: Mr. Ashraf ...

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State Bank of Pakistan Tightens Security at its Karachi Offices

State Bank of Pakistan Tightens Security at its Karachi Offices

Wednesday, December 4, 2013 11:53

[caption id="attachment_33825" align="alignright" width="287"] State Bank of Pakistan[/caption] The State Bank of Pakistan said on Tuesday that it has beefed up security at its offices in Karachi including the head offce. “In view of ...

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State Bank of Pakistan Cuts Key Interest Rate by 50bps to 9 Percent

State Bank of Pakistan Cuts Key Interest Rate by 50bps to 9 Percent

Saturday, June 22, 2013 10:36

The State Bank of Pakistan on Friday cut its key interest by 50 basis points to 9 percent effective from Monday, media news reports. The decision was announced following a meeting of the Central Board of Directors of the central bank. [caption id="attachment_31460" align="alignright" width="307"]...

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State Bank of Pakistan Directs Banks to Pay Minimum Profit Rate of 6% from First April

State Bank of Pakistan Directs Banks to Pay Minimum Profit Rate of 6% from First April

Saturday, March 16, 2013 9:56

The State Bank of Pakistan (SBP) on Friday directed commercial banks to pay minimum profit rate of 6.0% per annum on all rupee saving deposits on average monthly balances with effect from April 01, 2013. This rate of profit ...

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Pakistan Economy Grew by 3.7pc in FY12 (State Bank Annual Report)

Pakistan Economy Grew by 3.7pc in FY12 (State Bank Annual Report)

Thursday, January 31, 2013 9:54

Pakistan's economy witnessed a modest improvement in the fiscal year 2011-12 (FY12), as real GDP grew by 3.7 percent during the year under review compared with 3.0 percent in FY11, the annual report issued by the central bank said Wednesday. [caption id="attachment_28982" align="alignnone" width="566"]...

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State Bank of Pakistan Orders Review of Charities Accounts

State Bank of Pakistan Orders Review of Charities Accounts

Tuesday, March 13, 2012 11:27

In a sudden move, the central bank has issued fresh instructions to financial institutions to maintain strict vigilance over non-governmental organisations (NGOs) and charities – and ordered that a complete review of all such organisations’ accounts be undertaken and completed before the end of this financial year....

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Exchange of Old 500 Note Date Extended to Sep 2012

Exchange of Old 500 Note Date Extended to Sep 2012

Tuesday, November 15, 2011 11:15

The State Bank of Pakistan (SBP) has directed all commercial banks and the field offices of SBP Banking Services Corporation (SBP BSC) operating throughout the country to exchange Rs 500 old design banknote with immediate effect....

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