Tag: SBP
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Pakistan CPI Inflation Slows to 5.6% in December
Karachi (Reuters) — January 2, 2026: Pakistan’s consumer price inflation eased to 5.6 percent year-on-year in December, marking a further slowdown in price pressures, according to official data released by the Pakistan Bureau of Statistics (PBS) on Thursday. The latest reading shows a decline from 6.1 percent recorded in November and reflects a sharp moderation from inflation levels…
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Punjab Tops Borrowing Charts with Rs. 405 Billion in 38 Days, Outpaces All Provinces
Lahore (Bloom Pakistan/Baaghi TV) – August 26, 2025: Punjab has emerged as Pakistan’s biggest borrower in the opening weeks of the fiscal year 2025-26, securing a record Rs. 405 billion from the State Bank of Pakistan (SBP) within just 38 days under the leadership of Chief Minister Maryam Nawaz. According to official SBP data, Punjab accounted…
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Is Dr Shamshad Akhtar Violating the SOE Act 2023?
Serving as the finance minister (FM) of Pakistan since 17 August 2023, Dr Shamshad Akhtar is known for heading boards of companies, in violation of the State-Owned Enterprises (SOE) Act 2023. Dr Akhtar who is the chairperson of the Pakistan Institute of Corporate Governance (PICG), Sui Southern Gas Company Limited (SSGCL) and the Pakistan Stock…
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SBP increases interest rate to record high of 22 percent
“With this background, the MPC convened an emergency meeting to respond to these developments. The MPC decided to raise the policy rate by 100 bps to 22 percent, effective 27th June 2023,” said the central bank. It added the decision was “necessary to keep real interest rate firmly in the positive territory on a forward-looking…
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FPCCI pens letter to Governor State Bank for opening of LCs
ISLAMABAD: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has written a letter to the Governor of the State Bank of Pakistan requesting the opening of LCs (Letters of Credit) and clearance of raw materials. In the letter, it is said that an emergency meeting should be called to resolve the issue of…
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Inexperienced bank staff put importers to face hazardous
LAHORE: The Pakistan Business Forum (PBF) has called on the Governor State Bank of Pakistan (SBP) to pay attention towards the difficulties being faced by importers after the introduction of Pakistan Single Window (PSW) system due to inexperienced bank staff. President of Pakistan Business Forum (Lahore Chapter) Muhammad Ejaz Tanveer and Vice President Dr. Faryad…
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SBP introduces Licensing and Regulatory Framework for Digital Banks
Lahore: With the start of 2022, the State Bank of Pakistan has set the stage for the dawn of a new era for banking in Pakistan with the introduction of a Licensing and Regulatory Framework for Digital Banks in line with international best practice. This is the first step towards introducing a completely digital bank…
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Who misrepresented the current account deficit statistics?
Islamabad: Who misrepresented the current account deficit statistics? According to reports, the misrepresentation of inaccurate data by the statistic team led to a record current account deficit in November. The Bureau of Statistics showed that petroleum imports were 2.8 million tons instead of 1.8 million tons, and vaccines were also included in imports instead of…
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Record shortage of Pakistan marginally enlarges to $1.9bn
According to the post-data record by Arif Habib Limited on a year-on-year basis, the primary reason behind the deficit was a 57% year-on-year increase in total imports to $7.3 billion. However, the brokerage house added that total exports and remittances also increased by 20% and 1% year-on-year, respectively. During November, the balance of trade in…
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SBP, SFD ink accord
Lahore: A deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government of the Islamic Republic of Pakistan, represented by the State Bank of Pakistan (SBP), has been signed today by the Chief Executive Officer of SFD, H.E. Sultan Bin AbdulRahman Al-Marshad and the…