Tag: StateBankOfPakistan
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Senate session: SBP amendment bill passed
ISLAMABAD: The SBP (State Bank of Pakistan) Amendment Bill was passed in the Senate session. In the count for the amendment bill, the government got 44 against the opposition. According to reports, the opposition tore up copies of the agenda and waved them in the air, besieging the chairman’s dice after the defeat in the…
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What is the monthly installment for PM’s ‘My Home My Pakistan’ scheme?
How much monthly installment is to be paid for 2 million loans on Prime Minister Imran Khan’s housing scheme, “My Home My Pakistan”? According to reports, the Governor of the State Bank of Pakistan (SBP), Raza Baqir, has allayed the concerns of the people regarding the loan and monthly installments for the ‘My Home’ Housing…
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Exchange Market calm after SBP warning
Lahore ( 17 Sep 2021): The Pakistani rupee (PKR) depreciated by one paisa against the United States dollar (USD) yesterday and closed at 168.19. Yesterday, the Pakistani Rupee recovered from the record low of September 15 and gained 94 paisas in the inter-bank and open market to close at Rs. 168.19. The Pakistani Rupee slid…
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State Bank of Pakistan Injected 75 Billion!
KARACHI, Dec 24 (APP): State Bank of Pakistan on Thursday injected Rs 75 billion into the money market for four days as reverse repo purchase through its open market operation. Total 9 bids of Rs 159 billion were offered, of which 5 of Rs 75 billion were accepted. The rate of return accepted is 7.10…
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Pakistan pays its second instalment to KSA
Islamabad, 17th December: Pakistan has returned $1 billion out of its $3 billion loans to Saudi Arabia. Baagi TV: According to reports, Pakistan has repaid $1 billion to the Kingdom of Saudi Arabia on Wednesday as the second instalment of a $3 billion soft loan. Pakistan was able to pay back its loan amount after…
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China bails out Pakistan in repaying its Saudi Debt
Lahore, 14th December: China once again provides help to Pakistan to bail in its time of need. According to reports, China has helped Pakistan to repay its $1 billion Saudi debt. This is the second time China has come to our rescue. Geo News has reported that China has agreed to immediately provide $1 to…
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SBP Announces New Monetary Policy for the next two months
In its bi-monthly monetary policy today, the State Bank of Pakistan (SBP) has kept the interest rate unchanged at 7 percent for the next two months. According to the details, in today’s meeting of the Monetary Policy Committee (MPC), it has been decided to maintain the interest rate at 7 percent for the next 2…
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Government and State Bank Asked to Support Manufacturing
The government and the state bank have been asked to support manufacturing.
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Government’s Move to Give Autonomy to SBP Lauded
The government’s move to give autonomy to the SBP has been lauded.
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SBP assigns mandatory targets to banks to increase housing, construction financing
KARACHI, Jul 15 (APP):To promote housing and construction of buildings activities in the country, as envisaged by the Government of Pakistan (GoP), State Bank of Pakistan (SBP) has decided to set a mandatory target for banks to extend mortgage loans and financing for developers and builders. Banks will be required to increase their housing and…