Karachi - The State Bank of Pakistan extended agri loans tenor from three to five years for Small and Rural Enterprises under the Credit Guarantee Scheme to facilitate eligible farmers for purchase of tractors and other agri implements, says a circular letter addressed to all banks and micro ...

karachi - A bilateral Currency Swap Arrangement (CSA) between the State Bank of Pakistan (SBP) and the People’s Bank of China (PBoC) amounting to Chinese Yuan (CNY) 10 billion and Rs 140 billion is being implemented from Tuesday after issuance of necessary instructions to banks and completion ...

karachi - The State Bank of Pakistan (SBP) has extended the deadline for all banks/DFIs to submit claims of textile exporters against payment of export finance mark-up rate facility and mark up rate support for textile sector against long term loans from April 15, 2013 to May 20, 2013, according to ...

LAHORE - State Bank of Pakistan and the SMEDA have agreed to make joint efforts for facilitating SMEs’ access to finance. It was disclosed by a team of SMEDA financial experts at an in-house meeting with CEO SMEDA Sardar Ahmad Nawaz Sukhera at SMEDA head office. The team informed that in line ...

LAHORE – The business community on Friday expressed dismay at the State Bank of Pakistan for keeping the policy rate intact and strongly called for a downward revision to 8pc to encourage new investments and revive trade and industry.They said that the availability of cheaper money is ...

KARACHI - State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 9.5 per cent. The decision was taken by the Central Board of Directors of SBP at its meeting held here with Governor Yaseen Anwar in chair on Friday.The decision to keep the policy rate unchanged was taken in ...

KARACHI  - The total liquid foreign reserves of Pakistan stand at $ 11.758 billion, said State Bank of Pakistan here on Thursday.According to SBP weekly statement, the foreign reserves held by State Bank on April 5, amounted $6,697 billion and the net foreign reserves held by banks other than ...

KARAK - The nomination papers of the former provincial minister and Central Deputy General Secretary ANP Nawabzada Mohsin Ali Khan were rejected by Returning Officer Karak Adil Jehangeer as he was found defaulter of the State Bank of Pakistan.It was a great setback for the ANP in district Karak. ...

ISLAMABAD - The State Bank of Pakistan (SBP) is facilitating the Election Commission of Pakistan (ECP) by providing basic information about those candidates who have defaulted on loans they had obtained from various banks during the past five years.“We are providing information to the ECP ...

KARACHI  - The SBP’s apex committee for Student Loan Scheme has approved Rs105.849 million for deserving students.A total of 744 deserving students of graduation, masters, and PhD study in different disciplines for the session 2011-2012 from across the country will benefit from the ...

KARACHI - The State Bank of Pakistan has issued instructions to banks/ development finance institutions (DFIs) regarding processing of claims for provision of “Mark-up Support” and “Investment Support” to textile industry under the Technology Up-gradation Fund (TUF) Scheme ...

KARACHI - The State Bank of Pakistan (SBP) has reminded general public to exchange old design and bigger size banknote of Rs 500 from the field offices of SBP Banking Services Corporation (SBP BSC) and over 10,000 branches of banks throughout the country till the close of banking hours on October ...

KARACHI - The State Bank of Pakistan (SBP) Friday cut its key policy rate by 150 basis points (1.5 percent) to 10.5 percent, to be applicable from August 13.The bank last changed rates by an equal percentage when it made a 150 basis point cut on Oct 8, 2011, bringing the benchmark rate to 12 per ...

KARACHI - The State Bank of Pakistan (SBP) has allowed more relaxations to exporters under Part-II of the Export Finance Scheme (EFS).“To further facilitate exporters under EFS Part-II, the export proceeds realized up to August 31, 2012 shall be considered for entitlement of limit in the EE-1 ...

LAHORE - Fearing that the highest-ever rate of markup may put a reverse gear to all measures aimed at well being of economy, the business community urged the State Bank of Pakistan to bring mark-up to single digit in the upcoming monetary policy.They said that the highest priority of the SBP at ...

KARACHI - The State Bank of Pakistan (SBP) has decided to fully utilise the large network of over 10,000 branches of commercial banks for distribution of fresh currency notes to the general public during the holy month of Ramazan.For this purpose, the SBP Banking Services Corporation (SBP BSC) has ...

KARACHI – The State Bank of Pakistan, in its reverse repo open market operation on Monday, injected Rs 39.650 billion in the banking system. According to the data issued by Domestic Markets and Monetary Department of SBP, State bank, in its reverse repo open market operation in government of ...

KARACHI  - State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 95.400 billion in the banking system. According to SBP here Friday, the offered amount was Rs 98.650 billion while the rate of return slipped to 11.60 ...

KARACHI - The steps taken by State Bank of Pakistan (SBP) to promote financial literacy & inclusion and capacity building of banking sector professionals will be highly useful in creating a professional, sound and vibrant financial culture in the country.This was stated by State Bank of ...

KARACHI - The State Bank of Pakistan (SBP) has issued minimum standards for the sale of third party products by banks/ development finance institutions (DFIs) to safeguard the interest of the depositors/ general public and prevent banks from incurring operational and reputational risks.SBP said ...

KARACHI  - State Bank of Pakistan in its reverse repo open market operation in treasury bills and Pakistan Investment Bonds has injected Rs 119.500 billion in the banking system.According to SBP here on Friday, the offered amount was Rs 174.200 billion while the rate of return improved to ...

KARACHI - State Bank of Pakistan Governor Yaseen Anwar has called upon regional central bankers to fully understand the nature of their economies and go beyond text book approaches to tackle today’s economic problems. He said this while inaugurating a three-day SAARC Finance Regional Seminar ...

KArachi : The SBP has extended the validity period of scheme for financing power plants using renewable energy for a further period of two years i.e. 30th June, 2014. Its validity was due to expire on 30th June, 2012.  According to SBP circular issued Wednesday, the financing facilities under ...

KARACHI - The State Bank of Pakistan (SBP) has prescribed a Standard Application Format for Refund of Fine under the Export Finance Scheme.With a view to bring more clarity and simplify the procedure of submission of refund of fine cases under SMEFD Circular; a Standard Application Format for ...

During the hearing of Asghar Khan Petition in Supreme Court (SC) on Monday, the State Bank of Pakistan (SBP) submitted the Habib Bank commission report in the apex Court.According to a private TV channel, a bench comprising Chief Justice Iftikhar Mohammad Chaudhry, Justice Jawwad S. Khwaja and ...

 KARACHI - The Museum and Art Gallery Department of the State Bank of Pakistan is organising a conference on ‘History through Archival and Scientific Sources’ at Learning Resource Centre auditorium, SBP, Karachi on June 2.  Dr Ishrat Hussain, dean and director, IBA will ...

KARACHI - The State Bank of Pakistan (SBP) has decided to implement International Bank Account Number (IBAN) standard in the country with a view to bringing about account code standardisation and efficiency in processing of payments for domestic as well as cross border transactions.The IBAN ...

KARACHI - The State Bank of Pakistan (SBP) has invited applications from interested financial institutions for appointment as Primary Dealers (PDs) of Government Securities i.e. Pakistan Investment Bonds (PIBs) and Market Treasury Bills (TBs) for the year 2012-13.Applications, addressed to the ...

KARACHI - The State Bank of Pakistan (SBP) has made amendments in Prudential Regulations for Corporate/ Commercial Banking in order to provide flexibility to the banks/ Development Finance Institutions (DFIs), said SBP here on Monday.  According to amendments, the existing limit of $250,000, ...

LAHORE - Sports Board Punjab has issued a show cause notice to the installer of the blueturf here at the National Hockey Stadium for slow pace of work and in breach of the tender notice and documents. “We are not satisfied with the pace of work and the way things are being done to lay the ...