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State Bank of Pakistan News

08 Mar 2023

Cash-Strapped Pakistan's Debt Jumped By PKR 4 Trillion In January 2023

By the end of June 2023, Pakistan`s interest-to-revenue ratio, which was the worst in the region (just behind Sri Lanka) at 42 per cent, will balloon up to 54 per cent.

10 Nov 2022

Loans to be available at 0% interest rate in THIS neighboring country

The announcement came with Finance Minister Dhar conveying the government's intention of withdrawing its appeals against the Federal Shariat Court's April decision of eliminating interest from the country in five years.

25 Nov 2021

DNA: State Bank of Pakistan releases country's debt data

The State Bank of Pakistan has released the debt data till September 2021. According to statistics, at present, Pakistan has a debt of more than 50 lakh crores and during the era of Imran Khan, the country's debt has increased by 70 percent.

12 Aug 2021

Cash van driver runs away with 200 million rupees in Pakistan

The van belonging to the security company was transporting the cash to the central bank Driver Hussain Shah of a security company drove off with the van carrying the cash

Pakistan`s central bank

07 Nov 2018

Pakistan reports card-skimming, but says no mass bank data breach

The skimming took details of nearly 20,000 debit and credit cards from 22 Pakistani banks, according to the Pakistan Computer Emergency Response Team (PakCERT), a monitoring group.

06 Nov 2018

Pakistan's central bank denies report of mass data breach

The State Bank of Pakistan (SBP) said the IT security system of a single bank, which it did not name, had been "compromised" on October 27 and it had already instructed all banks to increase their scrutiny.

Pakistani rupee

17 Jul 2018

Pakistani rupee tumbles as central bank faces a crisis

The central bank declined to say whether it had devalued the currency.

07 Apr 2018

Pakistan economy set to surpass last year's decade-high growth

The SBP while announcing the reports on the second quarter economic growth also cautioned that the growth would remain short of the 6 per cent target due likely to lower wheat output and late sugarcane crushing.

19 Sep 2017

Amid Beijing's push to CPEC, Bank of China begins operations in Pakistan

Pakistan's central bank has allowed the government-owned Bank of China to begin operations in the country.

Rupee devaluation

05 Jul 2017

State Bank of Pakistan says 3% currency drop to address external pressures, help economy

Pakistan`s central bank said on Wednesday a sudden 3 percent weakening of the rupee against the dollar would help the country`s external account and shore up economic growth.

26 Apr 2017

China comes to Pakistan's rescue with $1.2 bn loan

China has increased its economic pull in Pakistan over the past year, providing over $1.2 billion in loans to help the country stave off a possible currency crisis.

18 Nov 2016

Pakistan spent $118 billion on 'war on terror': SBP

Pakistan has spent a hefty USD 118 billion since 2002 to combat terrorism which has significantly hampered growth and it is facing "serious challenges" to its economy, according to a new central bank report.

Pakistan Banks in India

20 Mar 2016

4-5 Pak banks keen to open branches in India: SBP Dy Governor

"It is very unfortunate that there is no movement with regard to business and banking side between two countries. Once the environment is more conducive, I am sure we both will have opportunity to learn together.

19 Jul 2014

Pak Eco outlook improved despite terrorism and energy problems

Despite problems of terrorism and energy crisis, the economic outlook of Pakistan improved last fiscal with inflation remaining in single digit and foreign remittances showing a rise, the State Bank of Pakistan said today.

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