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#State Bank of Pakistan

SBP announces jobs in various domains; Here’s how to apply online

Desk Editor Jul 10, 2024

Applications not complying with the requirements mentioned in the advertisement will not be considered ISLAMABAD: State Bank of Pakistan (SBP) is looking for talented professionals to fill contract positions within its Information…

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Eidul Adha 2024: Bank holidays announced

Desk Editor Jun 13, 2024

SBP said that the central bank will remain closed from 17th to 19th June. Islamabad: The banks in Pakistan will remain closed for four consecutive days as the State Bank of Pakistan (SBP) announced public holidays on account of Eidul Adha.…

State Bank Mandates Banks to Embrace Digital Supply Chain Finance Solutions

Desk Editor Jun 11, 2024

The State Bank has instructed banks to establish dedicated supply chain finance departments. Karachi: The State Bank of Pakistan has directed commercial banks to develop and implement digital supply chain finance (SCF) solutions within the…

Pakistan

State Bank of Pakistan Introduces QR Code Payments for Eid ul Adha Cattle Markets

Desk Editor May 27, 2024

New system aims to enhance security and convenience by enabling digital transactions in 50 major cattle markets across 15 cities, reducing reliance on cash amidst rising street crimes. KARACHI – State Bank of Pakistan…

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SBP Introduces Secure Digital Payment System for Sacrificial Animal Purchases

Desk Editor May 26, 2024

Banking experts estimate that transactions worth 550 to 600 billion rupees occur in Pakistan's major cattle markets during Eid-ul-Azha. Islamabad: The State Bank of Pakistan (SBP) has launched a digital payment scheme for purchasing…

Pakistan

Pakistan’s Foreign Reserves Experience Slight Increase to $14.59 Billion

Desk Editor May 24, 2024

State Bank Reports Modest $22 Million Rise in Reserves, Reflecting Stable Financial Outlook ISLAMABAD: The State Bank of Pakistan (SBP) has reported a slight rise in the country's total liquid foreign reserves, which…

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Stock Market opens on a high note after Eid holidays

Desk Editor Apr 15, 2024

SBP data revealed an uptick in remittances, which could also be attributed to Ramazan. KARACHI: Stock Market opens on a high note after Eid holidays. On the last trading day before Eid holidays (April 9), the Stock Exchange of Pakistan…

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Misprinted Rs1000 notes emerge in National Bank

Desk Editor Mar 13, 2024

In a statement, a spokesman for the central bank said the matter was referred to the department concerned. Karachi: A branch of National Bank of Pakistan (NBP) in Karachi received misprinted currency notes of Rs1000 denomination issued by…

World

Pakistan’s foreign reserves stand at US$ 13,149.1m: SBP

Desk Editor Feb 16, 2024

The reserves held by the State Bank of Pakistan stood at US$ 8,056.5 million KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) stood at US$8,056.5 million after an increase of US$13 million as of 9th February…

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