In a meeting of the Senate Standing Committee on Finance, the revelation was made that a private bank manager had absconded with 5 billion rupees from bank accounts. However, the State Bank Governor Jamil Ahmed informed the committee that the total amount involved is around 350 million rupees. ...

The Chief Manager of State Bank of Pakistan, Gujranwala, Syed Asad Abbas Zaidi, stated that the 75-rupee banknote is legal tender and is accepted in any branch of commercial banks across the country. He further emphasized that people should confidently use the 75-rupee note for their daily ...

The State Bank of Pakistan has released details of the loans taken by the government in the past year. According to the State Bank of Pakistan, in August 2023, the government borrowed 2.218 trillion rupees, and this loan taken in August is 3.6% higher compared to July of the current year. ...

The State Bank of Pakistan has opted to maintain the current interest rate at 22%. This decision was disclosed following a pivotal meeting of the SBP's Monetary Policy Committee (MPC) on Thursday. Despite earlier forecasts by various brokerage firms suggesting a potential interest rate hike of up ...

The State Bank of Pakistan (SBP) has announced a set of new job openings, inviting applications for various roles in its Digital Innovations and Settlements Department in Karachi. Taking to X, formerly Twitter, SBP has invited applications for different roles in the above-mentioned department. It ...

State Bank released details of the received foreign remittances in July and August. According to the Central Bank, there was a 22% decrease in foreign remittances in July and August 2023 compared to the previous year. Foreign remittances in July and August 2023 amounted to $4.1 billion, whereas ...

The State Bank, as reported by 24NewsHD TV channel on Wednesday, has decided to grant an additional year for the redemption or conversion of prize bonds, extending the deadline until June 30, 2024. This development comes as part of an effort to accommodate bondholders and provide them with more ...

The State Bank of Pakistan (SBP) has issued its annual flagship publication, the Financial Stability Review. The Review is being published in terms of requirements prescribed in Section 39(3) of the State Bank of Pakistan Act, 1956. It presents the performance and risk assessment of various ...

KARACHI – The State Bank of Pakistan (SBP) has rubbished the rumours claiming that the government has discontinued the commemorative currency note of Rs75. In a video message shared on Twitter, the central bank’s spokesperson Abid Qamar categorically stated: “Rs.75 commemorative banknote is ...

ISLAMABAD - To receive and process Hajj applications for this year, all the designated branches of banks will remain open on Saturday and Sunday, it has been announced. Pakistan's central bank has directed the concerned quarters in this regard on the request of the Ministry of Religious Affairs ...