KARACHI: The Governor State Bank of Pakistan (SBP), Dr Reza Baqir, has been appointed as the Chairman of the General Assembly of Islamic Financial Services Board (IFSB) for the year 2022. The IFSB General Assembly is an apex representative body with 87 members, including 81 regulatory and supervisory authorities, 10 international intergovernmental organizations, and 96 […]
Dr Reza Baqir
Collateral free loans to businesses soon: SBP
The Governor State Bank of Pakistan Dr. Reza Baqir has said that the SBP is going to initiate a scheme for Financing to the Cottage Industry up to 10 million Rupees without the collateral. He said that the government will give guarantees to the Banks against losses and will invite Expression of Interest from Banks […]
Govt focusing to streamline economy: MNA Aliya
ISLAMABAD:MNA and Parliamentary secretary for textile Aliya Hamza Malik on Wednesday said that her government was only focused on its better performance, building institutions, taking revolutionary steps to streamline economy instead of discussing irrelevant topic of Pakistan Democratic Movement. The incumbent government is making concrete efforts to uplift the marginalized segments of the society and […]
LCCI urges State Bank to lower banking spread in financing schemes
LAHORE: The Lahore Chamber of Commerce and Industry has urged the State Bank of Pakistan to lower banking spread in the central bank’s financing scheme for renewable energy and other sectors. In a letter to State Bank Governor Dr Reza Baqir, LCCI President Mian Tariq Misbah said that the business community appreciates the positive role […]
SBP introduces advance calendar of MPC meetings
KARACHI: The State Bank of Pakistan (SBP) has decided to begin announcing a half-yearly schedule of Monetary Policy Committee (MPC) meetings on a rolling basis for making the process of monetary policy formulation more predictable and transparent. In a press statement issued here on Thursday, dates for the next four meetings were also announced by […]
Pakistan-IMF talks extended by 2 days after ‘good progress’
The technical-level talks between Pakistan and the International Monetary Fund (IMF) on the proposed bailout package that were expected to conclude on Friday were extended by another two days. “We have made good progress in our discussions with the visiting IMF mission. Consultations will continue over the weekend,” a brief statement issued by the Finance […]
Shabbar Zaidi named as new FBR chairman
Prime Minister Imran Khan on Monday announced to appoint renowned chartered accountant and tax affairs expert Syed Shabbar Zaidi as chairman of the Federal Board of Revenue (FBR). Zaidi is a senior partner at AF Ferguson and Co, a leading accountancy and advisory company in Pakistan and a Price Waterhouse Coopers member firm. He has […]
Dr Baqir takes charge as SBP governor
Dr Reza Baqir has assumed the charge of governor of the State Bank of Pakistan (SBP) after president of Pakistan appointed him to the post for a period of three years, according to a statement issued by the central bank. Dr Baqir has 18 years of experience with the IMF and two years with the […]