The State Bank of Pakistan has announced that banks and financial institutions across Pakistan will remain closed on July 1. According to the central bank, Wednesday, July 1, will be observed as a bank holiday, due to which all banks will remain closed for public dealings and transactions. The announcement stated that development finance institutions […]
SBP
SBP, LCCI decide to work jointly for SME growth
State Bank of Pakistan (SBP) Chief Manager Ansar Iftikhar Butt said on Wednesday that the Bank would work closely with Lahore Chamber of Commerce and Industry (LCCI) to promote SME development, enhance women’s financial inclusion, create awareness about Islamic banking and address forex related issues. He added that SMEs are the backbone of economy and […]
SBP maintains policy rate at 11.5% as inflation fears subside
The State Bank of Pakistan’s Monetary Policy Committee (MPC) on Monday left its benchmark policy rate unchanged at 11.5%, noting a recent decline in global oil prices following a US-Iran deal. “The Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 11.5% in its meeting,” the central bank said in a statement. […]
SBP-held forex reserves rise by $25 million to $17.22 billion
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $25 million during the week ended June 5, 2026, according to data released by the central bank on Thursday. The SBP’s foreign exchange reserves rose to $17.215 billion from $17.190 billion recorded a week earlier. The central bank said the country’s total […]
May sees highest-ever monthly remittances at $4.3 billion
Workers’ remittances were recorded at $4.3 billion in May, registering growth on both a monthly and annual basis, according to data released by the State Bank of Pakistan (SBP) on Wednesday. Adviser to the Finance Minister Khurram Schehzad also shared the data on X, stating that Pakistan had recorded its “highest-ever monthly remittance inflow in […]
SBP’s ‘Go Cashless’ campaign saw Rs 34bn in digital transactions on Eid
The State Bank of Pakistan (SBP) said on Friday its Go Cashless campaign for Eidul Azha 2026 stood successful as more than 480,000 transactions valuing over Rs34 billion had been conducted using digital channels and instruments. The central bank said there was a significant increase in both the volume and value of digital transactions. “Compared […]
SBP-held foreign reserves rise by $43m to $17.9bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $43 million on a weekly basis, reaching $17.19 billion as of May 29, 2026, according to data released by the central bank on Thursday. The SBP said the country’s total liquid foreign reserves stood at $22.636 billion during the week under […]
SBP-held foreign reserves rise by $66 million to $17.15 billion
Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $66 million on a weekly basis, according to data released by the central bank on Friday. The SBP said the country’s total liquid foreign reserves stood at $22.65 billion as of May 22, 2026. According to the break-up, foreign reserves held by […]
SBP to issue commemorative coins on 75 years of China ties
To mark the 75th anniversary of diplomatic relations Pakistan and China, the Government of Pakistan has decided to issue a commemorative coin of Rs.75 denomination. The coin will be available to the general public from May 25, 2026, through the exchange counters of field offices of SBP Banking Services Corporation. It may be recalled that […]
IMF maintains oversight of budgetary planning as more funds land in SBP
The International Monetary Fund (IMF) here on Wednesday acknowledged the positive progress made by Pakistan in maintaining macroeconomic stability despite a challenging global and regional environment. The appreciation was made by the visiting IMF Mission, led by Mission Chief Ms. Iva Petrova during a meeting with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb […]