The State Bank of Pakistan (SBP) on Monday raised its benchmark policy rate by 100 basis points (bps) to 11.5% on Monday, warning of “intensified risks” to the macroeconomic outlook due to the US-Israel war on Iran. In a statement, the central bank said that its Monetary Policy Committee (MPC) noted that global energy prices, […]
State Bank of Pakistan (SBP)
SBP Pushes Regional Market Integration
State Bank of Pakistan (SBP) Governor Jameel Ahmed urged regional market integration to boost growth. He said no country can tackle economic challenges alone. Ahmed highlighted collaboration as key to financial stability and sustainable development across Asia. He delivered the keynote at the International Capital Market Conference 2025, hosted by SECP. Policymakers, regulators, and market […]
Pakistan’s SBP foreign reserves rise to $14.47 billion
Islamabad — Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $16 million this week. The reserves reached $14.47 billion as of October 24, 2025, the central bank reported on Thursday. This marks a slight rise from last week when reserves had increased by $14 million. The central bank noted […]
Pakistan posts $110 million current account surplus in September
Pakistan recorded a $110 million current account surplus in September 2025, according to the State Bank of Pakistan (SBP). This is a sharp improvement from the $52 million deficit seen in the same month last year. The positive shift was driven by strong remittance inflows and higher export earnings. These developments signal improving economic stability, […]
SBP reserves rise again, hit $14.44bn mark
Pakistan’s foreign exchange reserves saw a slight improvement this week, reflecting cautious optimism about the country’s economic stability. The State Bank of Pakistan (SBP) reported on Thursday that its reserves increased by $21 million, reaching $14.44 billion as of October 10, 2025. The rise, though modest, marks the second consecutive weekly increase after a $20 […]
SBP clarifies two-hour cooling period in digital transfers
The State Bank of Pakistan (SBP) has issued a clarification regarding the two-hour cooling period in digital fund transfers. It explained that while funds are instantly credited to recipients’ accounts in real time, the restriction applies only to the use or withdrawal of those funds. The central bank emphasized that money transferred to branchless banking […]
SBP rolls out interest-free loans for 100,000+ E-Bikes & Rickshaws
The State Bank of Pakistan (SBP), in partnership with the federal government, has launched a major interest-free financing scheme to support the adoption of electric bikes, rickshaws, and loaders. The program, announced Monday, aims to distribute 116,000 e-bikes and 3,170 electric rickshaws/loaders during the 2025-26 fiscal year to promote eco-friendly transport solutions across the country. […]
SBP holds policy rate at 11% amid inflation, flood concerns
The State Bank of Pakistan (SBP) has kept its policy rate unchanged at 11%, in line with market expectations. The decision was made during the Monetary Policy Committee (MPC) meeting held on Monday. SBP said that the full MPC statement would be released shortly. This marks the second consecutive meeting where the rate has been […]
SBP to review monetary policy report on September 15
KARACHI: The State Bank of Pakistan (SBP) will release its Monetary Policy Report on September 15. The central bank’s president, Jamil Ahmed, will chair the key meeting in Karachi. Officials and analysts will review the current economic situation and inflationary pressures. The meeting will decide whether to maintain, increase, or cut interest rates. According to […]
SBP closed on Sept 6 for Eid Milad-un-Nabi
The State Bank of Pakistan (SBP) announced it will close on Saturday, September 6, 2025. This closure is for Eid Milad-un-Nabi, the birth anniversary of Prophet Muhammad (PBUH). The day corresponds to the 12th of Rabi-ul-Awwal in the Islamic lunar calendar. The bank’s closure allows staff and customers to observe the religious occasion. Earlier, the […]