Tag Archives: SBP

SBP, interest rate, 25 bps, 10.25%

SBP increases interest rate by 25 bps, fixes it at 10.25%

01 January, 2019 6:47 pm 6:47 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) has announced a 25 basis point increase in the interest rate, taking it to 10.25 percent with effect from February 1 as part of its new monetary policy. This was stated by the SBP Governor Tariq Bajwa while announcing the new monetary policy at a … Read More

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PM PM Imran Khan Imran khan Naya Pakistan Housing Program Finance Ministry SBP commercials banks

PM reviews Naya Pakistan Housing Program

01 January, 2019 9:36 am 9:36 am

ISLAMABAD (92 News) – Prime Minister Imran Khan has reviewed all the key progress in Naya Pakistan Housing Program. The prime minister chaired a meeting to review Naya Pakistan Housing Program. He directed to provide all possible assistance and facilities to the low income people in the realization of their dream of having their own … Read More

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ECC allows export of 100,000 tons of sugar

12 December, 2018 5:46 pm 5:46 pm

ISLAMABAD (92 News) – The Economic Coordination Committee (ECC) on Tuesday allowed the export of 100,000 tons of sugar. Addressing the South Asia summit, Finance Minister Asad Umar said that the meeting had decided to start the crushing season early and help of the provinces will be sought in this regard. He said that they … Read More

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Stock market’s 100 index plummets 1,400 points, trading at 39,000

12 December, 2018 3:51 pm 3:51 pm

ISLAMABAD (Reuters) – Pakistan’s stock market fell 3.1 percent on Monday after the State Bank of Pakistan (SBP) hiked its policy interest rate by 150 basis points to 10 percent and sharply cut its economic growth forecast. The benchmark 100-share index of the Pakistan Stock Exchange was down by 1,400 points, trading at 39,221.53 points. … Read More

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Cyber attacks: Data of 19,864 cards stolen from 22 banks

11 November, 2018 3:37 pm 3:37 pm

ISLAMABAD (92 News) – Data of 19,864 cards was stolen from 22 banks of the country, revealed the State Bank of Pakistan spokesperson. It has been revealed that a card was sold on the black market at Rs 100-160 and the buyers did shopping immediately. The SBP has stopped the banks from making payments to … Read More

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SC seeks reply from govt about SBP Governor’s appointment

07 July, 2018 12:44 pm 12:44 pm

ISLAMABAD (92 News) – The Supreme Court on Tuesday sought reply from the federal government to submit the complete record regarding his appointment. A three-member bench headed by Chief Justice of Pakistan Mian Saqib Nisar heard the case of appointment of Tariq Bajwa as Governor State Bank of Pakistan at Supreme Court Registry in Lahore. … Read More

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IHC rejects plea of 22 senators, declares SBP governor’s appointment ...

07 July, 2018 2:48 pm 2:48 pm

ISLAMABAD (92 News) – The Islamabad High Court (IHC) on Tuesday rejected a plea seeking the removal of State Bank of Pakistan (SBP) Governor Tariq Bajwa and declared his appointment as per law. Twenty-two senators mostly from the Pakistan People’s Party (PPP) and Pakistan Tehreek-e-Insaf had challenged Bajwa’s appointment in the IHC. During the hearing, … Read More

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More than 100 election candidates declared bank defaulters

06 June, 2018 6:42 pm 6:42 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) on Monday sent a list of 100 candidates to the Election Commission of Pakistan (ECP) after declaring them as bank defaulters. According to sources, the SBP sent this report to the ECP and election commission started scrutiny of all the candidates. The report has been … Read More

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Manzoor Wassan opposes transfer of SBP’s departments to Lahore

10 October, 2016 8:42 pm 8:42 pm

KARACHI (92 News) – Sindh Minister for Industries and Trade Manzoor Wassan opposed the possible transfer of six departments of the State Bank of Pakistan (SBP) from Karachi to Lahore. “There is a conspiracy to make Punjab the whole country and to make smaller provinces a colony of Punjab and the transfer of SBP is linked … Read More

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Interest rate unchanged as SBP announces monetary policy for two months

09 September, 2016 3:48 pm 3:48 pm

ISLAMABAD (92 News) – The State Bank of Pakistan (SBP) has announced the monetary policy for the next two year, with no change in the interest rate. According to a press release issued by SBP, the year-on-year CPI inflation rose to 3.6 percent in August 2016 from 1.8 percent in August 2015, while the average … Read More

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