Karachi, April 04, 2020: State Bank of Pakistan has continuously been reviewing the challenges arising out of the COVID-19 pandemic situation with particular reference to the financial sector and taking measures. Expanding the scope of its recently announced relief package for households and businesses, SBP has taken another major step today. State Bank has allowed…
Karachi, March 20, 2020: SBP has a strategic objective to support exports for sustained improvement in Pakistan’s balance of payments and growth. To this end SBP provides refinance to banks to provide cheap credit at interest rates that vary between 3 to 6 percent to exporters for working capital and new projects under Export Finance…
In the wake of the recent outbreak of COVID19 (Coronavirus), SBP is undertaking a number of measures to contribute towards meeting the challenges faced by society to remain safe from this pandemic and its potential impact. Given the pivotal role of financial sector in providing services to the general public and particularly the businesses, SBP…
Karachi, March 19, 2020: Mian Anjum Nisar President, Federation of Pakistan Chambers of Commerce and Industry said that the SBP decision seems totally against the global wisdom under prevailing drastic conditions of the life-threatening disease caused by COVID-19. Global think tanks and large number of countries are supporting economic activities by introducing ease of doing…
Karachi, March 18, 2020: Market showed its disappointment to SBP’s Policy Rate cut in full force. Market halt activated at -1683 points 10:17PM with 57 million shares, an reopened at -1731 points with 66 million shares traded on KSE100. Situation worsened over time and majority of stocks hit lower circuits, causing the Index to plunge…