KARACHI: On 08 October 2024, the State Bank of Pakistan (SBP) established its state-of-the-art Tier-3 data centre, the first of its kind in Pakistan within its vicinity at head office, according to officials. Previously, the SBP Karachi Campus comprised two Data Centers: the Main Data Center (MDC) located in the Main building. Ø Backup Data…
KARACHI: 02 October 2024, Governor of the State Bank of Pakistan, Mr Jameel Ahmad, has stated that rapid technological change has not only enabled banks to offer innovative financial services to customers but also empowered regulators to ensure compliance effectively and efficiently through advanced data collection and processing capabilities. He delivered his keynote address at…
Karachi, October 30, 2023: The State Bank of Pakistan (SBP) on Monday decided to maintain its benchmark interest rate – the cost of bank lending – at 22 percent. At its meeting today, the SBP’s Monetary Policy Committee (MPC), decided to maintain the policy rate at 22 percent. In a recent meeting, the Monetary Policy…
Islamabad, October 27, 2023: Governor State Bank of Pakistan (SBP) Jameel Ahmad highlighted the strong and long-lasting economic and financial ties between Pakistan and China and said using the Renminbi (RMB) for settling cross-border trade and investment transactions with China can further strengthen these ties. He was addressing a ceremony on ¬¬¬“Promoting the use of…
Islamabad, October 23, 2023: The State Bank of Pakistan (SBP) released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2022-23. According to the report, Pakistan’s economy faced multiple challenges during FY23, as longstanding structural weaknesses exacerbated the impact of successive domestic and global supply shocks of unprecedented nature. The…