Karachi, June 15, 2020: The State Bank of Pakistan (SBP) has issued its flagship annual publication, the Financial Stability Review (FSR) for CY19. The Review presents performance and risk assessment of various segments of the financial sector including banks, non-banking financial institutions, financial markets, non-financial corporate and financial market infrastructures. The FSR notes that the…
Karachi, May 20, 2019: The State Bank of Pakistan has announced to increase the policy rate by 150 basis points to address the microeconomic issues. According to SBP announcement, Policy rate decision taking into account the current considerations and the evolving macroeconomic situation, the Monetary Policy Committee noted that further policy measures are required to address…
Karachi, April 25, 2019: Non-Resident Pakistanis (NRPs) are facing serious issues due to present State Bank of Pakistan (SBP) regulations when they open or operate bank accounts in Pakistan. Bankers said that SBP regulations are discouraging NRPs to open bank accounts and remit funds to Pakistan. There are some four major restrictions on NRP accounts…