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Raast Integration Enables Rupee Payments Between Pakistan and Arab Countries

The State Bank of Pakistan (SBP) has connected its Raast payment system with the Arab Monetary Fund’s Buna platform, allowing rupee-based payments between...

Business

Economic Conditions Improved in Pakistan During Last Fiscal Year, State Bank Report

The State Bank of Pakistan has issued its annual report for the 2023-24 fiscal year, highlighting improvements in Pakistan’s economic conditions. According to...

Business

State Bank Reserves Strengthen Further, Up $100 Million in One Week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) posted an increase of $106 million on a weekly basis according...

Business

State Bank Increases Loan Limit for Small and Medium Businesses in Key Move

The State Bank of Pakistan (SBP) has taken a significant step to support small and medium businesses as well as industries by raising...

BusinessPakistan

State Bank of Pakistan Announces Job Vacancies in Various Departments

The State Bank of Pakistan has opened applications for various positions, including Assistant Director (OG-2) in the Museum, Art Gallery & Archives Department...

BusinessPakistan

State Bank Clarifies on New Banknote Designs

Karachi: The State Bank of Pakistan has clarified that the winning designs from the recent art competition are not shortlisted for the new...

Business

State Bank of Pakistan Cuts Policy Rate by 2%

Pakistan’s central bank has reduced the policy rate by 2 percentage points to 17.5%, effective September 13, 2024. The Monetary Policy Committee (MPC)...

BusinessPakistan

State Bank of Pakistan Announces Results of New Banknote Design Competition

The State Bank of Pakistan (SBP) has concluded its Art Competition for the new banknote series, recognizing local artists and designers for their...