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State Bank of Pakistan

IMF transfers $1.2 billion to Pakistan


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ISLAMABAD: The International Monetary Fund (IMF) on Thursday transferred $1.2 billion of the total $3 billion to the State Bank of Pakistan’s (SBP) account under the Stand-By Agreement (SBA) that was approved by the IMF board the previous…

Saudi Arabia deposits $2bn with State Bank of Pakistan


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ISLAMABAD: Federal Minister for Finance and Revenue Senator Ishaq Dar said on Tuesday that the brotherly country Saudi Arabia has deposited $2 billion with the State Bank of Pakistan (SBP), increasing the total foreign exchange reserves to…

Pakistan receives $1b loan from China


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Karachi: Pakistan’s central bank announced on Friday that it has received a $1 billion loan from China, bringing the country’s foreign exchange reserves back to over $4 billion. According to the State Bank of Pakistan, receiving one…

Funds for polls not provided, ECP tells SC


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ISLAMABAD: As ordered by the Supreme Court, the Election Commission of Pakistan submitted a report with a SC bench in which it stated that it has not received funds of Rs21 billion to conduct elections in Punjab on May 14. The…

NA panel refers release of funds issue to cabinet


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ISLAMABAD: The National Assembly’s Standing Committee on Finance and Revenue, which met on Monday, has decided to refer the matter of release of funds directly to the Election Commission of Pakistan to the federal cabinet. The Supreme…

SBP increases policy rate by 300bps to 27-year high


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KARACHI: The State Bank of Pakistan (SBP) on Thursday raised the benchmark interest rate by 300 basis points (bps). The Monetary Policy Committee, which was scheduled to meet on March 16 but had to bring forth the meeting to Thursday,…

Pakistan paid off $1 billion worth of sukuk bonds


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Islamabad: Pakistan paid off 1 billion dollars worth of  Sukuk Bonds. According to reports received by Leading News from the Ministry of Finance, Pakistan has paid the Sukuk bonds three days ahead of schedule as the last date for payment…