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State Bank of Pakistan

Pakistan reports card-skimming, but says no mass bank data breach

The skimming took details of nearly 20,000 debit and credit cards from 22 Pakistani banks, according to the Pakistan Computer Emergency Response Team (PakCERT), a monitoring group.

Nov 07, 2018, 16:59 PM IST

Pakistan's central bank denies report of mass data breach

The State Bank of Pakistan (SBP) said the IT security system of a single bank, which it did not name, had been "compromised" on October 27 and it had already instructed all banks to increase their scrutiny.

Nov 06, 2018, 23:09 PM IST

Pakistani rupee tumbles as central bank faces a crisis

The central bank declined to say whether it had devalued the currency.

Jul 17, 2018, 13:29 PM IST

Pakistan economy set to surpass last year's decade-high growth

The SBP while announcing the reports on the second quarter economic growth also cautioned that the growth would remain short of the 6 per cent target due likely to lower wheat output and late sugarcane crushing.

Apr 07, 2018, 14:16 PM IST

Amid Beijing's push to CPEC, Bank of China begins operations in Pakistan

Pakistan's central bank has allowed the government-owned Bank of China to begin operations in the country.

Sep 19, 2017, 20:54 PM IST

State Bank of Pakistan says 3% currency drop to address external pressures, help economy

Pakistan`s central bank said on Wednesday a sudden 3 percent weakening of the rupee against the dollar would help the country`s external account and shore up economic growth.

Jul 05, 2017, 20:35 PM IST

China comes to Pakistan's rescue with $1.2 bn loan

China has increased its economic pull in Pakistan over the past year, providing over $1.2 billion in loans to help the country stave off a possible currency crisis.

Apr 26, 2017, 17:17 PM IST

Pakistan spent $118 billion on 'war on terror': SBP

Pakistan has spent a hefty USD 118 billion since 2002 to combat terrorism which has significantly hampered growth and it is facing "serious challenges" to its economy, according to a new central bank report.

Nov 18, 2016, 19:22 PM IST

4-5 Pak banks keen to open branches in India: SBP Dy Governor

"It is very unfortunate that there is no movement with regard to business and banking side between two countries. Once the environment is more conducive, I am sure we both will have opportunity to learn together. 

Mar 20, 2016, 11:33 AM IST

Pakistan cuts interest rates to historic low

Pakistan`s central bank Saturday slashed the benchmark interest rates to a 42-year low of seven percent, hoping to stimulate growth in the long dormant economy.

May 23, 2015, 19:50 PM IST

Pak Eco outlook improved despite terrorism and energy problems

Despite problems of terrorism and energy crisis, the economic outlook of Pakistan improved last fiscal with inflation remaining in single digit and foreign remittances showing a rise, the State Bank of Pakistan said today.

Jul 19, 2014, 19:09 PM IST

Pakistan's forex reserves at $13.13 billion

The foreign exchange reserves of Pakistan increased by 3.7 percent to USD 13.13 billion during the week ended May 16.

May 23, 2014, 10:43 AM IST

Shoaib Akhtar likely to don coach`s hat

Considered as one of the fastest bowlers of his generation, Shoaib Akhtar is now ready to bowl on a different pitch as the Rawalpindi Express is likely to coach the State Bank of Pakistan in the upcoming season.

Apr 07, 2014, 18:50 PM IST

Pakistan, China ink currency swap deal

The swap is aimed at promoting bilateral financial cooperation and boosting trade and investment.

Dec 24, 2011, 10:52 AM IST