State Bank of Pakistan Offer Exciting Job Opportunities in Pakistan

State Bank of Pakistan Offer Exciting Job Opportunities in Pakistan

The State Bank of Pakistan (SBP), the nation’s central bank, is opening its doors to talented individuals, offering a unique opportunity to join as Assistant Directors (OG-2) under the IT Officers Training Scheme. If you’re looking for a rewarding and challenging career in the fields of Information Technology, Information Security, Cyber Security, or Data Sciences, … Read more

State Bank of Pakistan will announce its monetary policy on Monday

State Bank of Pakistan will announce its monetary policy on Monday

The State Bank of Pakistan’s (SBP) Monetary Policy Committee will convene in Karachi on Monday, May 23, 2022, to deliberate on monetary policy. Later that day, the SBP would announce the Monetary Policy Statement through a press release. The central bank’s Monetary Policy Committee (MPC) will meet on Monday, May 23, 2022, to publish the … Read more

State Bank of Pakistan reinstates Saturday holidays for banks

State Bank of Pakistan reinstates Saturday holidays for banks

KARACHI: The State Bank of Pakistan (SBP) stated on Friday that it will return to a five-day workweek by reintroducing Saturday as a bank holiday, less than a month after the federal government raised working hours for banks and government agencies. On April 13, the central bank said that it was boosting bank working hours … Read more

Pakistan Foreign Exchange Reserves rise to $20.40 billion

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KARACHI: Forex reserves in Pakistan increased to $161 million, or 0.78 percent, during the week which ended on Thursday December 4. The State bank of Pakistan declared the results of Pakistan foreign exchange rise in reserves. Cumulatively, the country’s total liquid foreign exchange reserves increased to $20.402 billion, which was recorded as $20.241 billion in … Read more

IT Exporters Will Now Be Able To Retain a Big Portion of Their Foreign Exchange Earnings

IT Exporters Will Now Be Able To Retain a Big Portion of Their Foreign Exchange Earnings

State Bank of Pakistan (SBP) is now going to facilitate IT exporters by relaxing the conditions of maintaining foreign exchange allowing them to retain up to 35% from the export earnings in special currency accounts. The initiative was taken to inspire and incentivize the services of the IT sector to increase their export earnings, according … Read more

SBP increases financing limits for Women entrepreneurs

SBP increases financing limits for Women entrepreneurs

State bank of Pakistan announced increase in the concessional financial limits for women entrepreneurs. Financial inclusion of Rs. 1.5million is increased to Rs. 5 million under its Refinance and Credit Guarantee Scheme for Women Entrepreneurs. SBP took this step to encourage women to participate in economy. This decision was taken in accordance with the women’s … Read more