Thursday 17 May 2012
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ISLAMABAD: Pakistan’s foreign exchange reserves rose to $16.51 billion in the week ended March 30, from $16.44 billion in the previous week, the State Bank of Pakistan (SBP) said on Thursday.
State Bank of Pakistan (SBP) has revised the criteria for setting up of branches by Islamic banks. According to a circular of the Central Bank issued here on Monday, (BPRD No. 08, 2011), it said that the branch licensing policy (BLPs) has been revised with immediate effect.
KARACHI : Pakistan has received a fifth tranche, amounting to $1.13 billion, of a $10.66 billion International Monetary Fund (IMF) loan, said Syed Wasimuddin, chief spokesman of State Bank of Pakistan (SBP) on Wednesday.”We received $1.13 billion from the IMF, and this amount will be reflected in foreign exchange reserve data released next week,”...
ISLAMABAD : State Bank of Pakistan (SBP) has reportedly blocked one-year “oil price hedging plan” tailored by the Deutsche Bank on the request of Finance Ministry, suggesting that the protection level should be in line with the budgetary constraints, official sources told Business Recorder.
ISLAMABAD: State Bank of Pakistan has slashed the discount rate by 100 basis points. At a press conference here Saturday, Governor SBP Syed Saleem Raza announced the monetary policy.