Tag Archives: says SBP governor

KARACHI: In a move to soothe the financial market amid growing fears of default, State Bank of Pakistan Governor Jameel Ahmed has said the debt repayment situation is completely under control and all the external payment obligations will be met in time. While advising analysts to correct their views about debt repayments, Mr Jameel expressed full confidence that Pakistan will …

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Monday the country has enough dollars in its coffers to meet foreign debt obligations. Speaking to the press on the sidelines of a ceremony at the Institute of Business Administra­tion (IBA), Mr Ahmad said there’s no reason to worry about a shortage of foreign exchange liquidity. “Our reserves are …

KARACHI: Cryptocurrency has more risks than benefits, but the State Bank of Pakistan (SBP) has been working to develop an understanding of the possible future currencies, according to SBP Governor Reza Baqir. The central bank on Monday issued the detailed speech of the governor that he recently delivered at the Annual Investment Forum in Riyadh, Saudi Arabia. The governor said …

State Bank of Pakistan (SBP) Governor Reza Baqir on Wednesday said the depreciation of the rupee against the US dollar had benefitted overseas Pakistanis sending remittances to the country. Addressing a press conference in Manchester in the UK, he said: “The number of remittances sent by our overseas Pakistanis — after their hard work and effort — is increasing due …

KARACHI: State Bank of Pakistan (SBP) Governor Dr. Reza Baqir on Thursday said the economy would resume along the path of stability and recovery on which it had made strong progress before the pandemic. In a joint statement released by the SBP and Pakistan Embassy in United States, Baqir said the decisive measures taken by the central bank and government …

KARACHI: The economy is set for a “calibrated moderation” as the country seeks a bailout package from the International Monetary Fund (IMF) to avoid a hard landing, State Bank of Pakistan (SBP) Governor Tariq Bajwa said on Monday. Addressing the Pakistan Economic Forum held by Bloomberg LP, Mr Bajwa said a general agreement already exists between Pakistan and the IMF …