Tag Archives: SBP

Both the Election Commission of Pakistan (ECP) and the State Bank of Pakistan (SBP) on Tuesday submitted their respective reports to the Supreme Court (SC) pertaining to the release of Rs21 billion for polls in Punjab and Khyber Pakhtunkhwa. The directives for releasing the funds were issued by a three-member SC bench comprising Chief Justice of Pakistan (CJP) Umar Ata Bandial, Justice …

Finance Minister Miftah Ismail clarified on Saturday that neither the State Bank of Pakistan nor he had “directly intervened” to bring the dollar’s value down, stating that it was influenced by market factors. Addressing the Karachi Chamber of Commerce and Industry, he said he disagreed with a KCCI member’s stance that he had something to do with the dollar’s declining …

Pakistan’s gross financing needs in the current fiscal year would be more than fully met under the ongoing International Monetary Fund (IMF) programme while an extra cushion of $4 billion would be arranged, the State Bank of Pakistan (SBP) and the Ministry of Finance have said. A joint statement issued on Sunday noted that the country’s financing needs stemmed from a $10bn …