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SBP keeps key Policy Rate Unchanged at 7 Percent

The monetary policy committee of the State Bank of Pakistan has decided to keep the key policy rate unchanged at 7 percent for next two months.In an announcement on Monday, the MPC noted that since the last meeting in September, the domestic recovery has gradually gained traction, in line with

Bank Holiday

The State Bank of Pakistan (SBP) will remain closed on October 30, 2020 (Friday), the 12th Rabi-ul-Awaal 1442 AH on the occasion of Eid Milad-Un-Nabi, a statement said on Tuesday.

SBP Launches Digital Foreign Exchange Operations

State Bank of Pakistan (SBP) has launched an initiative to transform digital foreign exchange operations by replacing the paper-based requests with electronic submissions, which is not only efficient but also cost effective.Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related