The State Bank of Pakistan (SBP) lowered its key policy rate by 200 basis points, bringing it to 17.5%, effective September 13, 2024. The decision reflects a positive inflation outlook …
Sbp
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In a significant move aimed at stimulating the economy, the State Bank of Pakistan (SBP) announced on Monday a cut in its key interest rate by 150 basis points, bringing …
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The State Bank of Pakistan (SBP) on Monday extended the last date of redemption/encashment of prize bonds of Rs7500/Rs15,000/Rs25,000 and Rs40,000 by June 30. The date has been extended keeping …
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Business & Finance
SBP provides further incentives for businesses to retain workers & employees and prevent layoffs
by Fahadby FahadOn April 10, 2020 the State Bank of Pakistan announced an incentive scheme— entitled Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns—that …
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Mian Anjum Nisar President, the Federation of Pakistan Chambers of Commerce and industry (FPCCI) appreciated reduction in the policy rates by 2 percent from 11 percent to 9 percent by …
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Business & Finance
SBP introduced new refinance scheme to avoid layoff of workers
by Sam Irfanby Sam IrfanTo support the employment of workers in the face of economic challenges posed by the spread of COVID-19, the State Bank of Pakistan (SBP), has introduced a temporary refinance scheme …