Search For "state bank"
Pakistan: SBP forex reserves reach USD 4.34 billion, Islamabad left with t
Updated : 3 years, 1 month ago IST
The foreign exchange held by the State Bank of Pakistan reached a low of USD 4.343 billion.
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Pak spent USD 1.2bn on import of cars in 6 months despite crisis: Report
Updated : 3 years, 1 month ago IST
The News International newspaper reported that Pakistan is facing an acute shortage of dollars and has less than USD 5 billion in its reserves with its State Bank. The report said this is hardly sufficient to finance three-week of its imports. Last year, the imports of these transportation v
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Pakistan's economic crisis going from bad to worse: Report
Updated : 3 years, 1 month ago IST
On January 6 the Forex reserves in the State Bank of Pakistan (SBP) touched the lowest mark of USD 4.343 billion just enough for two weeks. The recurring economic crises in Pakistan are primarily caused by a persistent fiscal deficit, which is a result of the government's tendency to overspe
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SBI raises Rs 97 billion through infrastructure bond
Updated : 3 years, 1 month ago IST
According to SBI, the fund proceeds will be utilized to enhance long-term resources for funding infrastructure and the affordable housing segment. The tenor of these bonds is 15 years.
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MoU signed with SBI to facilitate farmers get loans at low interest rates
Updated : 3 years, 2 months ago IST
To facilitate farmers in getting loans at low-interest rates, Warehousing Development Regulatory Authority (WDRA) has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI).
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Pakistan: Containers packed with essential items held up at Karachi port a
Updated : 3 years, 2 months ago IST
Banks are refusing to issue new letters of credit for importers due to a shortage of dollars. This has hit the economy which is already suffering due to soaring inflation in the country.
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India extends aid worth USD 3.9 billion to help Sri Lanka face of economic
Updated : 3 years, 2 months ago IST
India's EXIM bank and State bank of India, for the import of essential commodities, extended export credit facilities worth USD 1,500 million to Sri Lanka.
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Pakistan: Prices of pulses go up amid non-clearance of imported shipments
Updated : 3 years, 2 months ago IST
Rauf Ibrahim, the chairman of Karachi Wholesalers Grocers Association (KWGA) said traders on Thursday, held a protest outside the State Bank's head office against the non-clearance of over 6,000 containers of pulses at the port for the past two months.
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Pakistan: Food supply at risk as banks reluctant to open letters of credit
Updated : 3 years, 2 months ago IST
The inability of banks to open LC's despite the State Bank of Pakistan's (SBP) directives about import facilitation, poses a threat to the supply of food, as well as, could escalate price pressures and create a shortage of medications.
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First meeting of Global Partnership for Financial Inclusion Working Group
Updated : 3 years, 2 months ago IST
The State Bank of India, GTX, UIDAI and Nabard, among others, took part in the symposium highlighting India's digital innovations for advancing financial inclusion.
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Pakistan: SBP's forex reserves dwindle to USD 4.5 billion, Islamabad left
Updated : 3 years, 2 months ago IST
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
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Niti Aayog refutes report that a list was shared by think tank on privatis
Updated : 3 years, 2 months ago IST
According to a statement released on Friday, the think tank said no such list as mentioned has been shared by Niti Aayog in any form.
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