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state bank of pakistan

New SBP boss dismisses free floating rupee idea

Pakistan’s new central bank governor Reza Baqir on Monday dismissed the idea of a free floating rupee as he outlined reforms aimed at ending instability in the South Asian economy. Baqir was last month appointed to lead the central bank…

Policy rate increased by 150 bps to 12.25%: SBP

KARACHI: The State Bank of Pakistan raised its key interest rate by 150 basis points to 12.25 percent on Monday over inflationary pressures, a high fiscal deficit, and recent exchange rate depreciation. "Taking into account the above…

Dr Reza Baqir becomes new SBP Governor

ISLAMABAD: Dr Reza Baqir – an IMF economist, has been appointed as the Governor of State Bank of Pakistan in a major reshuffle on key economic economists. "The President of Pakistan is pleased to appoint Dr Reza Baqir as Governor State…