Pakistan
Husain on State Bank Of Pakistan and Regulation
SPEECH - In the speech 'Regulatory Strategy Of The State Bank Of Pakistan' Ishrat Husain of the State Bank Of Pakistan said the two major determinants of functional efficiency of financial system are market structure and the regulatory framework and the…
Interview with Afghan central bank chief Ahadi
INTERVIEW - The head of the Afghan Central Bank, Anwar al-Haq Ahadi, has hailed the stability of the afghani since new banknotes were introduced. Speaking in an interview with Iranian radio, Ahadi also said that forgery was a problem, with forged…
SBP evolving Islamic finance model: Ishrat
The State Bank of Pakistan is striving hard to find a viable alternative to interest-free banking compliant with Sharia law, the Governor of the State Bank of Pakistan has said.
SBP to unveil monetary policy paper in Feb
Pakistan's central bank plans to publish a document that will outline its monetary stance for the months ahead, a central bank spokesman has said. This would be the first time the central bank has issuing such a document, which is likely to come out in…
Transfer of Afghan money to Pakistan not illegal
The governor of the Afghan Central Bank, Anwar Ahadi, has said that the transfer of Afghan money to Pakistan or other countries is not illegal.
SBP describes economic growth rate as reasonable
PAKISTAN - The State Bank of Pakistan (SBP) has declared the 3.6 per cent growth of the economy as "reasonable" during fiscal 2001-02 due to various factors.
State Bank of Pakistan - Annual Report 2001-2002
ANNUAL REPORT - The State Bank of Pakistan has published its Annual Report for the year ended 2001-2002.
Challenges to Central Banking
REPORT - Learnings from the International Conference on "Challenges to Central Banking from Globalized Financial System" (held at the IMF in Washington D.C. 16-17 September, 2002.) Published by the State Bank of Pakistan.
Speech by Governor, State Bank of Pakistan, 1 Apr
SPEECH - In the speech titled 'Reforming Pakistan's economy, performance, progress, prospects and problems' Husain said regulatory and supervision functions of the State Bank have been significantly strengthened and strict enforcement of prudential…
Speech by Governor, State Bank of Pakistan, 1 May
SPEECH - In the speech titled 'Economic Reforms and Macroeconomic Management in Pakistan (1999-2001)' Husain said the strategy for economic revival Pakistan pursued since December 1999 was designed to include four key elements, restoration of…
Speech by Governor, State Bank of Pakistan, 10 Jun
SPEECH - In the speech titled 'Is State Bank of Pakistan doing its job?' Husain said since July 2001 Pakistan has been able to maintain stability in its exchange rate. Had the country not developed the cushion of reserves that it has, there was a strong…
Speech by Governor, State Bank of Pakistan, 15 May
SPEECH - In the Governor's Interview on PTV Husain said "I would submit that the State Bank had introduced transparency to such an extent that we publish all the information/data in our Annual and Quarterly Reports and also put them on our website."
Speech by Governor, State Bank of Pakistan, 28 Jun
SPEECH - In the Inaugural address at the Financial Sector Conference On Agriculture Husain said agriculture is by far the most important sector for Pakistan's economy. The forward and backward linkages to the rest of the domestic economy, to the…
Speech by Governor, State Bank of Pakistan, 1 Jul
SPEECH - In the speech titled 'Pakistan and the IMF : 1988-2002' Husain said the image of the IMF in developing countries and in Pakistan remains tarnished because of the burden of historical legacy, the increasing debate about the efficacy of the IMF…
Speech by Governor, State Bank of Pakistan, 1 Aug
SPEECH - In the speech titled 'Why does Pakistan have to accumulate foreign reserves?' Husain said "the stability in the exchange rate, the reversal of flight capital, the arrest in dollarisation of the economy, low inflation, the reduction in interest…
Speech by Governor, State Bank of Pakistan, 15 Aug
SPEECH - In the speech titled 'Marketing Pakistan's Image' Husain said "in the end, I would just like to underscore a basic point: the development of a brand called Pakistan and the subsequent marketing of a positive image for Pakistan requires a…
Speech by Governor, State Bank of Pakistan, 31 Aug
SPEECH - In the speech titled 'Banking Sector Reforms - Current Status And Future Prospects' Husain said the country's payment system infrastructure is being strengthened to provide convenience in transfer of payments to the customers. The Real-Time…
Pakistan to introduce new money laundering law
PAKISTAN - Pakistan's military government of General Pervez Musharraf is set to introduce a comprehensive anti money laundering law before next month's elections mark a return to civilian rule, the central bank governor said on Wednesday.
Sharp growth in Pakistan surplus
PAKISTAN - Pakistan's current account surplus in the past financial year (July-June) soared to a record $2.74bn (€2.79bn, £1.77bn), up from $326m the year before, officials at the central bank in Karachi said Monday.
State Bank of Pakistan - Annual Report 2000-2001
ANNUAL REPORT - The State Bank of Pakistan has published its Annual Report for the year ended 2000-2001.
Pakistan State Bank directs banks to set up ATM's
PAKISTAN - State Bank of Pakistan has directed all the domestic banks either to establish at least two auto-cash telling machine (ATMs) or join the existing Switch Network to ensure payment of salaries to government employees through ATM system.
Increase in money returned by Pakistani's abroad
PAKISTAN - Remittances from Pakistanis living overseas more than doubled in the financial year that ended last month - their most robust growth for years, the State Bank of Pakistan said on Thursday.
Pakistan tightens up rules on terror money
PAKISTAN - Pakistan is to announce new rules on Monday for tighter regulation of foreign currency dealers in an attempt to curb money laundering.
Anti-money laundering rules in Pakistan
PAKISTAN - The State Bank of Pakistan (SBP) has made it mandatory for banks and financial institutions to enforce 'Know Your Customer' (KYC) rules to counter the threat of money laundering, official sources in the central bank said on Tuesday.