Governor SBP – Dr. Reza Baqir – had a meeting with members of the Overseas Investors Chamber of Commerce and Industry (OICCI) and apprised for their services and participation.
The governor said that it was due to the timely economic measures that stabilized the economic condition in the country.
We lowered the rate of interest drastically from 13.25 percent to seven percent,Reza Baqir
He said the adoption of modern methods leads to monitor the different process via the online portal.
Earlier the SBP released an annual report highlighting the net profit of Rs. 1.163 trillion in the fiscal year 2019-20 as compared with the net loss of Rs1.043 billion recorded during the previous year.
The report further mentioned that SBP’s total assets were recorded at Rs. 12.273 trillion as of June 30, 2020, as compared with Rs. 11.467 trillion on June 30, 2019, showing an increase of Rs. 806 billion.