This reflects an improvement in economic activities when compared with a net debt retirement in the same period last year.
SBP advises banks to submit a roadmap of implementing measures within 30 days.
Around 98.9pc of total depositors of conventional and 98.5pc of Islamic banks eligible for deposit protection.
Banks remain liquid during the last 12 months due to record growth in remittances which ultimately translated into local currency.
Bankers say further steps are required to bring down the import bill which is the main reason for the higher dollar demand.
Projects promising 1,082MW of energy supply have been financed since 2019.
“This is the 7th consecutive month when inflows recorded around $2.7bn on average,” says central bank.
As dollar hits all-time high at Rs171, central bank places new curbs from Oct 22.
The rising debt creates higher debt servicing which eats up most of the tax revenue while it also reduces the development funds.
SBP data shows that in Sept, the inflow of foreign investment in equity was $50.8m while the outflow was $136.8m.
Central bank says measure will discourage imports and support the balance-of-payments.
The dollar has surged by 11.5 per cent against the rupee since May 7.
Banker say the private sector has been chasing the annual economic growth target faster than anticipated by the govt and the SBP.
Currency dealers say the interbank market is full of speculative reports which affect the exchange rate negatively.
Banking sources say 100pc cash margin is expected to curb imports which have severely shaken the exchange rate.
Maximum tenure of auto financing cut from seven to five years; minimum down payment for car financing raised from 15pc to 30pc.
Investors welcome increase in cut-off yields.
KARACHI: The State Bank of Pakistan (SBP) on Monday increased the policy rate by 25 basis points to 7.25 per cent...
During the first two months of the current fiscal year it noted a net retirement of Rs170.8bn.
The deficit has increased by a whopping 81pc over a month.