In FY21, Pakistan reentered the international capital markets after a gap of over 3 years in early April 2021 and SBP’s foreign exchange reserves rose to record high level ISLAMABAD ( Javed Mahmood ) The third quarterly report of the State Bank of Pakistan for FY21 pointed out that thereRead More →

KARACHI ( Web News ) Facebook is expanding its women-empowerment focused initiative, ‘SheMeansBusiness’ to bolster financial inclusion and resiliency of women-led businesses in Pakistan. Implemented in partnership with State Bank and the USAID Small and Medium Enterprise Activity (SMEA), the program’s new component, ‘Business Resilience through Financial Education (BRFE)’ aimsRead More →

KARACHI ( Web News ) The State Bank of Pakistan (SBP) announced its bi-monthly monetary policy on Friday and decided to maintain its policy rate at 7 percent, according to a statement issued by the bank. At its meeting on March 19, 2021, the Monetary Policy Committee (MPC) decided toRead More →

KARACHI ( WEB DESK ) Mobile application TAG has become the latest fintech startup to get approval from the State Bank of Pakistan (SBP) to operate as an Electronic Money Institution (EMI) in Pakistan, a press release issued by the company said on Monday. According to the company, TAG is a ‘superRead More →