Zindigi and State Bank of Pakistan Drive Digital Evolution with Raast P2M LAHORE ( Web News ) Zindigi aligning seamlessly with the strategic vision of the State Bank of Pakistan, leads innovation by empowering merchants nationwide with Raast P2M Merchants Payments Ecosystem. Zindigi, powered by JS bank is one ofRead More →
SBP Reports $852 Million Increase In Its Reserves, To $7.757 Billion ISLAMABAD ( Web News ) The State Bank of Pakistan today reported a significant increase of 852 million dollars in its foreign exchange reserves during the week ended on December 22, 2023. The total reserves of the central bankRead More →
BOP conducts first transaction under EXIM Bank’s Export Finance Facility ISLAMABAD ( Web News ) The Bank of Punjab (BOP) becomes the first bank to execute a transaction for Export Import Bank of Pakistan (EXIM Bank) under its newly launched Export Finance Scheme (EFS) Facility. Under the facility, EXIM BankRead More →
Alert! Fake Rs.5000 notes in market ISLAMABAD ( Staff Reporter ) The Senate Standing Committee on Finance has voiced concern over the alarming circulation of Rs5000 notes, which even officials of State Bank of Pakistan (SBP) failed to ‘recognise’,. While spotlighting the gravity of the issue, PPP Senator Salim MandviwalaRead More →
A UK-Based Group Allowed To Operate ASA Microfinance Bank In Pakistan: SBP ISLAMABAD ( Web News ) The State Bank of Pakistan allowed a UK-based group, ASA International Group to operate a new microfinance bank in Pakistan. The State Bank of Pakistan (SBP) has allowed “ASA Microfinance Bank” (Pakistan) Limited to commenceRead More →
Jazz CEO Commends SBP and PTA for Driving Digital and Financial Inclusion at World Economic Forum Webinar ISLAMABAD ( Web News ) Aamir Ibrahim, CEO of Jazz and Chairman of Mobilink Microfinance Bank (MMBL), expressed high praise for the pivotal roles played by the State Bank of Pakistan (SBP) andRead More →
Telenor Microfinance Bank Receives In-Principle Approval to Establish a Digital Retail Bank ISLAMABAD ( Web News ) Telenor Microfinance Bank, operator of Pakistan’s leading digital financial services platform, easypaisa, has received In-Principle Approval (IPA) for Digital Retail Bank (DRB) license from the State Bank of Pakistan (SBP) under the LicensingRead More →
Banks’ Post-Tax Profit Doubled To Rs 284 Billion In Six Months Of 2023: SBP Report ISLAMABAD ( Web News ) The half-year post-tax profit of banks operating in Pakistan doubled and amounted to Rs 284 billion during the Jan-June 2023 period. In the corresponding period of the last year, banks’ post-taxRead More →
The Sensitive Price Index (SPI) was up by 3.73 per cent during the week ending Friday (July 28) The latest data comes as Pakistan’s central bank will likely raise its key interest rate again on Monday. The SPI covers 51 items put of which the prices of 20 increased, sevenRead More →
KARACHI ( Web News ) The State Bank of Pakistan released its third quarterly review of Payment Systems for the fiscal year 2022-23 Monday covering the period January to March 2023. Major highlights and comprehensive analysis on payments ecosystem is presented in the review. Increasing collaboration between banks and fintechRead More →
KARACHI (WEB DESK) Prominent UAE national, investor, and a longstanding friend of Pakistan, H.E. Nasser Abdulla Hussain Lootah (the “Investor“), has acquired a controlling stake in Summit Bank, a move that was recently approved by the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and Competition Commission ofRead More →
