LAHORE ( Web News ) After successfully obtaining the In-Principle Approval from the State Bank of Pakistan for an Electronic Money Institution (EMI) license, YAP Pakistan has now entered into a strategic partnership with Faysal Bank to introduce digital financial services through the Fintech Express program. Faysal Bank’s Fintech ExpressRead More →

Monetary Policy Committee of SBP decides to raise the policy rate by 150 basis points to 13.75% ISLAMABAD ( Web News ) At Monday’s meeting, the Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) decided to raise the policy rate by 150 basis points to 13.75 percent. ThisRead More →

Easypaisa launches in-App Biometric Verification ISLAMABAD ( Web News ) Easypaisa, the country’s leading digital payments App, has introduced an innovative feature that enables users to upgrade their mobile wallet accounts through in-app biometric verification. A key regulatory requirement, Biometric Verification System (BVS) also enhances users’ daily, monthly and yearlyRead More →

KARACHI ( Web News ) Finance Minister Miftah Ismail on Wednesday announced that the three-year term of Dr Reza Baqir as the governor of the State Bank of Pakistan (SBP) has come to an end, ruling out any extension for the PTI appointee. In a tweet today, Ismail said thatRead More →

SBP’s increased communication regarding its monetary policy, its linkage with the problems of common man, and the accountability of its performance regarding inflation targeting, before the parliament: Experts  LAHORE/ISLAMABAD ( Web News ) A consultative meeting on “State Bank of Pakistan’s autonomy, credibility and inflation expectations” was held here atRead More →

UBL Buying 55% Shares Of Telenor Microfinance Bank, Gets Go-Ahead From SBP For Due Diligence The UBL management has shared this development with its shareholders and the Pakistan Stock Exchange (PSX) to fulfill a regulatory requirement. ISLAMABAD ( JAVED MAHMOOD ) United Bank Limited is in the process to acquireRead More →

Governor SBP Dr. Reza Baqir receiving Rs 2.5 million monthly salary long with other perks ISLAMABAD ( Web News ) State Bank of Pakistan (SBP) Governor Dr. Reza Baqir receives a monthly salary of Rs2.5 million and worked at the International Monetary Fund (IMF) for 18 years prior to hisRead More →

MMBL’s celebration of a milestone year under Women Inspirational Network (WIN) commended by SBP ISLAMABAD ( Web News ) Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below its potential due to limited access to quality and affordable financial services.Read More →

KARACHI ( Web News) The State Bank of Pakistan (SBP) announced its bi-monthly monetary policy on Monday and decided to maintain its policy rate at 9.75 percent. Addressing a press conference in Karachi on Monday, Governor SBP Reza Baqir said that the interest rate will remain unchanged at 9.75 inRead More →

ISLAMABAD ( Web News ) Federal Minister of Science and Technology, Senator Shibli Faraz Tuesday said the government intends to regularize the cryptocurrency for which the State Bank of Pakistan, Securities and Exchange Commission of Pakistan and Finance Division are working. “We cannot separate ourselves from the affairs of theRead More →