ISLAMABAD (WEB DESK) On International Women’s Day 2023, three female officers from the State Bank of Pakistan (SBP) shared their professional journeys and experiences. They also shed light on the status of women in the financial sector and SBP’s efforts to promote gender equality in the workplace. The dialogue highlightedRead More →

12 Banks Report Record Profit Of Rs 585 Billion In 2022 This Time And, In Fact, For The First Time, Meezan Bank Took The Lead Over All Other Leading Banks In Earning Profit In 2022. ISLAMABAD ( JAVED MAHMOOD ) In sharp contrast to the ongoing economic crisis in Pakistan,Read More →

ISLAMABAD (WEB NEWS) Governor State Bank of Pakistan(SBP), Mr. Jameel Ahmed, while appreciating the performance of Bank of Azad Jammu and Kashmir (BAJK)and the steps taken to achieve Scheduled Bank status, agreed in principle with the position of the SBP to issue the license to BAJK and said that theRead More →

ICCI slams hike in policy interest rate to 17 percent ISLAMABAD ( Web News ) Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that due to the current economic crisis and high prices of electricity, gas and petroleum products, the business community is already facing greatRead More →

LAHORE ( Web News ) The Bank of Punjab (BOP) held the launch Ceremony of BOP e-Business Qarza for SMEs today at BOP’s Head office, in Lahore. BOP e-Business Qarza is an End to End (E2E) Digital Lending Program for Existing BOP customers. Via this digital product, BOP aims toRead More →

KARACHI ( Web News ) Meezan Bank, Pakistan’s leading Islamic bank and Pakistan Mortgage Refinance Company (PMRC), a Mortgage Liquidity Facility set up by the State Bank of Pakistan,  have recently inked a Master Musharakah agreement to support and promote affordable housing finance in the country. Under this agreement, PMRC will provide fiveRead More →

KARACHI ( Web News ) Pakistan’s central bank has imposed a penalty of slightly over Rs290 million on six commercial and Shariah-compliant banks for violating banking regulations related to foreign exchange, asset quality and general operation in the quarter ended September 30, 2022. All six are well-known banks including theRead More →

RCCI urges State Bank of Pakistan to open letters of credit RAWALPINDI ( Web News ) The Rawalpindi Chamber of Commerce and Industry (RCCI) has demanded the State Bank of Pakistan to open letters of credit. RCCI President Nadeem Rauf has said in a statement that despite the lifting ofRead More →

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 →