Meezan Bank becomes the First Bank in the Country to Launch State Bank of Pakistan’s I-SAAF Scheme for Small and Medium Enterprises (SMEs) KARACHI ( Web News ) Meezan Bank, Pakistan’s first and largest Islamic bank, also became the first bank to launch the Islamic SME Asaan Finance Scheme (I-SAAF) for SmallRead More →
MULTAN ( Web News ) State Bank of Pakistan (SBP) Governor Dr Reza Baqir has said that Asaan Finance Scheme (I-SAAF) will be a game changer in enhancing access to finance to SMEs as it addresses the long outstanding challenge of lack of collateral faced by them. Speaking at IslamicRead More →
Supernet gets contract to secure SBP infrastructure ISLAMABAD ( Web News ) The Supernet, a subsidiary of Telecard Limited, has got Rs 100 million contract from the State Bank of Pakistan (SBP), in Information Technology (IT) and Cyber Security domain, to secure its infrastructure from Advanced Persistent Threats (APT). AccordingRead More →
Laws must ensure accountability of the State Bank of Pakistan: Dr. Hafiz Pasha Addresses SDPI conference titled ‘Beyond the Pandemic: Leaving No One Behind’ ISLAMABAD ( Web News ) Laws must ensure the accountability of the State Bank of Pakistan and the accountability should rest with the government under theRead More →
State Bank Reports Four-Fold Increase In Current Account Deficit Of Pakistan During July-Oct 2021 ISLAMABAD ( JAVED MAHMOOD ) Pakistan’s current account deficit has increased four-fold in first four months of the ongoing financial year. During July-Oct FY22, the State Bank of Pakistan has reported 5.18 billion dollars current accountRead More →
ISLAMABAD ( Web News ) Overseas Pakistanis have so far remitted over US $ 2.4 billion through more than 250,000 Roshan Digital Accounts (RDAs) from 175 countries. Out of these, more than US $1.6 billion have been invested in Naya Pakistan Certificates (NPCs). This was stated by Consul General of Pakistan, Toronto (Canada),Read More →
Current Account Deficit Widens To $3.4 Billion In First Quarter Of FY22 In the month of Sept-2021, the quantum of current account deficit has squeezed in comparison with Aug-2021 ISLAMABAD ( JAVED MAHMOOD ) The current account deficit of Pakistan in the first quarter (July-Sept 2021) period of this fiscalRead More →
ISLAMABAD ( Web News ) The Huawei Pakistan IP Club Carnival 2021 took place where ICT experts gathered to share the latest network technology trends and discover how enterprises can best adapt to the intelligent era based on next-generation networks, algorithms, and AI capabilities. The event was attended by Mr.Read More →
Fitch Predicts Average Dollar-PKR Parity Around Rs180 In 2022 On August 26, 2020, the dollar hit Rs168.43. Then it started declining and reached Rs151.83 on May 14, 2021. However, the greenback started rising and has appreciated by 6.6 per cent and 9.9pc since June and May 14, 2021, respectively. ISLAMABADRead More →
ISLAMABAD (PRESS RELEASE) Sardar Yasir Ilyas Khan, President, Islamabad Chamber of Commerce and Industry has expressed displeasure over the decision of the State Bank of Pakistan (SBP) to increase the policy interest rate from 7% to 7.25% as it would further increase the credit cost for the private sector, affectRead More →
ISLAMABAD ( Web News ) The State Bank of Pakistan (SBP) has launched a gender mainstreaming policy titled “Banking on Equality: Reducing the Gender Gap in Financial Inclusion”, which aims at reducing the gender gap in financial inclusion and improving women’s access to financial services. President Dr Arif Alvi unveiledRead More →
Remittances Depict 10-Year High 27% Growth In Aug 2021 With $2.66 Billion Inflows: State Bank In terms of growth, remittances increased by 26.8 percent (y/y) in August, which is a decade high growth rate for that month. On a m/m basis, inflows were marginally lower than in July, reflecting theRead More →