LAHORE ( Web News ) A signing ceremony was held at the State Bank of Pakistan head office to appoint the Bank of Punjab (BOP) as agent bank for the collection of Government receipts in Balochistan. The ceremony was attended by Mr. Jamil Ahmed-Deputy Governor State Bank of Pakistan andRead More →
The neo-liberal economic order as enshrined in the Washington Consensus and implemented vigorously by the IMF has never worked in the past and will not work in the future as well. ISLAMABAD ( JAVED MAHMOOD ) Dr Ashfaque H. Khan, former economic adviser and current Dean of the NUST SchoolRead More →
IMF is expected to disburse $2.8 billion for Pakistan on 23rd of August, which will boost State Bank’s reserves to record high level ISLAMABAD ( JAVED MAHMOOD ) On 23rd of August, 2021, the International Monetary Fund is expected to provide $2.80 billion to Pakistan under its $650 billion newRead More →
ISLAMABAD (PRESS RELEASE) The Islamabad Chamber of Commerce & Industry (ICCI) has called upon the State Bank of Pakistan’s Monetary Policy Committee (MPC) to make decent cut in policy interest rate while reviewing the monetary policy on July 27, 2021 and bring it down to 3-4% in order to stimulateRead More →
KARACHI ( Web News ) PayFast, the indigenous payments solution by APPS,is now the first payment gateway in the country to receive a commercial license from the State Bank of Pakistan (SBP) under its rules for Payment System Operators / Providers (PSO/PSP). PayFast enables merchants, billers and aggregators to receiveRead More →
ISLAMABAD ( Web News ) Mian Nasser Hyatt Maggo, President FPCCI, has noted with concern that Commercial Banks continue to disburse 90% of the funds– coming under export refinance schemes – to only a few chosen business groups. The whole exercise is biased and unfair. Same practiced has continued whenRead More →
ISLAMABAD ( WEB NEWS ) Apropos media reports related to recently introduced draft State Bank Amendment Act 2021, it is a misconception that SBP will be empowered unabatedly through the proposed act to share financial or non-financial private information with any entity, particularly outside the country. For exchange of informationRead More →
KARACHI (WEB NEWS) The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the State Bank of Pakistan (SBP) to extend the Refinance Scheme for Payment of Wages and Salaries, launched to support employees and prevent layoffs due to the Covid-19 outbreak in Pakistan for one year. InRead More →
Non-Residents Pakistanis and Residents can now repatriate their funds freely and bank digitally anytime, anywhere KARACHI ( WEB NEWS ) Habib Metropolitan Bank Limited (HABIBMETRO) has joined the Roshan Digital Account (RDA) initiative of the State Bank of Pakistan. Roshan Digital Accounts provide innovative banking solutions to millions of Non-ResidentRead More →
KARACHI ( WEB DESK ) SBP launches consultation on Banking on Equality Policy – an initiative to increase financial inclusion of women in the country In order to address one of the key challenges hindering economic growth of Pakistan to its full potential, State Bank of Pakistan (SBP) has launchedRead More →
SBP is all set to launch consultation on Banking on Equality policy for reducing the gender gap in financial inclusion. KARACHI ( WEB DESK ) Women’s access to financial and economic opportunities is essential for sustainable and inclusive economic growth. However, women in Pakistan are disproportionately under-served by the financial system.Read More →
KARACHI ( WEB DESK ) The State Bank of Pakistan (SBP) has directed all banks to stop processing subscription payments for Indian Streaming Video on Demand platforms (SVOD). In a recent notification to the presidents and CEOs of all banks, electronic money institutions (EMIs), Payment System Operators (PSOs), and paymentRead More →