Foreign exchange reserves will cross the level of 9 billion dollars. Governor State Bank Jameel Ahmed The policy rate has been increased to 22 percent to reduce inflation and pressure on the current account KARACHI (Sabah News) State Bank Governor Jameel Ahmed has said that Pakistan’s economy is on theRead More →

Bank Al-Falah Approves Offer From Bank Asia To Acquire Operation, Assets And Liabilities Of The Bank. ISLAMABAD  (  Web News  ) The Board of Directors of Bank Al-Falah Limited approved the offer from Bangladesh’s Bank Asia Limited to acquire the operations, assets, and liabilities of the bank. In a noticeRead More →

Ghazanfar Azzam, Mobilink Bank CEO, takes bold action in advancing gender equality with the Champions of Change Coalition ISLAMABAD  (  Web  News  ) Ghazanfar Azzam, President and CEO Mobilink Bank, has joined the Champions of Change Coalition, a globally recognised, innovative strategy for achieving gender equality, providing more leadership opportunitiesRead More →

State Bank Reports Massive Decline In Inflows Of Roshan Digital Accounts In 2023 Throughout The Year, The Opening Of New Accounts Decreased By 25.86% YoY, With 139,898 New Accounts Compared To The Previous Year’s 188,696. ISLAMABAD  (   Web  News  ) In the calendar year 2023, the total inflows into RoshanRead More →

State Bank Reports Massive Growth In Digital Transactions In FY23 The RTGS Processed 4.9 Million Transactions Amounting To PKR 640.4 Trillion, While 155 Million Transactions Were Processed On Raast Involving PKR 3.2 Trillion In FY23. ISLAMABAD  ( Web News ) The State Bank of Pakistan today reported massive growth inRead More →

SBP should take precautionary measures to ensure dollar stability & discourage masses from unnecessary dollars purchases: Saleem Mandviwalla ISLAMABAD ( Web News ) Meeting of the Senate Standing Committee on Finance and Revenue was held here at Parliament House on Wednesday with Senator Saleem Mandviwalla in the Chair. The SenateRead More →

The Bank of Punjab Secures Top Rank in SBP’s Agriculture Credit Scoring Model for FY 2023 LAHORE ( Web News ) State Bank of Pakistan (SBP) introduced a comprehensive Scoring Model to gauge the agriculture credit performance of the banks. Based on this scoring model, banks are ranked according toRead More →

Monetary Policy: SBP keeps key interest rate unchanged at 21pc ISLAMABAD ( Web News ) The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 21 percent for the next two months, anticipating that inflation would “start falling” from thisRead More →

Supreme Court orders SBP to immediately release Rs21billion funds for Punjab’s polls The Supreme Court on Friday held in-chamber hearing on the issue of release of funds for the polls. ISLAMABAD ( Web News ) The Supreme Court has directed the State Bank of Pakistan (SBP) to release Rs21 billionRead More →

MMBL and SCBF commit to fostering financial inclusion through innovative Credit Scoring & Banking Solutions ISLAMABAD ( Web News ) Mobilink Microfinance Bank Limited (MMBL) is partnering with the Swiss Capacity Building Facility (SCBF), a Switzerland-based innovative public-private platform, and the Arab Gulf Programme for Development (AGFUND), a Saudi Arabia-basedRead More →

ISLAMABAD ( Web News ) Faad Waheed, Acting President, Islamabad Chamber of Commerce and Industry has lauded the initiative of State Bank of Pakistan for relaxing some restrictions on imports and allowing imports pertaining to HS Code Chapter 84, 85 and certain items of Chapter 87 from 2nd January 2023, whichRead More →

SBP’s Reserves Further Drop To $5.82 Billion By Dec 23, 2022 For the first time in decades, the SBP’s reserves fell below the commercial banks’ foreign exchange reserves. ISLAMABAD ( JAVED MAHMOOD ) The foreign exchange reserves of the State Bank of Pakistan further dropped to $5.82 billion by DecRead More →