Search results for "sbp"

SBP is Working on Pakistan’s First Ever Digital Currency

Getting its own CBDC (Central Bank Digital Currency) would give Pakistan a number of benefits including easier digital payment,...

Jul 21 · >

SBP’s Stance On Disallowing Cryptocurrency Trading Remains Same In Pakistan

The State Bank of Pakistan remains firm in its decision to prohibit cryptocurrency exchange in Pakistan. Despite the increasing...

in News
Jul 18 · >

SBP Allows IT Exporters to Retain 35% Earnings in Foreign Current Accounts

“Exporters would be allowed to use their retained funds for legitimate business payments or expenses abroad,” said the State...

Jan 16 · >

SBP Announces New Regulations To Ensure Launch of Digital Currency (CBDC) by 2025

Pakistan registers itself in the list of countries trying to achieve CBDC (central bank digital currency) after India, China...

SBP Disapproves Opening Bank Accounts without Digital Verification

The State Bank of Pakistan (SBP) has issued a notice to all banks ordering them to increase their utilization...

Oct 6 · >

MMBL’s celebration of a milestone year under Women Inspirational Network (WIN) commended by SBP

Women make up almost half of Pakistan’s total population, but their contribution to measured economic activity is far below...

in News
Feb 7 · >

SBP introduces instant and free person-to-person payments under Raast

State Bank of Pakistan has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through Raast,...

in Mobile, News
Feb 6 · >

SBP Hosts event on “Digital Banks – A New Era in Pakistan”

SBP issued “Licensing and Regulatory Framework for Digital Banks” on January 03, 2022. To create awareness of this important...

Jan 21 · >

Supernet Ltd obtains SBP contract worth Rs100mn

Telecard Limited’s 100% owned subsidiary, Supernet Limited (“Supernet”), is pleased to announce that it has been awarded a contract...

Dec 8 · >

Digital transactions increase 31% year-on-year during Jan-Mar: SBP

E-banking transactions in Pakistan are undeniably on the rise, as exhibited by the State Bank of Pakistan’s Quarterly Payment...

in News
Jun 28 · >

521 solar projects worth Rs36bn have been launched under SBP’s schemes

According to Governor State Bank of Pakistan (SBP) Dr. Reza Baqir during a webinar, various commercial banks have extended...

in News
May 5 · >

Ex-IMF official & State Bank’s current governor, Raza Baqir calls for an end to SBP’s accountability

The current governor of the State Bank of Pakistan (SBP), who used to oversee the IMF’s operations in Egypt,...

in News
Mar 27 · >

SBP permanently removes charges for Internet and mobile banking services

The State Bank of Pakistan (SBP) has waived off the fees on various internet and mobile banking services for...

in News
Mar 11 · >

SBP foreign reserves surge by $70mn to almost $13bn

The foreign exchange reserves held by the central bank rose 0.54% on a weekly basis, according to data released...

in News
Mar 5 · >

SBP orders banks to enable fully interoperable digital payment options

The State Bank of Pakistan (SBP) has issued directives to further facilitate customer repayment options on Alternate Delivery Channels...

in News
Feb 22 · >

Bank deposits increase by 16.5% in one year: SBP

Total deposits in the nation’s banks grew by 16.5% over the past year to Rs17.08 trillion in January 2021,...

in News
Feb 12 · >

SBP foreign exchange reserves plummet by $386m over a single week

Foreign exchange reserves held by the State Bank of Pakistan (SBP) have taken a considerable hit. According to data...

in News
Jan 22 · >

Pakistan’s public debt shoots up to Rs3.7 trillion in a year: SBP

With the government under pressure to reduce its reliance on short-term debt to minimize refinancing risks, it has been...

in News
Jan 19 · >

Pakistan’s first instant payment system developed by SBP launched by PM today

In a launch ceremony that kicked off at 4:30 PM today, Prime Minister Imran Khan officially launched Raast, the...

in News
Jan 11 · >

Pakistan’s economy is coming back on track: SBP

According to a report issued by the State Bank of Pakistan (SBP), Pakistan’s economy started to regain its pre-COVID...

in News
Jan 6 · >

SBP will now allow digital account opening

The State Bank of Pakistan (SBP) is considering the option to allow people to open accounts at banks with...

in News
Dec 22 · >

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...

in News
Dec 22 · >

SBP is all set to launch consultation on Banking on Equality policy for reducing the gender gap in financial inclusion

Women’s access to financial and economic opportunities is essential for sustainable and inclusive economic growth. However, women in Pakistan...

in News
Dec 19 · >

Foreign direct investment to Pakistan drops 17% in first five months of FY2021: SBP

Foreign Direct Investment (FDI) to Pakistan has dropped to $717.1 million during the first five months of the fiscal...

in News
Dec 17 · >