Trending Topics
SBP Cancels License of Time Exchange Company Over Regulatory Violations
The State Bank of Pakistan (SBP) has cancelled the authorization and license of Time Exchange Company (Pvt.) Limited with immediate effect over what it described…
Bank Alfalah Gets SBP Approval to Raise Rs20 Billion To Enhance Capital Adequacy Ratio
The State Bank of Pakistan (SBP) has granted final approval to Bank Alfalah Limited to raise Rs20 billion through the issuance of redeemable capital instruments…
SBP Expands Apna Ghar Scheme to Overseas Pakistanis, Developers Phase
The State Bank of Pakistan (SBP) has expanded the Wazir-e-Azam Apna Ghar Program to include overseas Pakistanis, enabling them to access government-backed housing finance for…
IHC Fines Private Bank for Illegally Blocking Account
The Islamabad High Court (IHC) has ruled that blocking a citizen’s bank account without a verified legal reason is unlawful, ordering a private bank to…
EasyPaisa Confirms Outage After 12 Hours of Silence
EasyPaisa confirmed intermittent service disruptions across its platform, acknowledging the outage only after nearly 12 hours of continuous user complaints on social media. The company,…
SBP Raises Deposit Insurance Limit to Rs. 1 Million for Bank Customers
Bank customers across Pakistan will receive greater financial protection after the Deposit Protection Corporation (DPC) increased the deposit insurance coverage limit from Rs. 500,000 to…
SBP Removes Prior Approval Requirement for Islamic Banking Windows
The State Bank of Pakistan (SBP) has relaxed regulatory requirements for banks seeking to expand Islamic banking services, allowing conventional banks and microfinance banks to…
SBP Launches Nationwide Survey on Digital Payment Services in Pakistan
The State Bank of Pakistan (SBP) has launched a nationwide survey to collect public feedback on digital payment services as part of efforts to strengthen…
Pakistan Launches Digital Passport Fee Payment System
The Directorate General of Immigration and Passports is working with a private bank to introduce a digital payment system for all passport and immigration fees.…
NAB Freezes $4.5 Million Bahria Town Accounts in Mauritius
The National Accountability Bureau (NAB) has frozen two foreign bank accounts worth $4.5 million, held at Silver Bank in Mauritius, under the Anti-Money Laundering Act…
SBP Expands Naya Pakistan Certificates to Saudi Riyal and UAE Dirham
The State Bank of Pakistan (SBP) announced issuance of Naya Pakistan Certificates in Saudi riyal and UAE dirham, offering slightly lower returns compared with investments…
SHC Orders SBP to Reinstate Employee Over Heart Condition
The Sindh High Court (SHC) has suspended the dismissal of Iman Gulzar, a State Bank of Pakistan (SBP) employee fired due to a rare congenital…
