SBP
Park View Enclave Challenges Silkbank-UBL Merger in Sindh High Court
2 min read
Park View Enclave (Private) Limited has initiated legal proceedings against the proposed merger between Silkbank Limited and United Bank Limited (UBL). The lawsuit, filed in…
Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report
3 min read
Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…
Federal Govt Tables ‘Digital Nation Pakistan Bill 2024’ in National Assembly ; What is in it?
3 min read
Islamabad: The federal government on Monday tabled the Digital Nation Pakistan Bill, 2024 in the National Assembly (NA), marking a significant step toward establishing a…
SBP Cuts Key Policy Rate by 200 Basis Points to 13% Amid Positive Economic Indicators
4 min read
ISLAMABAD: The State Bank of Pakistan (SBP) announced on Monday that it has decided to reduce its key policy rate by 200 basis points (bps),…
38000 Out of 2.32 Million Freelancers Hold Bank Accounts
3 min read
As shocking news broke during a high-level meeting of the Prime Minister’s Committee on IT Export Remittances, it was revealed that out of Pakistan’s 2.32…
Pakistani Banks to Replace OTP with TPIN for Enhanced Digital Security
2 min read
The State Bank of Pakistan (SBP) has issued a new series of directives for banks and microfinance banks (MFBs) that have adopted the necessary measures…
RAAST Payments to Be Enabled in Online Shopping, Orders SBP
2 min read
Banks and financial institutions have been instructed by the State Bank of Pakistan (SBP) to implement the RAAST payment system in e-commerce and online purchasing…
OPay Takes Over Finja Operations in New Acquisition
2 min read
OPay, a leading global fintech platform, has acquired Finja’s operations. When it launched in 2021, Finja was a leading startup and operator in the financial…
SBP Releases Rs55 Coin in Honor of Guru Nanak’s 555th ‘Jayanti’
2 min read
The State Bank of Pakistan(SBP) issued a commemorative coin on Friday to mark the 555th Jayanti [birth anniversary] of Guru Nanak Dev Ji, the founder…
Banks to Support Financing for EVs, Energy-Efficient Homes, and SMEs with Improved Data Access
2 min read
Islamabad: Pakistan’s banking sector has pledged to support the financing of energy-efficient households, electric vehicles, and small and medium enterprises (SMEs) to enhance financial inclusion.…
Pakistani Startups Secure $32 Million in FY2024-25 Amid Rebounding Investment Climate
3 min read
Pakistani startups have made an impressive return to the global investment stage, raising $32 million in the first four months of the 2024-25 financial year.…
SBP Grants Final Approval for TPL Corp and Abhi’s Takeover of FINCA Microfinance Bank
2 min read
The State Bank of Pakistan (SBP) has granted final approval for TPL Corp Limited and Abhi (Private) Limited to acquire a majority share in FINCA…
Saudi National Bank Ends Plan to Sell Stake in Samba Bank
2 min read
Saudi National Bank (SNB) has decided to terminate the process of selling its equity stake in Samba Bank Limited. This update was announced by Samba…
