SBP
Pakistani Banks Plans To Use Blockchain Technology For KYC
3 min read
Pakistan is currently facing a significant financial crisis Financial institutions in the country are looking to use blockchain technology to stop money laundering Pakistan is…
SBP Allows IT Exporters to Retain 35% Earnings in Foreign Current Accounts
2 min read
“Exporters would be allowed to use their retained funds for legitimate business payments or expenses abroad,” said the State Bank of Pakistan, in its statement…
SBP introduces instant and free person-to-person payments under Raast
5 min read
State Bank of Pakistan has issued instructions that will enable Person-to-Person (P2P) fund transfers in the country through Raast, Pakistan’s Instant Payment System developed by…
Digital transactions increase 31% year-on-year during Jan-Mar: SBP
2 min read
E-banking transactions in Pakistan are undeniably on the rise, as exhibited by the State Bank of Pakistan’s Quarterly Payment System Review released on Monday. According…
521 solar projects worth Rs36bn have been launched under SBP’s schemes
2 min read
According to Governor State Bank of Pakistan (SBP) Dr. Reza Baqir during a webinar, various commercial banks have extended financing of around Rs 36 billion…
Pakistan’s foreign exchange reserves rise to $16.4 billion
2 min read
The foreign exchange reserves held by the central bank rose 2.39% on a weekly basis, according to data released by the State Bank of Pakistan…
PM Imran thanks overseas Pakistanis as RDA funds cross $1bn mark
2 min read
Prime Minister Imran Khan on Saturday thanked overseas Pakistanis as funds received through the Roshan Digital Account (RDA) – an investment initiative facilitating foreign investors…
Govt to pay salaries, employee pensions via Raast instant payments system
2 min read
The State Bank of Pakistan (SBP) has decided to digitize the payment process for salaries and payments of government employees through Raast instant payments system.…
Ex-IMF official & State Bank’s current governor, Raza Baqir calls for an end to SBP’s accountability
3 min read
The current governor of the State Bank of Pakistan (SBP), who used to oversee the IMF’s operations in Egypt, before being appointed as the SBP’s…
Pakistan’s IT exports maintain growth of 40% over 8 months
2 min read
Pakistan’s IT sector has remained impressive throughout the current financial year, with consistent growth of above 40 percent in exports between July 2020 and February…
Pakistan records current account surplus of $881 million against a deficit of $2,741 million last year
2 min read
“During Jul-Feb FY21, the current account remained in a surplus of $881 million, against a deficit of $2,741 million during Jul-Feb FY20”, announced the State…
Foreign direct investment to Pakistan down by 30% in eight months
2 min read
The net inflow of foreign direct investment (FDI) declined 30 percent during the first eight months (July–February) of the current financial year (2020-21) owing to…
SBP permanently removes charges for Internet and mobile banking services
2 min read
The State Bank of Pakistan (SBP) has waived off the fees on various internet and mobile banking services for consumers. The announcement was made by…
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