SBP
Govt Increases Profit Rates on National Savings Schemes, Cuts Savings Account by 100 Bps
The Central Directorate of National Savings (CDNS) has revised profit rates for various National Savings Schemes (NSS), with the new rates taking effect from March…
Pakistan Govt Launches Crypto Council to Oversee Cryptocurrency Legalization and Blockchain Innovation
The Pakistan Crypto Council (PCC) has officially been launched, marking a significant step in the country’s efforts to regulate and integrate blockchain technology and digital…
Winners of Rs25,000 Prize Bond Draw for March 2025 Announced
The Rs25,000 prize bond draw was conducted in Muzaffarabad on Monday, March 10, 2025, announcing winners and distributing prizes to successful participants. The State Bank of…
Pakistan’s Remittances Rise to $3.1 Billion in February, Marking 38.6% YoY Growth
Pakistan recorded a significant increase in remittance inflows, reaching $3.1 billion in February 2025, reflecting a 3.8% month-on-month (MoM) increase from January’s $3 billion, according…
Pakistan Eyes Blockchain to Enhance Remittance Efficiency and Reduce Costs, Says Crypto Adviser Bilal Bin Saqib
Pakistan is actively exploring blockchain technology to improve the efficiency of remittances sent by its overseas citizens, aiming to lower transaction costs and expedite transfers.…
State Bank of Pakistan Keeps Policy Rate Unchanged at 12% Amid Economic Considerations
Defying market expectations, the Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has opted to maintain the policy rate at 12%, citing…
ABHI and TPL Corp Relaunch FINCA Under the New Identity of ABHI Microfinance Bank
ABHI, in collaboration with TPL Corp Limited, has officially rebranded FINCA Microfinance Bank as ABHI Microfinance Bank following the acquisition of its stake. The relaunch…
SBP Announces Bank Holiday for Zakat Deduction on First Day of Ramadan
Islamabad: The State Bank of Pakistan (SBP) has declared the first working day of Ramadan 1446 AH as a “Bank Holiday” for Zakat deduction. On…
Govt Raises PKR 2.25 Trillion Through Ijarah Sukuk Since December 2023
ISLAMABAD: The Securities & Exchange Commission of Pakistan has helped the DMO in conducting 18 auctions and raising a gross amount of PKR 2.25 trillion…
Is PayPal ‘Finally’ Coming to Pakistan?
Islamabad: The State Bank of Pakistan (SBP) has expressed its willingness to facilitate PayPal’s potential entry into Pakistan, aligning with ongoing efforts led by the…
Shareholders Approve Silkbank-UBL Merger, Awaiting Final Approval
The merger between Silkbank Limited and United Bank Limited (UBL) has been legally accepted by the shareholders of both banks under the Scheme of Amalgamation.…
Multi-Billion-Rupee Solar Panel Import Scam Involves Famous Pakistani Banks
The Senate Finance Subcommittee, chaired by Senator Mohsin Aziz, convened on Thursday to discuss the ongoing investigation into the solar panel import over-invoicing. The committee…
IMF Urges Pakistan to Digitalize Land Records for Stronger Governance and Anti-Corruption Efforts
Islamabad: The International Monetary Fund (IMF) has launched a governance and corruption diagnostic assessment in Pakistan, set to conclude on February 14, 2025. The mission,…
